Here’s Why Top B. Riley Analyst Raised Marvell (MRVL) Stock Price Target by More than 40%

Marvell hires Adobe CFO Dan Durn as Wall Street pivots toward chipmakers

Marvell hired Adobe CFO Dan Durn (June 15, 2026) for semiconductor-SaaS expertise as Wall Street shifts AI capex to hardware. Adobe's 3x AI revenue ($500M+) and 5% decline signal investor conviction that infrastructure profits flow to chipmakers, not SaaS.