Track market-moving stories before they get noisy

Atlatl Advisers LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ: MRVL) during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,860 shares of the semiconductor company's stock, valued at approximately $4,719,000. Marvell Technology makes up

The article provides a methodology for selecting high-growth dividend-paying stocks, focusing on dividend growth and sustainability rather than high current yield. We use our proprietary models to rate both quantitatively and qualitatively and select the top 10 names from an initial list of nearly 500 dividend stocks. The final list of ten stocks is chosen based on sector diversity, high-growth quality scores, and positive momentum, and is suitable for investors in the accumulation phase.

Arm just handed hyperscalers a shortcut around the custom chip work that made Marvell a challenger to Broadcom, and one of these companies is pricing its silicon far too low to ignore.

Arm Holdings (NASDAQ:ARM | ARM Price Prediction) and Marvell Technology (NASDAQ:MRVL) both reported this summer, and their AI data center businesses now compete for the same customers. Arm moved beyond licensing into finished silicon with its AGI CPU. Marvell, the main custom-silicon challenger to Broadcom (NASDAQ:AVGO), raised its outlook again. Arm’s ready-made blueprints could reduce the custom design work Marvell sells.

Royalties Hum at Arm as Custom Chips Ramp at Marvell
Arm’s fiscal first-quarter revenue reached $1.29 billion, up 22%. The pace is solid even as smartphone volumes reduce. Data center royalties “more than doubled year over year once again.” AGI CPU demand “now exceeds $2 billion,” but the supply Arm has locked in only covers the initial $1 billion opportunity. Orders exceed available wafers and substrates, which limits near-term sales.

Marvell posted record revenue of $2.739 billion, up 37%. Data center sales made up 79% of total revenue, so the business now depends heavily on hyperscaler spending. CEO Matt Murphy said “AI-related bookings remain exceptionally robust.” An expanded deal with Google, part of Alphabet (NASDAQ:GOOGL), covers chips that attach to Google’s TPUs, such as network cards, storage controllers and memory controllers. It also includes a warrant that lets Google buy up to 7% of Marvell’s shares.

Business Driver
Arm
Marvell

Growth Engine
Data center royalties, AGI CPU
Optics, switching, custom XPUs

Customer Pitch
One platform via IP, CSS, or silicon
Customization at “every hop in the network”

Next-Quarter Revenue Guide
$1.38 billion
$3.15 billion

Ready-Made Blueprints Strike at Marvell’s Core Pitch
Marvell earned its challenger role against Broadcom by designing custom chips for cloud giants. Arm now offers those same customers a shortcut: a pre-validated Compute Subsystem (CSS) or a finished AGI CPU. Chief executive Rene Haas said customers “can deploy ARM through IP, compute subsystems or silicon, depending on what best fits your business.” Each hyperscaler that uses an off-the-shelf Arm design instead of ordering a custom CPU leaves one less project for a design partner like Marvell.

Arm also appears willing to accept thinner margins to win those chip slots. First-generation AGI CPU gross margin should land in the “high 30% range, maybe low 40s,” well below Marvell’s 58.9% non-GAAP gross margin. Marvell’s defense is in the chips that sit around the processor. Murphy said earlier forecasts for these XPU-attached products had been “under-called,” and scale-out switching should more than double in fiscal 2027.

AGI CPU Margins Will Decide Who Owns the Socket
I will be watching Arm’s fiscal third-quarter report, where management promised more detail on AGI CPU revenue and margin. You should keep an eye on whether Marvell’s custom business more than doubles in fiscal 2028 as guided. Both stocks have pulled back. Arm fell 36.94% over the past month, and Marvell lost 14.8%.

Why Marvell Holds the Near-Term Edge Until Arm’s Silicon Proves Out
Marvell offers more near-term visibility right now. Its bookings are visible, its non-GAAP operating margin expanded to 36.6% from 34.8%, and its optics business sits where Arm has little presence. Arm is valued at about 248 times earnings. That price assumes the chip business succeeds, which is still unproven. Arm also faces a licensing lawsuit headed to trial in Q4 2026. I would change my view if AGI CPU margins reach the 50% target early and more hyperscalers trade custom CPUs for Arm’s blueprints.

Contact [email protected] for any questions or corrections.

Key Takeaways Marvell's fiscal Q2 2027 revenues rose 36.5% year over year to $2.74 billion, driven by hyperscaler demand.MRVL's scale-out switching revenues are expected to more than double in fiscal 2027. Marvell expects custom silicon revenues to more than double year over year in fiscal 2028.
Marvell Technology (MRVL - Free Report) is benefiting from rising demand for artificial intelligence (AI) infrastructure, with its custom silicon, optical interconnect and switching solutions driving strong data center growth. The company’s expanding partnerships and broader product portfolio are strengthening its position in next-generation AI systems. However, margin pressures, customer concentration and a premium valuation remain key considerations for investors.

Marvell’s second-quarter fiscal 2027 revenues increased 36.5% year over year to $2.74 billion, driven by hyperscalers, as they continued investing in AI infrastructure. Demand for 800G optical digital signal processors (DSPs) remained strong, while next-generation 1.6T products ramped up rapidly. Meanwhile, scale-out switching revenues are expected to more than double in fiscal 2027, supported by growing adoption of its 51.2T switching products.

