Melius Research lowered its price target for Nvidia to $315 and for Marvell Technology to $300. For Nvidia, this represents a steep cut from the $420 target maintained by analyst Ben Reitzes on August 27, 2026. Melius had sharply raised its estimates for Marvell in recent months before trimming its target to $300, at the low end of the $300-to-$400 range set by other analysts. The revisions do not indicate any rating changes, which remained unchanged according to the article. They highlight challenges related to artificial intelligence spending, competition in GPUs and Marvell’s execution of custom-chip projects.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
