Marvell Technology (MRVL) is positioned as a major beneficiary of the shift in AI infrastructure. Management raised its fiscal 2028 revenue outlook to about $20 billion from $18 billion, compared with $8.2 billion in fiscal 2026. It now targets $70–90 billion in annual revenue by fiscal 2031, driven mainly by custom AI chips and data center networking, where the data center business is already its largest revenue source. At the $80 billion midpoint, with about $30 in adjusted EPS and a 25x earnings multiple, the stock could reach roughly $750, more than triple its recent price of $237. The article also flags risks, including competition from Broadcom (AVGO) and a possible slowdown in AI infrastructure spending.
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MRVLsemiconductorsartificial intelligencedata centers
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NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.97 |
| Change that session | +2.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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