Marvell expects its custom silicon business to accelerate in the second half of fiscal 2027, with revenues projected to more than double year over year in fiscal 2028. Demand for custom accelerators and related connectivity solutions is creating opportunities as hyperscalers develop increasingly sophisticated AI systems.

The company is also expanding its networking capabilities across scale-up, scale-out and scale-across architectures. Its strategic partnership with NVIDIA strengthens its participation in next-generation AI infrastructure through NVLink Fusion integration, optics and related connectivity technologies. Recent acquisitions of Celestial AI and XConn Technologies further broaden its technology portfolio.

How Competitors Fare Against MRVLIn the data center market, MRVL faces stiff competition from Broadcom (AVGO - Free Report) and Advanced Micro Devices (AMD - Free Report) .

Broadcom is a leader in the domain of custom silicon solutions for data centers. Broadcom’s advanced 3.5D XDSiP packaging platform is critical to ensure the performance and efficiency of custom AI XPUs. Broadcom’s relationships with leading hyperscale and frontier AI customers give it direct insight into workload requirements and help shape differentiated accelerators. The company continues to work with six core XPU customers across multiyear programs.

Advanced Micro Devices is another established player in the custom silicon solutions and AI accelerator market. Advanced Micro Devices offers semi-custom SoCs and Instinct Accelerators to power data centers. AMD is broadening its data center AI opportunity from Instinct accelerators to the Helios rack-scale platform. In the second quarter of 2026, Data Center revenues rose 107% year over year to $6.7 billion, while Instinct sales more than doubled.

MRVL's Price Performance, Valuation and EstimatesMarvell Technology shares have rallied 188.1% year to date, outperforming the Zacks Electronics - Semiconductors industry and  Zacks Computer and Technology sector’s appreciation of 16% and 18%, respectively.

MRVL YTD Performance Chart
Image Source: Zacks Investment Research

MRVL stock is trading at a Price-to-Sales (P/S) multiple of 11.10X, higher than the Zacks Electronics - Semiconductors industry’s P/S multiple of 4.63X.

MRVL Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for MRVL’s fiscal 2027 earnings indicates year-over-year growth of 48%. Estimates have been revised upward in the past 30 days.

Image Source: Zacks Investment Research

Marvell Technology currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Marvell Technology (MRVL - Free Report) closed the most recent trading day at $244.67, moving +1.77% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.58%. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.05%.

The chipmaker's stock has dropped by 8.36% in the past month, falling short of the Computer and Technology sector's loss of 2.67% and the S&P 500's gain of 0.97%.

The investment community will be closely monitoring the performance of Marvell Technology in its forthcoming earnings report. The company is predicted to post an EPS of $1.1, indicating a 44.74% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.16 billion, showing a 52.17% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $4.21 per share and revenue of $12.05 billion, which would represent changes of +48.24% and +47.01%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Marvell Technology. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.15% higher within the past month. Marvell Technology is holding a Zacks Rank of #3 (Hold) right now.

In terms of valuation, Marvell Technology is currently trading at a Forward P/E ratio of 57.06. This valuation marks a premium compared to its industry average Forward P/E of 32.23.

It is also worth noting that MRVL currently has a PEG ratio of 5.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 1.13 based on yesterday's closing prices.

The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 171, finds itself in the bottom 31% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Wall Street just sold off three AI infrastructure stocks hard, but their latest earnings tell a completely different story. The real AI build-out runs deeper than the obvious names, through optical lasers, custom silicon, and raw electricity.

The biggest AI names are already crowded. The expansion also runs through three less obvious layers: the lasers that move data, the custom chips that process it and the electricity that powers it.

Coherent (NYSE:COHR | COHR Price Prediction), Marvell Technology (NASDAQ:MRVL) and Vistra (NYSE:VST) are all growing fast on the same wave of demand, and the market just sold all three. Over the past month, Coherent fell 27.76%, Marvell dropped 6.35% and Vistra is down nearly 10% from its one-month high.

Their latest results point the other way.

Coherent Is Turning AI Traffic Into Light Coherent makes the optical transceivers, indium phosphide lasers and co-packaged optics that carry data between processors and switches inside AI data centers. As clusters get bigger, copper can’t cover the distances, so optical links take over. The CEO, Jim Anderson, summed it up on the August earnings call: “AI runs on compute, but it scales on optical connectivity.”

Revenue for the fiscal fourth quarter reached $2.0455 billion, up 34%. Non-GAAP EPS came in at $1.74, beating the $1.62 estimate. The Datacenter & Communications segment made up 79% of sales. For the first quarter of fiscal 2027, management expects revenue of $2.2 billion to $2.4 billion.

NVIDIA (NASDAQ:NVDA) has announced a $2 billion equity investment in Coherent. Coming from the company at the center of AI hardware, that’s strong outside validation of Coherent’s technology. It does not come with a purchase commitment or a revenue guarantee. Shares traded around $232.26 on Tuesday, Oct. 20, and are still up 19.52% year to date.

