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Barchart
Barchart
Wajeeh Khan

DARK SECRETS: Why options traders are betting that marvell technology stock could soon hit 300 | Vintage Vibes

Marvell Marvell Technology MRVL Barchart

Marvell Technology (MRVL) is set to report its fiscal Q2 earnings today after market close, and the options market believes the release will set the stage for the artificial intelligence (AI) stock to hit $300.

According to Barchart, consensus is for the custom AI chips specialist to record $0.65 per share of earnings (EPS) for its second fiscal quarter, which would represent a 30% increase on a year-over-year basis.

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