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Marvell Technology (MRVL) is up today in midday trading at $108.86.
Nvidia has invested $2 billion in Marvell Technology to deepen their AI collaboration.
KEY POINTS
- Marvell management raised FY 2028 revenue guidance to nearly $15 billion, up from previous estimates.
- Unusual volume of in-the-money MRVL put options traded at a $110 strike, nearly 25x previous open interest.
- Selling these ITM puts yields nearly 8% in 39 days, offering a high-return strategy for investors.
- Analyst price targets for MRVL have increased, with some projecting up to $192.25 by FY 2028.
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