Risk: With a P/E near 60, a miss would likely hit the stock hard. Coherent also carries $3.2 billion of long-term debt while it spends heavily to add capacity.

Marvell Is Building the Custom Chips Hyperscalers Want Marvell designs custom AI accelerators for cloud giants, plus the optical DSPs and switches that connect them. Revenue for the second quarter of fiscal 2027 rose 37% to $2.739 billion. Non-GAAP EPS of 94 cents beat the 93-cent estimate. Q3 guidance calls for $3.150 billion in revenue, plus or minus 5%.

At its Oct. 6 investor day, Marvell set a fiscal 2028 revenue target of about $20 billion and a fiscal 2031 target of $70 billion to $90 billion. These are company goals several years out, and they depend on customer programs ramping on schedule. We treat them as long-range dreams. They also show how big management thinks the custom chip business has become since it expanded its agreement with a major hyperscaler, which the CEO called “game-changing”.

The stock traded around $241.38 on Oct. 20, even after a more than 170% year-to-date run. The case rests on fiscal 2029 and beyond, where management sees “a lot of upside bias” in custom revenue.

Risk: A small number of hyperscalers drive most data center sales. Management also expects gross margin to dip from the prior quarter in the third quarter as custom silicon ramps.

Vistra Sells the Power AI Data Centers Need Revenue fell to $4.017 million from $4.250 million a year earlier. Over the same period, adjusted EBITDA rose 31% to $1,767 million. Adjusted EBITDA is earnings before interest, taxes, depreciation and amortization, with items like unrealized hedge swings also stripped out. It’s a rough measure of operating cash earnings and runs far above net income, which was $305 million.

Hedging explains the gap. Vistra uses derivatives to lock in prices for its future output, and it has to revalue those contracts every quarter. This quarter that revaluation produced $472 million of unrealized losses, which exist only on paper. Adjusted EBITDA leaves those swings out and shows what the power plants actually earned, helped by realized prices about five percent higher.

Management confirmed 2026 adjusted EBITDA guidance of $6.8 billion to $7.6 billion. Vistra has also committed up to $1.0 billion to a joint venture that includes NVIDIA, where Vistra is the preferred power provider. Shares traded around $150.39 on Oct. 20, down nearly 9% year to date. Of the three, Vistra’s price falls behind its growth the most.

Risk: Vistra’s risks differ from those of the two chip and component suppliers. Its earnings depend on power prices, weather and grid regulation. The CFO said 2027 is “trending towards the lower end” of its range because ERCOT forward prices fell. Third-quarter results are due Nov. 6.

What October’s Selloff Means for AI Infrastructure Investors All three companies reported strong growth and confident guidance, and all three sold off anyway. Coherent and Marvell offer faster growth, along with the risk of depending on a few customers and tight supply. Vistra offers hedged cash flow tied to power markets. Right now the business results are improving faster than the share prices.

Contact [email protected] for any questions or corrections.

Marvell Technology (MRVL - Free Report) closed the most recent trading day at $240.42, moving +1.4% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq lost 0.02%.

Shares of the chipmaker witnessed a loss of 7.88% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.28%, and the S&P 500's gain of 0.67%.

Market participants will be closely following the financial results of Marvell Technology in its upcoming release. In that report, analysts expect Marvell Technology to post earnings of $1.1 per share. This would mark year-over-year growth of 44.74%. At the same time, our most recent consensus estimate is projecting a revenue of $3.16 billion, reflecting a 52.17% rise from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $4.21 per share and revenue of $12.05 billion, which would represent changes of +48.24% and +47.01%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Marvell Technology. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% higher. Marvell Technology currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Marvell Technology is currently trading at a Forward P/E ratio of 56.27. This signifies a premium in comparison to the average Forward P/E of 32.3 for its industry.

Investors should also note that MRVL has a PEG ratio of 5.12 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Electronics - Semiconductors industry had an average PEG ratio of 1.11 as trading concluded yesterday.

The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 167, this industry ranks in the bottom 33% of all industries, numbering over 250.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Goldman's prime brokerage data caught hedge funds slashing chip stocks at a pace not seen in over a decade, and the question now is whether that selling cleared the air or set up a longer retreat for one of the…

Hedge funds sold technology stocks at the fastest rate in at least a decade during the week through October 15, 2026. That comes from prime brokerage data from Goldman Sachs (NYSE:GS | GS Price Prediction) reported on October 19, and semiconductors took the largest dollar hit.

Chip stocks bounced on Monday, October 19. NVIDIA (NASDAQ:NVDA) rose 1.38% to finish at $217.09, and the iShares Semiconductor ETF (NASDAQ:SOXX) gained 1.73% to $501.93.

For holders of either one, what matters is whether the selling cleared out weaker holders or started a longer retreat. The data covers only Goldman’s prime book, meaning the hedge funds that use the bank for financing and trade execution, so it is a large sample of the industry and still only a sample.

Funds Sold Shares They Already Owned Goldman described the selling mainly as long liquidation. In other words, funds sold shares they already held and did not open many new short positions, which profit when a stock falls.

That matters because long liquidation stops once funds have cut what they wanted to trim, while a fresh bearish thesis can keep pushing prices down for weeks. It points to weaker confidence and a less firm view that chips are overpriced.

