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Marvell stock continues to gain for seven straight sessions

Marvell Technology (MRVL) stock closes positively, extending its winning streak and showing growth potential in the AI chip market.

Marvell Technology (NASDAQ:MRVL) stock closed positively on Wednesday, extending its seven-day winning streak, during which it gained 4.9%. Shares of the chipmaker closed +0.84% at $72.20, near its 52-week-high of $85.76. The stock has gained 17.69% in value in the last 12 months. Marvell has closed in the green for fourteen trading days in June so far. During the month of May, it closed positively for 13 out of 22 sessions. Looking at Seeking Alpha's Quant Ratings, the company has a Hold rating with a score of 3.25 out of 5. The company received an A- for profitability and a B+ for growth prospects. The stock also got an F for its valuation similar to its valuation six months ago. Turning to the Wall Street community, about 24 out of 34 analysts see the stock as a Strong Buy, with 8 recommending a Buy. The remaining 2 recommended a Hold on the stock. Seeking Alpha analysts are optimistic and see the stock as a Buy. \"Marvell Technology's 1Q25 results show a clear path to growth recovery, with visible catalysts for acceleration in 2H25,\" reads an analysis by Redfox Capital Ideas. \"The data center segment has shown four consecutive quarters of positive sequential growth, indicating an upcycle,\" it added. Another analysis by Seeking Alpha analyst Chetan Woodun noted that despite facing competition, Marvell has the potential to capture a significant portion of the AI chip market, which could greatly impact its income. While it faces cyclicality risks, its data center strength should benefit, he added.

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