If recent history is any guide, investors could benefit from picking up shares in Marvell Technology (MRVL) ahead of its upcoming AI presentation, according to Citi. In light of this, analyst Atif Malik initiated a positive catalyst watch on the semiconductor stock ahead of the April 11 event, with a $91 price target suggesting a 33% upside from Tuesday's closing price. are doing. Stocks rose about 5% before the bell. MRVL YTD Mountain Marvel's 2024 Stock Price Nvidia, Broadcom, and AMD “are moving into their respective AI eras, and his MRVL settings appear to be similar after recent stock declines,” he wrote. Masu. Malik said at the event that Marvell could focus on a total market of $40 billion in custom application-specific integrated circuits, along with Arm's central processing units and Amazon Web service's Trainium2 AI chips that utilize the technology. I look forward to discussing this with you. Marvell stock has underperformed in recent weeks following weaker earnings guidance for the current quarter, but Malik said the stock trades at a valuation 18% lower than many of its AI peers. he pointed out. The stock fell about 5% in March, but is up more than 13% since the beginning of the year. He added that conversations at the Fiber Optic Communications Conference and Exhibition in California this week suggest stability for optical digital signal processors used in transmission systems and connectivity solutions.