The selling was broad. Information technology had its largest cut in gross positions in two months, and global equities were net sold at two standard deviations against the past year’s flows.

The Nasdaq 100 dropped 5.5% for the week. That was its worst week since April 2025.

Leverage Fell, but Tech Is Still Crowded Net leverage measures how far funds’ long positions outweigh their shorts, and it fell to 48.6%, a one-year low. Funds now carry less risk, giving them room to buy later but also meaning fewer buyers would step in if selling resumes.

Tech still made up 23.5% of Goldman’s global prime book after the selling. That share sits in the 90th percentile of the past five years, so funds still hold a lot of tech by historical standards and could sell more.

The stocks that fell the most bounced back the most on October 19. Marvell Technology (NASDAQ:MRVL) rose 4.06% after a 10.82% one-week drop. Lam Research (NASDAQ:LRCX) gained 3.13% after falling 12.07%.

Nvidia fell less than its peers during the selloff. It fell 4.08% over the week, compared with 7.88% for SOXX.

Nvidia is up 16.67% year to date, while SOXX has gained 66.96%, so the broader chip group has far more recent profit that funds could still lock in.

Why Nvidia’s Steadier Week Could Matter if Selling Resumes The selling looks like profit-taking by funds that still own plenty of tech, and Nvidia was the steadiest large chip stock through it. Its smaller gain in 2026 also means funds have less profit to take in Nvidia than in the wider chip group.

SOXX gives you broader chip exposure. Its sharper weekly drop and much larger gain this year make it more vulnerable if crowded tech positions keep unwinding, which is the whole question our free bubble survivor’s handbook is built around, so the fund carries more downside risk than Nvidia in that scenario.

If Nvidia closes back below $214.13, the level it rebounded from on October 19, the selling has probably not run its course. A move back toward $226.32, where it closed on October 12, would mean the funds have finished selling.

Contact [email protected] for any questions or corrections.

The next Marvell (NASDAQ: MRVL) dividend, the last one this year, is scheduled to come late next week.

Namely, the semiconductor company is once again going to reward shareholders with $0.06 per share on Thursday, October 29, with investors as of October 10 being eligible for the payout.

MRVL dividend schedule. Source: Dividend.com
Accordingly, 100 MRVL shares are going to yield $6 in quarterly Marvell stock dividends next week. Based on the current MRVL stock price of $237.09, such an investment is worth $23,709 at press time. At the ex-dividend date price of $275.28, it was worth $27,528.

Doing the math, 50 shares are going to net $3, while 200 shares are going to net $12. To get $100 in quarterly dividends, investors will need to hold 1,667 shares, a position now worth $395,151.

Marvell dividend still continues unchanged
As such, the payout remains unchanged since the company started paying dividends in 2012. Indeed, the only changes made to the dividend included the total yearly payout, which was a bit lower in 2017, as one quarter went without dividends.

Marvell offers investors a modest dividend yield of 0.1%, per Dividend.com estimates, significantly below the technology sector’s average yield of 1.37%. It also pays dividends quarterly, providing shareholders with passive income four times a year, with some already mentioned historical exceptions. 

However, the current yield suggests that dividend income remains a relatively small part of the overall investment case. Indeed, Marvell’s forward payout ratio stands at just 3.30%, indicating that the company distributes only a small portion of its projected earnings as dividends. 

For investors pursuing dividend-capture strategies, Marvell’s average price recovery period is 6.7 days. This metric estimates how long the stock typically takes to recover its pre-dividend price after the ex-dividend date, although actual recovery times can vary based on broader market conditions.

Featured image via Shutterstock

Best Crypto Exchange for Intermediate Traders and Investors

Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

Copy top-performing traders in real time, automatically.

eToro USA is registered with FINRA for securities trading.

30+ million
Users worldwide

Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Join Finbold's newsroom, become a Sales Executive today!

Apply now to join Finbold as a crypto/finance news writer!

Marvell Technology shed 17% in a single week after one of the strongest runs in the AI trade, and that gap between the selloff and the business fundamentals is exactly what makes the timing interesting right now.

AI investors have reason to track Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction), and last week brought a sharp decline. Shares fell 17.24% in the week ended October 16 to $227.83, after a 168.54% year-to-date run. The next earnings report will show how fast the business is moving.

Why Marvell Sits at the Center of AI Networking
Marvell builds parts that let AI chips talk. These include optical DSPs, Ethernet switches, and custom silicon designed alongside hyperscalers. Clusters keep getting bigger, and every bigger cluster needs more bandwidth. Management addressed bandwidth needs for these multi-site networks.

The needs are projected to be more than 10 times greater than current front-end networks. Marvell sells that connectivity. It is one of several suppliers we profiled in a free report on the companies powering the AI buildout outside the chipmakers.

Three Data Points Driving Marvell’s Growth Case
First, growth is speeding up. Data Center revenue grew 21% in Q4 FY2026, then 27%, then 46% last quarter. Management guided Q3 Data Center growth to roughly 75% year-over-year on total revenue of $3.150 billion. Fiscal 2027 revenue should reach roughly $12 billion.

