Marvell stock price steadies near $80 as Jefferies flags $120 target ahead of earnings
New York, Jan 17, 2026, 18:22 EST — Market closed. Marvell Technology shares closed Friday nearly flat at $80.46, eking out a slight gain after swinging widely throughout the session as investors returned to chip stocks linked to data centers. U.S. equity and options markets will shut down Monday, Jan. 19, in observance of Martin Luther King Jr. Day. That means Tuesday is the first opportunity for investors to move on semiconductor and AI spending trades. (NASDAQ Trader) The stock has reacted sharply to changes in expectations around “custom” AI silicon—chips tailored for specific clients, typically cloud providers—and the networking