Intel recently priced an upsized $20 billion common stock offering and announced a technology collaboration with Applied Materials on next-generation transistors, interconnects and advanced packaging. Marvell expanded its multiyear partnership with Alphabet, including a performance-based stock warrant agreement, and unveiled rack-scale memory components for AI computing and enterprise storage workloads. At its October 6 investor day, Marvell said it expects sales to grow from $8.2 billion in its fiscal 2026 year, ended January 31, to between $70 billion and $90 billion in fiscal 2031, driven by AI data center demand. Intel's quarterly revenue has been uneven over the past eight quarters, but its fiscal second-quarter revenue of $16.1 billion rose 25% year over year, and Intel still has a much larger revenue base than Marvell.
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