Second, the deal with Alphabet (NASDAQ:GOOGL) unit Google changes how big the custom business can get. Marvell granted a warrant letting Google acquire up to 7% of its shares, tied to revenue targets. Custom revenue should more than double year over year in fiscal 2028. When an analyst cited a $120 billion cumulative revenue opportunity over six years, management replied, “your math is not wrong.”

Third, margins are expanding. Non-GAAP operating margin rose to 36.6% from 34.8%, and management expects to enter its 38% to 40% target range in Q4. Q3 non-GAAP EPS guidance of $1.10 compares with $0.94 last quarter.

How Marvell Stacks Up Against NVIDIA and AMD
While NVIDIA (NASDAQ:NVDA) dominates AI, its financing exposure keeps growing. Supply commitments reached $279 billion, guarantees for AI cloud partners are limited at $108.5 billion, and days sales outstanding rose to 60 days from 45 days on extended payment terms. If credit tightens for AI builders, Marvell’s biggest partner is Google, a company that designs and pays for its own chips.

Advanced Micro Devices (NASDAQ:AMD) trades at a P/E of about 199, and its non-GAAP operating margin of 27% trails Marvell’s. Data Center makes up only 58% of AMD’s revenue, so AMD offers less focused exposure to the AI expansion.

Risks That Could Derail Marvell’s Run
Concentration concerns me. Data Center now makes up 79% of revenue, a few customers drive much of it, and any hyperscaler could bring more chip design in-house. Chinese trade restrictions and $4.963B of debt due in future years add risk. The stock also swings hard: it fell 10.28% on the day it reported a beat in August.

A strong balance sheet protects against those risks. Net debt runs just 0.27 times EBITDA. The Google warrant gives Marvell’s largest partner a stake in keeping the relationship going. Over the last seven quarters, Marvell reported six beats and no misses.

What to Watch as Marvell’s AI Business Scales
The quarterly dividend is only $0.06, so Marvell offers little for income-focused investors and stands primarily as a growth story. Buybacks of $2.0401B in fiscal 2026 returned capital to shareholders. With Data Center growth expected to top 60% in fiscal 2028, investors will watch whether bookings and margins keep pace with that outlook.

Contact [email protected] for any questions or corrections.

Counterpoint Mutual Funds LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,964 shares of the semiconductor company’s stock, valued at approximately $10,559,000. Marvell Technology makes up about 0.9% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Focused Wealth Management Inc bought a new position in Marvell Technology in the first quarter valued at $608,000. Swedbank AB boosted its holdings in shares of Marvell Technology by 2.8% in the 1st quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock valued at $315,925,000 after buying an additional 85,816 shares during the last quarter. Merit Financial Group LLC increased its holdings in Marvell Technology by 22.9% during the second quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock worth $8,067,000 after buying an additional 5,047 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Marvell Technology by 49.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company’s stock valued at $27,105,000 after purchasing an additional 90,800 shares during the period. Finally, Swiss National Bank lifted its stake in Marvell Technology by 5.4% in the 1st quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock valued at $246,536,000 after purchasing an additional 126,600 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance
Shares of NASDAQ:MRVL opened at $227.83 on Friday. The firm’s fifty day moving average is $241.14 and its 200-day moving average is $216.11. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The firm has a market cap of $199.78 billion, a PE ratio of 75.19, a price-to-earnings-growth ratio of 6.79 and a beta of 2.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business earned $0.67 EPS. The company’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.
Marvell Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.

Analyst Ratings Changes
A number of equities analysts have commented on MRVL shares. Benchmark reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Monday, August 24th. Rosenblatt Securities boosted their price objective on shares of Marvell Technology from $240.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Bank of America lifted their price target on shares of Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $325.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Finally, Royal Bank Of Canada raised their target price on shares of Marvell Technology from $360.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $327.36.

Check Out Our Latest Stock Analysis on MRVL

Insider Activity at Marvell Technology
In related news, insider Sandeep Bharathi sold 3,685 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total value of $865,864.45. Following the transaction, the insider owned 58,748 shares of the company’s stock, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Justin Scarpulla sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the completion of the transaction, the chief accounting officer owned 909 shares in the company, valued at $248,693.31. This represents a 54.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,285 shares of company stock worth $12,837,063 over the last three months. 0.12% of the stock is currently owned by company insiders.

More Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Marvell’s recent Investor Day highlighted strong expected demand for custom AI chips, data-center infrastructure and networking silicon. The company raised its long-term sales outlook, supporting the view that it could deliver substantial revenue and earnings growth. Long-term Marvell growth outlook
Positive Sentiment: Erste Group Bank reportedly increased its earnings-per-share forecast for Marvell, while other analysts remain optimistic about the company’s growth potential in AI and data-center markets. Marvell EPS forecast increase
Neutral Sentiment: CEO Matthew Murphy sold 7,500 shares, and insider Sandeep Bharathi sold 3,685 shares. Both transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as signals about the company’s outlook. Marvell CEO SEC filing Marvell insider SEC filing
Negative Sentiment: Broadcom CEO Hock Tan’s warning about the amount of capital required to fund AI infrastructure is weighing on custom AI-chip companies, including Marvell. Investors fear that hyperscalers may become more selective with spending or demand better returns, particularly after Marvell’s substantial rally. Broadcom AI funding warning
Negative Sentiment: Hotter U.S. inflation data and rising interest-rate expectations have triggered a broader technology and semiconductor sell-off. High-growth stocks such as Marvell are particularly vulnerable because their valuation depends heavily on future AI-driven earnings. Marvell market pressure

Marvell Technology Profile
(Free Report)

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.

