Marvell Technology is deeply involved in AI infrastructure through optical chips, ASICs, data storage controllers and CXL memory products, and Nvidia CEO Jensen Huang said in June he expects it to become a $1 trillion company. In its fiscal 2027 second quarter, revenue rose 37% year over year to $2.74 billion, and the company expanded its AI chip deal with Alphabet to $120 billion over roughly six and a half years, starting in fiscal 2029. The stock is not cheap, trading at a forward P/E ratio of 62, while Broadcom and Nvidia offer cheaper valuations and higher revenue growth. The article says the Alphabet deal could add roughly $5 billion in quarterly sales once it starts, nearly two times Marvell's Q2 fiscal 2027 revenue, so a single large contract could change the investment case.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Marvell Technologysemiconductorsartificial intelligencevaluation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/19/2026 | 217.09 |
| Change that session | +1.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street
According to the article, 13 U.S.-listed stocks have a market capitalization of at least $1 trillion, and analysts are most bullish on Micron, with a median target price of $1,575 per share, implying 70% upside from the current $925. Micron's results have surged amid a memory chip shortage driven by AI infrastructure demand: revenue in the September quarter rose 379% to $54 billion, and non-GAAP earnings reached $33.42 per diluted share, up from $3.03 a year earlier. The CEO expects tighter supply-demand conditions in fiscal 2027 and 2028. However, new capacity from Micron, Samsung, SK Hynix and others could lead to oversupply by 2029, and memory prices have historically fallen sharply in such periods. Some investors believe AI demand and longer contracts could weaken the boom-and-bust pattern, while others remain cautious.
- NVIDIA's Price Implies Less Growth Than Its History
- Tenstorrent hits $6.2B valuation to scale open-weight AI chips
Tenstorrent, an inference-focused chip startup, raised $1.5 billion at a $6.2 billion valuation, more than double the $2.6 billion it was valued at in late 2024. The round, led by Trace Capital and Innovation X, also drew Cadence Ventures, Eclipse, Fidelity, SanDisk and T. Rowe Price. It came five months after Intel and Qualcomm reportedly showed acquisition interest at valuations of up to $5 billion, but CEO Jim Keller said the company chose to stay independent after its Galaxy servers ran DeepSeek models. The funds will scale chips for serving open-weight AI models and video generation.
- Nvidia (NVDA) Stock Price Lags Massive Earnings Growth—A Compelling Value Opportunity
Munro Partners' Munro Global Growth Fund posted a -12.6% net return in Q3 2026, trailing the MAET.ASX return of -13.8%, with long holdings the main detractors. The fund's letter named NVIDIA (NASDAQ:NVDA) its largest contributor, citing strong earnings growth and guidance for at least 70% revenue growth next fiscal year, versus consensus of 45%. Nvidia reported quarterly revenue of USD96.2bn in August, up 106% year on year, and management said growth would have been closer to 100% without supply constraints. As of October 12, 2026, NVDA closed at $214.13, down 4.23% over the past month and up 19.23% over the past year, with a $5.16 trillion market cap and a 52-week range of $164.27 to $243.37. The fund says demand for semiconductors and AI remains strong, creating a constructive setup as capex and political fears are now priced in.
- This Artificial Intelligence (AI) Stock Is Already Seeing Demand Stretching Into 2030
ASML Holding, whose lithography machines are essential for manufacturing advanced chips, posted solid earnings and says some customers want to place orders for 2029 and even 2030, according to CEO Christophe Fouquet. The company has a market cap of more than $630 billion and its growth rate exceeded 55% last quarter. Its P/E multiple of 40 and forward P/E of 29 both sit above the S&P 500 average of a little over 19, so the article argues a premium is already priced in. Even so, the article suggests ASML's dominant position and demand visibility may justify an even higher valuation.
- Prediction: $1,000 Invested in Taiwan Semiconductor Today Will Be Worth This Much by 2030
The article argues that TSMC, the world's largest contract chipmaker with over 70% of the global foundry market, benefits from the AI boom because it manufactures chips for most leading designers. In the third quarter it beat profit and revenue estimates and guided fourth-quarter revenue to $52.3–54.3 billion, a 58% year-over-year increase at the midpoint, while gross margin is expected to dip slightly to 66% due to 2 nm ramp-up and U.S. fab costs. The stock has risen more than 300% over three years to about $422, trading at 27 times trailing earnings. Assuming EPS grows 30% a year, the author projects the shares could reach $1,000 by 2030, and that $1,000 invested today could grow to $2,350 by then if earnings growth continues.
