Marvell Plays AI Hardball: Divestiture Sparks 155% Upside, Says Analyst
1. MRVL sold its Automotive Ethernet business for $2.5 billion to Infineon. 2. JPMorgan's Harlan Sur set a $130 price target, indicating significant upside. 3. MRVL's AI and data center portfolio is growing at 30-40% annually. 4. Deal may boost earnings by 5 to 10 cents per share if funds are reinvested. 5. MRVL shifts focus from automotive to high-growth AI and accelerated computing.