The article examines whether Marvell (MRVL) stock can return to $310, with data center and custom chip sales to large cloud providers seen as the key factor. The shares closed at $316.28 on June 4, 2026, and at $218.34 on October 29, so a rise of about 42% would be needed to reach $310. Data centers made up 79% of revenue in fiscal Q2 2027 and grew 46% year on year, and management expects data center growth of about 60% for fiscal 2027. The twelve-month gross margin was 52.2%, up from 44.6%, but the stock trades at 74.2 times earnings versus 22.8 for the S&P 500, and $1.9 billion of the $2.64 billion twelve-month earnings came from a single quarter. The shares fell 13.2% on October 29 after Bloomberg reported Marvell was in advanced talks to buy Lumentum in an all-stock deal valued at about $83 billion.
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