NEW YORK — Wall Street investment firm Oppenheimer raised its price target on Marvell Technology today, projecting robust growth driven by surging demand for artificial intelligence infrastructure.

Analysts pointed to the chipmaker’s rapidly expanding portfolio in custom application-specific integrated circuits and high-speed optical networking as vital catalysts for long-term revenue gains across enterprise data centers.

The bullish revision sparked fresh investor enthusiasm, further solidifying Marvell’s strategic position in the competitive AI hardware landscape.