Goldman Sachs and Bank of America raise targets on Marvell Technology while remaining cautious on Intel amid AI infrastructure demand.
Wall Street research desks at major banks have taken opposing stances on Marvell Technology (MRVL) and Intel (INTC) as key players in the AI chip market. Marvell has gained favor for its dual role in custom silicon and optical interconnects, supplying all five largest U.S. cloud operators with critical data center infrastructure.
Goldman Sachs recently increased its price target on MRVL, citing stronger visibility in its custom-silicon pipeline, while Bank of America has also expressed optimism. Analysts highlight the reinforcing nature of Marvell’s two business segments, which position it as a less direct but high-growth AI exposure play compared to more prominent chipmakers.
Intel, meanwhile, faces more cautious sentiment from the same institutions, despite its broader market presence. The divergence reflects differing views on execution and market positioning in the AI-driven semiconductor sector.