Read More

Five stocks we like better than Marvell Technology
Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
Does the AI Selloff Put Alphabet’s Breakout in Doubt?
Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Cyndeo Wealth Partners LLC purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,424 shares of the semiconductor company’s stock, valued at approximately $1,697,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MRVL. BlackRock Inc. grew its holdings in shares of Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after acquiring an additional 21,798,190 shares in the last quarter. State Street Corp raised its holdings in shares of Marvell Technology by 79.3% during the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after acquiring an additional 18,495,866 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Marvell Technology during the second quarter worth $2,607,795,000. Bank of New York Mellon Corp raised its holdings in shares of Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after acquiring an additional 4,815,725 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in Marvell Technology during the second quarter valued at $1,742,526,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Price Performance NASDAQ MRVL opened at $227.83 on Friday. Marvell Technology, Inc. has a fifty-two week low of $70.68 and a fifty-two week high of $329.88. The stock’s 50-day moving average is $241.14 and its two-hundred day moving average is $216.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The firm has a market cap of $199.78 billion, a P/E ratio of 75.19, a price-to-earnings-growth ratio of 6.79 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The business’s quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year. Marvell Technology Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Friday, October 9th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, October 9th. Marvell Technology’s payout ratio is 7.92%.

Insider Buying and Selling In related news, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $235.47, for a total transaction of $1,766,025.00. Following the completion of the sale, the chief executive officer directly owned 768,186 shares of the company’s stock, valued at approximately $180,884,757.42. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $262.05, for a total transaction of $2,620,500.00. Following the completion of the transaction, the chief operating officer owned 207,941 shares in the company, valued at $54,490,939.05. The trade was a 4.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,285 shares of company stock worth $12,837,063 over the last ninety days. Company insiders own 0.12% of the company’s stock.

Marvell Technology News Roundup Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Marvell’s recent Investor Day highlighted strong expected demand for custom AI chips, data-center infrastructure and networking silicon. The company raised its long-term sales outlook, supporting the view that it could deliver substantial revenue and earnings growth. Long-term Marvell growth outlook Positive Sentiment: Erste Group Bank reportedly increased its earnings-per-share forecast for Marvell, while other analysts remain optimistic about the company’s growth potential in AI and data-center markets. Marvell EPS forecast increase Neutral Sentiment: CEO Matthew Murphy sold 7,500 shares, and insider Sandeep Bharathi sold 3,685 shares. Both transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as signals about the company’s outlook. Marvell CEO SEC filing Marvell insider SEC filing Negative Sentiment: Broadcom CEO Hock Tan’s warning about the amount of capital required to fund AI infrastructure is weighing on custom AI-chip companies, including Marvell. Investors fear that hyperscalers may become more selective with spending or demand better returns, particularly after Marvell’s substantial rally. Broadcom AI funding warning Negative Sentiment: Hotter U.S. inflation data and rising interest-rate expectations have triggered a broader technology and semiconductor sell-off. High-growth stocks such as Marvell are particularly vulnerable because their valuation depends heavily on future AI-driven earnings. Marvell market pressure Analyst Upgrades and Downgrades A number of brokerages have commented on MRVL. Craig Hallum restated a “buy” rating and issued a $380.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. KeyCorp reaffirmed an “overweight” rating on shares of Marvell Technology in a research note on Wednesday, October 7th. B. Riley Financial reduced their price target on Marvell Technology from $345.00 to $315.00 and set a “buy” rating for the company in a report on Friday, August 28th. Erste Group Bank lowered Marvell Technology from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a research note on Tuesday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $327.36.

Check Out Our Latest Stock Report on Marvell Technology

Marvell Technology Company Profile (Free Report)

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.

Recommended Stories Five stocks we like better than Marvell Technology Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Focus Financial Network Inc. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,640 shares of the semiconductor company’s stock, valued at approximately $698,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. State Street Corp lifted its stake in Marvell Technology by 79.3% in the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after buying an additional 18,495,866 shares in the last quarter. Bank of America Corp DE acquired a new stake in Marvell Technology in the 2nd quarter worth about $2,607,795,000. Legal & General Group Plc acquired a new stake in Marvell Technology in the 2nd quarter worth about $1,742,526,000. Finally, Bank of New York Mellon Corp boosted its holdings in Marvell Technology by 153.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after buying an additional 4,815,725 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance Shares of MRVL stock opened at $227.83 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The firm’s 50-day moving average is $241.14 and its two-hundred day moving average is $216.11. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The company has a market capitalization of $199.78 billion, a PE ratio of 75.19, a price-to-earnings-growth ratio of 7.19 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current year. Marvell Technology Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Friday, October 9th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, October 9th. Marvell Technology’s dividend payout ratio is presently 7.92%.

