Marvell Technology (MRVL.US) earnings report coming this week! JPMorgan bullish ahead of results: AI ASIC business remains strong, "Overweight" rating reiterated
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JPMorgan has released a research report, predicting strong demand for its optical DSP solutions (1.6T/800G). Its leading custom AI ASIC project (Trainium 2) is expected to continue maintaining robust growth momentum, and the storage business (cloud HDD/SSD controllers) will also show a strong growth trend. JPMorgan reiterates its "Overweight" rating on Marvell Technology, with a target price of $130.
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