Melius Research cuts price targets for Nvidia and Marvell Technology

The firm lowered its Nvidia target to $315 and its Marvell target to $300, trimming expectations for two of the biggest AI chip names Melius Research has lowered its price targets on two of the most closely watched names in AI hardware. Nvidia now carries a $315 target from the firm, and Marvell Technology sits at $300. The new numbers The headline figures are straightforward. Melius set Nvidia at $315 and Marvell at $300. For Nvidia, the change marks a notable step down from where the firm stood a few months ago. As of August 27, 2026, Melius analyst Ben Reitzes held a Buy rating on Nvidia with a $420 price target. Going from $420 to $315 is a meaningful haircut. Put simply, the firm’s view of what the stock should be worth has shifted down by more than a hundred dollars a share in a matter of months. Marvell’s path is less tidy. Melius’s coverage of the company has swung in both directions over the past year and a half. In May 2025, the firm downgraded Marvell to Hold with a $66 target. The concern at the time was a slower ramp in custom silicon, the bespoke chips Marvell designs for large cloud customers. Melius then reversed course. It upgraded Marvell to Buy with a $135 target...