Marvell Technology reported record revenue of $2.739 billion last quarter, driven by a 46% year-over-year increase in Data Center sales, which now make up 79% of total revenue. The company raised its revenue guidance for Q3 and fiscal years 2027 and 2028, expecting over 50% growth and significant expansion in its custom silicon business, including a major deal with Alphabet. Despite strong fundamentals and analyst upgrades, Marvell's stock trades nearly 20% below its 52-week high due to recent sector-wide declines in AI hardware stocks and high valuation multiples. Upcoming catalysts such as Investor Day details on fiscal 2029 targets and quarterly earnings reports will be key to determining if the stock can close the gap or face further pressure.
Marvell Technology trades at USD 263.65 on Pluang, down 0.21% as of Oct 01, 2026 19:51 WIB, still nearly 20% below its 52-week high of USD 316.43. Despite the recent sector-wide pressure on AI hardware stocks, Pluang order activity favors buying Marvell at 68%, indicating investor interest in the stock's growth potential. Alphabet, a key partner in Marvell's custom silicon expansion, trades at USD 349.40, up 1.55%, with a strong market cap of $4.19 trillion on Pluang.
Rambus, a maker of memory interface chips for AI servers, is trading well below its 52-week high but shows strong growth potential due to rising AI demand. The company reported a 20.43% revenue increase in fiscal Q2, beating estimates, and secured a ...
Marvell Technology has increased its fiscal 2028 revenue guidance to $18 billion, supported by broad connectivity growth and significant expansion in optics, including near-packaged optics (NPO). The company expects operating margins to reach 38-40% ...
Marvell is transforming its business into two main segments: high-margin connectivity products and rapidly growing custom silicon designed for hyperscalers. This strategic shift positions Marvell as a key player in AI infrastructure. While the compan...
Marvell Technology's stock has soared 210% in 2026, outperforming major peers like NVIDIA and Broadcom, driven by strong AI and data center demand. The company raised its revenue outlook with record quarterly sales and expanding custom silicon agreem...
Marvell Technology has raised its revenue guidance for fiscal years 2027 and 2028 to $12 billion and $18 billion respectively, reflecting strong growth in AI networking, electro-optics, and memory interconnect sectors. This optimistic outlook is supp...