Analyst Upgrades and Downgrades A number of brokerages have commented on MRVL. Weiss Ratings raised Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. BMO Capital Markets restated a “market perform” rating and issued a $325.00 target price on shares of Marvell Technology in a research report on Wednesday, October 7th. Rosenblatt Securities lifted their price target on Marvell Technology from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Susquehanna boosted their price target on Marvell Technology from $265.00 to $340.00 and gave the stock a “positive” rating in a research report on Wednesday, October 7th. Finally, Craig Hallum reiterated a “buy” rating and set a $380.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $327.36.

Check Out Our Latest Stock Report on Marvell Technology

Key Headlines Impacting Marvell Technology Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Marvell’s recent Investor Day highlighted strong expected demand for custom AI chips, data-center infrastructure and networking silicon. The company raised its long-term sales outlook, supporting the view that it could deliver substantial revenue and earnings growth. Long-term Marvell growth outlook Positive Sentiment: Erste Group Bank reportedly increased its earnings-per-share forecast for Marvell, while other analysts remain optimistic about the company’s growth potential in AI and data-center markets. Marvell EPS forecast increase Neutral Sentiment: CEO Matthew Murphy sold 7,500 shares, and insider Sandeep Bharathi sold 3,685 shares. Both transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards, reducing their significance as signals about the company’s outlook. Marvell CEO SEC filing Marvell insider SEC filing Negative Sentiment: Broadcom CEO Hock Tan’s warning about the amount of capital required to fund AI infrastructure is weighing on custom AI-chip companies, including Marvell. Investors fear that hyperscalers may become more selective with spending or demand better returns, particularly after Marvell’s substantial rally. Broadcom AI funding warning Negative Sentiment: Hotter U.S. inflation data and rising interest-rate expectations have triggered a broader technology and semiconductor sell-off. High-growth stocks such as Marvell are particularly vulnerable because their valuation depends heavily on future AI-driven earnings. Marvell market pressure Insiders Place Their Bets In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the sale, the chief operating officer owned 227,941 shares of the company’s stock, valued at $41,143,350.50. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the completion of the sale, the chief executive officer owned 775,686 shares in the company, valued at $173,280,495.54. This represents a 0.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 57,285 shares of company stock valued at $12,837,063. 0.12% of the stock is currently owned by insiders.

Marvell Technology Company Profile (Free Report)

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.

Further Reading Five stocks we like better than Marvell Technology Bank of America Stock Sell-Off Looks Like a Buying Opportunity AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff? GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Experienced investors know all too well that past performance is no guarantee of future results. Still, those same investors also know that sometimes one year's biggest winners can keep on trucking the following year.

Take artificial intelligence (AI) powerhouse Nvidia (NVDA -1.43%) as an example. After soaring more than 180% in 2024, shares of the technology giant gained another 35% in 2025, and are up more than 18% so far this year. Palantir Technologies is another big name with recent back-to-back yearly wins, rallying 367% in 2024 then logging a 122% gain the following year.

Of course, these gains were driven by their underlying companies being in the right place at the right time. That's in the artificial intelligence business just as it was reaching critical mass. Plenty of red-hot tickers don't follow through.

Take Novo Nordisk as an example. Its stock was all the rage in 2023 when the company's weight-loss drug Wegovy was gaining serious traction, driving the stock more than 50% higher that year. Although it started the next year with that same bullish momentum, after peaking in mid-2024, it ended up suffering a full-year setback of more than 16% that same year, and is still losing ground.

Image source: Getty Images.

The point is, momentum alone isn't a reason to own a particular stock. There's always more to the story.

With that as the backdrop, while there's obviously no assurance that they'll do as well in 2027, here's a rundown of the best-performing stocks of the Nasdaq-100 index through Oct. 14 of this year. This index-leading bullishness is at least worth exploring.

1. Moderna This year's best-performing Nasdaq-100 constituent is surprising in that the company isn't an AI-focused company, but rather a pharmaceutical name. The surprise is pared back, however, when you learn the stock is drugmaker Moderna (MRNA -7.82%). Shares are up 667% since the end of 2025, with the largest single piece of this gain materializing in mid-August in response to encouraging results from the phase 3 clinical trial of its intismeran autogene as a treatment for certain types of melanoma. That said, the FDA's approval of a flu vaccine as well as the stock's recent addition to the Nasdaq-100 index are also contributing to bullish sentiment.

MRNA Moderna$218.01-$18.49 (-7.82%)

NASDAQ · As of 4:00 PM ET 10/16/26

Just be careful if you're counting on a repeat. Regardless of its opportunity or the R&D progress this drugmaker is making, any 667% gain achieved in less than a year is a tough act to follow, even if intismeran autogene is approved as a melanoma treatment. The stock's priced as if that approval is a foregone conclusion.

2. Sandisk While Moderna may be a surprising addition to this list of 2026's top-performing Nasdaq stocks, Sandisk (SNDK -6.85%) isn't. This ticker is up more than 490% year-to-date, reflecting insatiable AI-driven demand for computer memory that has pushed DRAM prices roughly 50% higher (according to PC Part Picker), and about 400% higher since early 2024 (according to JPMorgan). Yet, the industry is still selling every memory chip it can make.

