Marvell Technology's stock has dropped about 34% from its summer peak despite strong business fundamentals, including record revenue growth and raised guidance. The company, which focuses on AI and data center chips, recently expanded its partnership with Google and expects data center revenue to more than double by fiscal 2028. While the chip sector selloff and concerns over hyperscaler spending have pressured the stock, analysts remain bullish, with an average 12-month target price implying 30% upside and one outlier target at $400 suggesting an 83% gain. Investors are watching the upcoming October 6 Investor Day for potential catalysts that could drive a revaluation.
As of Sep 15, 2026 22:02 WIB, Marvell Technology Inc (MRVL) trades at USD 224.00 on Pluang, showing a 1-day gain of 2.37%. The stock's market capitalization stands at $196.65 billion, reflecting its significant presence in the technology sector. This current trading level provides context to the article's discussion of Marvell's recent price movements and analyst outlooks.
Marvell Technology faces new competition as Qualcomm enters Amazon's AI custom silicon and optical connectivity ecosystem. Despite this, Marvell's data-center revenue grew 46% year-over-year in Q2 FY2027, prompting management to raise revenue forecas...
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Marvell Technology's stock rose 5% following Piper Sandler's initiation of coverage with a $270 price target, citing the company's expanding role in AI data centers and custom silicon solutions. CEO Matt Murphy described Marvell as the "Switzerland o...
