Why AMD’s Surprise Stake and a $200 Price Target Sent Marvell (MRVL) 8% Up to Record Highs

Marvell Technology (MRVL) shares ignited on Wednesday, surging over 8% to close at a record $177.95. The rally was fueled by a "double-shot" of bullish catalysts: a surprise equity stake disclosure from Advanced Micro Devices (AMD) and a massive price target hike from Bank of America, which now sees the stock hitting $200.