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.
Marvell Technology and Western Digital both experienced their worst weekly stock declines since 2001, dropping about 28% despite raising their earnings guidance. The selloff was largely driven by election results and concerns over AI data center poli...
Marvell Technology has been upgraded to a Buy rating with a new fair value of $187.35 standalone and $199.48 including its acquisition of Lumentum. The upgrade follows improved fiscal guidance for 2028 and 2031, along with a significant contract win ...
Marvell Technology's stock dropped over 50% in one month following its all-stock acquisition of Lumentum, causing significant dilution concerns among investors. Despite the steep decline, analysts remain optimistic, with an average price target sugge...
Marvell Technology raised its fiscal 2028 revenue outlook to about $18 billion, signaling strong business momentum, yet its stock dropped over 30% recently due to concerns over dilution from an all-stock acquisition of Lumentum. Despite the selloff, ...
AMD is under pressure not only from Nvidia but also from Intel and Broadcom. Intel reported its strongest data center growth in 15 years, boosting demand for its Xeon server CPUs, directly competing with AMD's EPYC processors. Meanwhile, Broadcom's c...
