MRVL #2? NVDA #1? Citi -- January 21, 2024

Locator: 46604INV.

Link here. 

From the linked story:

Marvell Technology stock was rising Friday, January 19, 2024, after a Citi analyst named the chip maker as its No. 1 specialty semiconductor pick. 

Citi analyst Atif Malik said in a research note Friday that Marvell is now his favorite specialty chip stock, while Nvidia is now No. 2. 

Malik maintained Buy ratings for both Marvell and Nvidia, with targets of $75 and $575 for their respective stock prices. “We like the stock setup in 2024 on continued AI optics growth, layering of custom ASIC AI project sales, and bottoming out of non-cloud markets like enterprise networking and carrier,” Malik said of Marvell. 

Marvell stock was up 1.8% to $69 on Friday, while shares of Nvidia rose 2.8% to $587.09.

Personal investing: 

• I recently removed BA and CVX from my "bucket list." I replaced them with MRVL. This is not new. Previously posted. MRVL may not be a long-term holding. We'll see.
  
• It's hard to believe I first mentioned MRVL on November 9, 1921. Time flies.

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.