Marvell Technology Trading Volume Drops 49.89% to $932 Million Despite Stock Price Rise

On April 11, 2025, Marvell Technology (MRVL) saw a trading volume of $932 million, marking a 49.89% decrease from the previous day. The stock price rose by 0.98%.

Citi has revised its price target for Marvell Technology, lowering it to $96 from the previous target of $122, while maintaining a Buy rating. This adjustment reflects growing concerns about tariffs and economic uncertainty, which have led to reduced forecasts for chipmakers, including Marvell.

Citi's decision to lower its price target is part of a broader adjustment to its estimates for U.S. data center builds and AI chipmakers. The firm has cut its capital expenditure estimates for hyperscalers by 5% for both 2025 and 2026, primarily due to concerns about Microsoft's capex cuts and the ongoing tariff dispute.

Despite the lowered price target, Citi analysts believe that the negative news is already reflected in Marvell's stock price, suggesting that the current valuation may present a buying opportunity for investors.