Marvell (MRVL) closed at $228.51 on October 23, 2026, just below the lowest of the 43 Wall Street price targets TIKR tracks ($229.95; mean $341.44). A day earlier the stock fell 8.70% along with chip peers, on concerns about AI spending after Meta Platforms' earnings and a supply warning from Lam Research, so the article says the move tracked the sector rather than company news. At its October 6 Investor Day, COO Chris Koopmans said Marvell has secured the supply it needs for about $20 billion in revenue in fiscal 2028; this is management's claim, not booked revenue. Yet free cash flow has missed Wall Street estimates in each of the last five quarters, including $478.8 million versus about $644 million in fiscal Q2 2027. The article notes TIKR's model (a scenario, not a forecast) has a mid-case target of about $1,710 by January 31, 2031, and identifies the main risk as cash continuing to trail revenue.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
semiconductorsMRVLartificial intelligencevaluation
Open a keyword to see other news on the same topic.
Related news
- 2 Reasons I'd Buy Marvell Stock More Than 20% Below Its Record, and 1 Reason I'd Wait
Marvell Technology (MRVL) trades near $248, about 21% below its June 4 record close of $316.43. At an Oct. 6 investor day, the company raised its fiscal 2028 revenue forecast to around $20 billion from about $18 billion in August. Data center revenue rose 46% year over year to about $2.17 billion in fiscal Q2, and the roughly $18 billion data center target for fiscal 2028 now arrives a year early. The stock trades at about 34 times fiscal 2028 earnings, down from about 43 times at the June record. The author sees the drop as a possible opportunity but warns that the 10 largest customers made up 82% of fiscal 2026 revenue and that cloud providers are investing in proprietary chip design, so a full position is not yet warranted; the author would add shares gradually as custom chip sales grow in line with management's expectations.
- Buying This Stock Right Now Could Be a Once-in-a-Generation Opportunity
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.
- Marvell Technology Will Heat Up Very Soon and I'm Buying in Advance
Marvell Technology (MRVL) fell 17.24% in the week ended October 16 to $227.83, after a 168.54% year-to-date gain. The article describes Marvell as a supplier of AI networking chips such as optical DSPs, Ethernet switches and custom silicon. Its Data Center revenue grew 21%, 27% and 46% over recent quarters, and management guided Q3 Data Center growth to about 75% on total revenue of $3.150 billion. A warrant granted to Google could let it acquire up to 7% of Marvell's shares, tied to revenue targets, while non-GAAP operating margin rose to 36.6% from 34.8%. Key risks cited include Data Center making up 79% of revenue, customer concentration, Chinese trade restrictions and $4.963B of debt.
- Marvell Is Up 214% in 2026 While Broadcom Is Only Up 3%: Take Profits on MRVL Stock, or Hold On for the Ride?
Marvell Technology (MRVL) trades at $266.27, up 214% year to date, versus 3% for Broadcom (AVGO) at $356.16, 22% for NVIDIA (NVDA) at $227.18, and 79% for the iShares Semiconductor ETF (SOXX). At its early-October investor day, Marvell raised its custom AI silicon forecast, set a long-range revenue ambition reaching into the tens of billions of dollars, and showed a new high-capacity data center switch. The article explains that Marvell's custom chips serve a small number of very large customers, so a single design win or loss can swing revenue sharply. Supporters argue hyperscale design commitments give multi-year visibility, while skeptics say the rally prices in execution not yet delivered and that customer concentration adds risk. Key things to watch are whether revenue from the raised custom forecast appears in upcoming reports and whether orders for the new switch follow.
- Marvell Stock Is on a Bad Run, but Microsoft’s New AI Chips Can Revive It
- Marvell Technology (MRVL) Forms Cloud Security Alliance After New CXL And Connectivity Launches
Marvell Technology (MRVL) introduced six channel CXL memory expander products for AI and cloud data center workloads and announced new high-speed copper connectivity solutions, including the Alaska E 3.2T and Alaska A 1.6T DSP devices. The company also helped form a new Open Compute Project working group with Microsoft and Oracle to define server-level silicon security standards. The article links these launches to guided revenue of US$12b for FY27 and US$18b for FY28, and says investors should watch for design win announcements and sampling updates naming these products.
