** Shares of chipmaker Marvell Technology MRVL.O jump 10.2% to $77.1, highest level since early March
** Co raised FY28 data center total addressable market forecast to $94 bln from prior view of $75 bln at its Custom AI Investor Event on Tuesday
** BofA Global Research raises its PT on stock to $90 from $80, saying "rising tide of AI capex can help drive potential upside for one of the few franchises with a singular data-center focus"
** Revenue from co's data center segment accounted for 76% its total revenue as of Q1 results
** MRVL says it is on track to capture 20% of data center market share by 2028, which TD Cowen says could generate about $8 in EPS
** Co last month forecast Q2 revenue above estimates, betting on strong demand for its custom chips powering AI workloads in data centers
** Including sessions' gains, stock down almost 30% YTD vs 6.5% rise in Philadelphia SE Semiconductor Index .SOX
(Reporting by Shashwat Chauhan in Bengaluru)
((Shashwat.Chauhan@thomsonreuters.com))
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