Marvell Technology rises after report SoftBank explored takeover of co

** Shares of AI chipmaker Marvell Technology's MRVL jump 9.8% to $102 premarket after Bloomberg reports SoftBank Group 9984 is said to have explored a potential takeover of co earlier this year

** SoftBank made overtures to Marvell several months ago but the two parties couldn't reach an agreement on terms, the report said, citing people familiar with the matter

** 31 of 42 brokerages rate the stock "buy" or higher, and rest "hold"; their median PT is $90 — LSEG data

** As of last close, MRVL down 15.8% YTD