Marvell sees a big opportunity ahead. Can that spark a real turnaround for its stock?

Marvell Technology Inc. talked up its big ambitions for the next few years at an artificial intelligence event for investors on Tuesday. But some analysts think the company’s goals may be too big.

Shares of Marvell

MRVL were up 7% in morning action, but they’re still down 32% on the year and significantly lag other prominent AI-chip stocks. Marvell sees a large total addressable market for data-center hardware, but analysts were mixed on whether the company’s latest commentary would change the near-term picture for the company or its stock.