MRVL Stock Recent News

Astera Labs gains edge over Marvell Technology with AI-focused innovations, partnerships, and market momentum in next-generation connectivity.

Marvell is a leading fabless chip designer, benefiting from surging data center demand, especially in AI-driven applications. Key growth catalysts include major supply agreements with AWS and Microsoft, positioning Marvell alongside industry giants like Broadcom. The company is improving profitability through cost-cutting and margin expansion, while hyperscaler concentration and trade risks remain watchpoints.

Every month it seems like one company or another announces it is increasing its budget for artificial intelligence (AI) data centers. Last month, Alphabet released plans for $85 billion in capital expenditures (capex) this year, up from its original 2025 outlook of $75 billion.

Massive Revenue Projections: A recent Wall Street estimate suggests that Marvell's deal with Microsoft could generate $2.4 billion in revenue by 2026 and $10 to $12 billion by 2027, potentially exceeding the company's overall revenue expectations with just one custom chip deal.

I reiterate my buy rating on Marvell, raising my price target to $108, driven by strong AI/data center demand and robust earnings growth. Marvell's Q1 results beat expectations, with data center revenue surging and management guiding for continued sales growth, especially in ASICs. Valuation remains attractive with a PEG below 1.5x and EPS compounding above 20%, supported by bullish analyst revisions and solid free cash flow.

AI Won't Run Without Marvell Technology

For much of the year, Marvell Technology (MRVL 0.56%) stock has been struggling. And its year-to-date performance (as of Aug. 4) still isn't good: It's down 31%.

Jim Cramer believes you should steer clear of the first growth stock. He believes better days are ahead for the second stock.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

In the latest trading session, Marvell Technology (MRVL) closed at $75.32, marking a -1.71% move from the previous day.