Related markets
Latest news
- Amazon blocks agentic AI shopping. But Walmart is betting big that it's worth saying yes.
A Bank of America note led by Christopher Nardone, published Monday, argues Walmart stands to benefit if shoppers hand purchases to AI agents, citing its integration with multiple AI ecosystems, its own shopping assistant “Sparky” and partnerships including Meta's Muse. Walmart, Best Buy (BBY) and Ulta (ULTA) are among Muse's key partners, while some other retailers have blocked it. Amazon has blocked Muse from making purchases on its site and bars automated shopping tools, though it may not be losing much in sales since most people use AI mainly for research. Walmart's management, however, cannot say how popular shopping agents will become, and it is unclear how advertising, a growing business for Walmart, would be affected if screenless computers handle checkout.
- Stocks are driving consumption 'like never before' — and that exposes a big risk
In a note published Monday, Doug Peta, chief US investment strategist at BCA Research, argues the stock market is influencing the economy like never before. US household net worth reached over eight times disposable income at midyear, an all-time high, and the value of household equity holdings is nearly three times annual after-tax income. Peta estimates that a 10% gain in the S&P 500 over a year boosts household spending capacity as much as a 28% raise, making consumption more sensitive to equity moves. That sensitivity cuts both ways, as a future bear market could amplify spending pullbacks because households would feel vulnerable rather than wealthy.
- H.I.G. WhiteHorse Provides Financing to Be-Cloud and QualityHosting
H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, has arranged a debt package to finance QualityHosting's acquisition of Be-Cloud, with QualityHosting being a portfolio company of PSG Equity. The package also provides additional capital for the combined company's future growth and M&A strategy. Be-Cloud, founded in 2012 and headquartered in France, is a leading European Microsoft Cloud Solution Provider with more than 37,500 active end customers and over 1,000 reseller and MSP partners. QualityHosting, a German Microsoft CSP, serves more than 30,000 end customers and has about 1,000 reseller partners.
- Residential electricity prices may be set by peak and off-peak hours
Vietnam's Minister of Industry and Trade, Lê Mạnh Hùng, submitted to the National Assembly on the afternoon of October 20 a draft amendment to the Electricity Law. It would allow retail electricity to be priced by peak, off-peak and normal hours where technical conditions allow, with a roadmap for applying this to residential customers. The draft also sets out a plan to eliminate cross-subsidies between customer groups and proposes incentive pricing for renewable energy, new energy and storage systems. Nguyễn Thanh Hải, chair of the National Assembly's Committee for Science, Technology and Environment, asked that the scope and roadmap for removing cross-subsidies and electricity bill support be clarified, kept separate from direct aid to poor households, and that investment risks not be shifted to the State or the public. The committee also warned that the wording requiring full recovery of costs and reasonable profit could be read as the State guaranteeing investors' financial results.
- HoSE officially announces roadmap for transferring nearly 300 HNX-listed stocks to trading on HoSE
As of mid-October 2026, HNX had 299 listed stock codes with total market capitalisation of about 450,000 billion VND. On 20/10, HoSE announced the roadmap for reorganising trading of listed stocks under Circular 139/2025/TT-BTC, dated 30/12/2025, from the Ministry of Finance. The last trading day for all HNX-listed stocks is 23/12/2026, and the stocks being transferred will be suspended on 24 and 25/12/2026. From 28/12/2026, all listed stocks will trade on HoSE, and listed companies, market members and investors are urged to prepare in advance.
- South Korean IPO plunge deepens AI market jitters as brent tops $111
South Korean data centre company Elice (0158S0) closed at 60,500 won ($45.57) on its debut, down over 30% from its 90,500 won offer price, despite a retail offering oversubscribed more than 400 times. The IPO raised $151 million at a valuation of roughly $755 million, according to Bloomberg. The debut came as the KOSPI dropped almost 4% to 5,552, with Samsung Electronics and SK Hynix also falling, and CoreWeave (CRWV) slipped another 3% in U.S. pre-market trading. Investors are questioning the borrowing costs, debt levels and returns of AI infrastructure spending, while Brent crude topped $111 a barrel, its highest since May, amid Middle East supply and shipping concerns.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.