Related markets
Latest news
- Trifecta Gold Announces Drill Results from Rye Project, Yukon
Trifecta Gold reported 2026 drilling results from its Rye Project in Yukon, completing 1,852 m across six holes. Hole RY-26-07 cut a gold zone from 256.03 m to 296.00 m, with every sample at 0.1 g/t gold or more, and RY-26-11 intersected 1.02 m grading 0.19 g/t gold. The company said it will shift its focus to other prospects in its recently acquired portfolio. Holes RY-26-10 and RY-26-12 returned no significant results.
- Vinhomes plans to raise VND 2,000 billion via bonds
Vinhomes has approved a plan to privately place domestic corporate bonds with a total face value of 2,000 billion VND. The bonds are non-convertible and asset-secured, carry a combination of fixed and floating interest rates, and have a face value of 100 million VND each with a 36-month tenor, to fund an investment project. Earlier, on September 24, 2026, Vinhomes issued 8,000 billion VND of bonds under code VHML12618, with a 24-month tenor and expected maturity on September 24, 2028. Based on the reviewed semi-annual 2026 consolidated financial statements, post-tax profit was nearly 52,038 billion VND, up 378% year on year, mainly as gross profit rose 53,500 billion VND. As of June 30, 2026, total assets rose 40% from the start of the year to over 1.1 million billion VND, while total liabilities exceeded 828,420 billion VND, up 52%.
- A member of Nam Tan Uyen's board resigns
NTC board member Nguyen Anh Phu Nguyen resigned for personal reasons, leaving five members on the board. NTC closed its record date for the 2025 cash dividend at 60% (VND 6,000 per share), an estimated VND 144 billion payout, of which PHR is set to receive about VND 47.3 billion. In Q3/2026, net revenue was over VND 79.3 billion, down 65.4% year on year, and net profit was nearly VND 46 billion, down 63.4%. Nine-month profit after tax reached over VND 216.9 billion, down 26.3%, completing 95.8% of the full-year profit target of VND 226.4 billion.
- Google stock gets shredded after earnings—here's 2 reasons why investors hated the quarter
Alphabet (GOOGL) shares fell about 10% in pre-market trading after its third-quarter report, even as Google Cloud grew 103%. Revenue of $127.57 billion and EPS of $2.12 both missed expectations of $128.2 billion and $3.02. Search sales of $63.4 billion came in below the $64.9 billion expected, fueling concerns about competition from Claude and ChatGPT. Free cash flow was negative $9.1 billion versus a negative $3.5 billion estimate, in a market already jittery about negative free cash flow at Big Tech. Pivotal Research CEO Jeffrey Wlodarczak said consumers interact with less advertising when using Google search and AI, while AI users (1 billion) and queries are at a 5-year high.
- Session 29/10: Foreign investors extend net selling to over VND 400 billion, with diverging trades in two bank stocks
On HoSE, foreign investors net sold VND 459 billion, while across the whole market they net sold VND 430 billion. The VN-Index fell 11 points to 1,756 points, with HoSE matched value at VND 12,680 billion. VPB led net buying by foreign investors at about VND 83 billion, while TCB saw the largest net selling at about VND 118 billion. On HNX, foreign investors net bought VND 27 billion, and on UPCoM they net bought VND 2.5 billion.
- Cathie Wood Is Buying Archer Aviation Stock. Here's What History Says About Following Ark Into a Stock Down 62%.
Archer Aviation (ACHR) shares have fallen roughly 62% over the past year and trade almost 69% below their lifetime high. Ark Invest CEO Cathie Wood has been treating these large valuation pullbacks as buying opportunities. Over the past five years, the Ark Innovation ETF (ARKK) has seen its share price decline roughly 30%, while the S&P 500 recorded a total return of roughly 80%. The article attributes part of this underperformance to Ark buying more of stocks that were falling sharply in 2021 and 2022, including Teladoc (down 95% over five years), Zoom (down 65%) and Ginkgo Bioworks (down roughly 98%). It argues that Ark's track record is not a meaningful indicator for Archer, whose key drivers are testing and certification progress for its Midnight eVTOL aircraft and contributions from aviation businesses it is acquiring from Boeing, and that investors should not read too much into the performance of Ark's funds.
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.