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Marvell shares slip 0.9% as Seaport starts coverage with $270 target

Verifying
  • Seaport Research Partners initiated Marvell coverage with a Buy recommendation and $270 price target.
  • Marvell generated $6.1 billion from data centers, representing 74% of fiscal 2026 revenue.
  • Marvell expanded its Google partnership in August across TPU-related products and components.
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