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Melius Research lowers target price for Nvidia to $315

Melius Research lowers target price for Nvidia to $315

智通财经智通财经2026/11/02 12:11
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Melius Research: Lowered the price target of NVIDIA (NVDA.US) from $420 to $315. Lowered the price target of Marvell Technology (MRVL.US) from $445 to $300.
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Marvell Technology (MRVL.US) completes a $115.0 billions acquisition, Lumentum (LITE.US) releases earnings report ahead of schedule: Q1 results beat expectations, next quarter guidance remains strong.

Lumentum's revenue last quarter increased by 136.5% year-on-year, slightly surpassing expectations, with a strong guidance for the next quarter. On the same day, Marvell announced an all-stock acquisition of the company for $115 billion, marking the largest equity acquisition of the year.

智通财经•2026/11/02 12:49