So why have Sandisk shares not only not budged since mid-year, but pulled back from July's peak?

SNDK Sandisk$1,299.30-$95.53 (-6.85%)

NASDAQ · As of 4:00 PM ET 10/16/26

It's not because the shortage has been shored up, if that's what you're thinking. JPMorgan expects DRAM prices to continue inching higher all the way through 2029, even if most of the shock price increase is in the rearview mirror. And rival memory maker Micron Technology's (MU -5.63%) CEO Sanjay Mehrotra agrees, expecting the shortage to persist at least through 2028. Indeed, Mehrotra recently reminded investors that 75% of Micron's output through the end of next year is already spoken for, none of which is earmarked for consumers.

Rather, this stock's recent weakness suggests that all of this future demand and pricing power is already reflected in the stock's price. It too could struggle to tack on more gains in the immediate future.

Or, maybe not. Keep reading.

3. Micron Technology It will come as no surprise to anyone that shares of Sandisk rival Micron Technology are also much higher this year. Following last year's gain of over 250%, this ticker's up another 220% since the end of 2025.

Just understand that it too seems to have stagnated and even slumped since the middle of this year for the very same reason. Investors may be afraid this company's past, present, and potential future growth is already priced in. Even if Micron is able to continue growing its top and bottom lines as expected this year and into 2027 -- from last year's revenue of $133 billion to $275 billion this year to $318 billion next year -- the ticker's total net upside from here may still be limited.

Except, perhaps it isn't. Despite this stock's heroic rally since the middle of 2025, analysts still support a consensus 12-month price target of $1,612 that's more than 90% above Micron's current price. The same analyst community also says Sandisk shares are worth $2,276 apiece, up more than 60% from where this stock is priced right now. The recent lull may only reflect investors' headline-prompted hesitation.

4. Marvell Technology Marvell Technology (MRVL -5.56%) may be the least familiar name on this list of the Nasdaq-100's top-performing tickers so far this year. It's most definitely earned its spot. Shares are up an impressive 188% since the end of 2025.

Marvell has found its place within the data center space by offering custom-built processors. While Nvidia-made hardware is still clearly carrying most of the AI industry's computing load, as time marches on and the business's engineers figure out what works best for their particular needs, they're finding more specialized hardware like that made by Marvell Technology can make more cost-effective sense.

Its numbers say as much too. Revenue through the first half of the year is up 32%, resulting in comparable earnings growth.

Perhaps more important, Marvell's ability to offer custom-built processing tech is a competitive edge that will only matter more in the foreseeable future, even if AI-driven demand for more mainstream, conventional hardware loses steam. Analysts' projected 2026 top-line growth of 47% and 63% growth next fiscal year are actually predictions that data center owners and operators won't necessarily spend less going forward, but will be more thoughtful about getting the most computing bang for their buck from their capital expenditures.

5. Advanced Micro Devices One of the names conspicuously missing from early discussions about AI was Advanced Micro Devices (AMD -5.96%). As a smaller GPU (graphical processing unit) name than Nvidia as well as a smaller CPU (central processing unit) name than Intel (INTC -5.79%), it just wasn't in a position to pry its way into the artificial intelligence business. That's why its stock underperformed following the late-2022 launch of ChatGPT that set off a frenzied AI race.

The company and its stock appear to have made up for lost time, though. Shares are up 188% year-to-date (matching Marvell stock's performance), reversing 2025's weakness.

Credit AMD's full foray into the artificial intelligence space, mostly. Its revenue growth of 44% through the first half of 2026 was led by data center growth of 81%, which accelerated to 107% in Q2 of this year alone. Data centers now make up more than half of the company's top line.

Like most other AI technology stocks, this one hasn't exactly thrived in the past few months. Just don't read too much into this tepidness. As Raymond James analyst Simon Leopold explained in his August upgrade, "AMD offers the strongest combination of direct earnings leverage, datacenter positioning and market-share gains."

6. Intel Last but not least, add the aforementioned Intel to your list of 2026's red-hot Nasdaq-100 names. It's up 166% year-to-date.

Granted, it had a lot of help. Not only did this ticker lag the rest of the technology industry's major names since 2022, it actually lost ground during this stretch, unable to gain traction with its CPU specialization in an AI industry built on and around GPUs like those made by Nvidia.

INTC Intel$89.85-$5.52 (-5.79%)

NASDAQ · As of 4:00 PM ET 10/16/26

Intel's finally figured out how to penetrate the AI market, however, with its CPU know-how-turned-GPU tech. While it's still only well-suited for a small handful of narrowly focused uses, Intel's Q2 data center and AI revenue soared 59% year over year to $6.3 billion, making AI nearly 40% of the company's second-quarter revenue, accelerating a trend that only began in earnest in Q1. The best is yet to come.

Or, maybe not. Although Intel has arguably come the farthest on the artificial intelligence front in the least amount of time, it's also the least-proven name on this front, leaving its stock the most vulnerable to any headwinds the AI industry may run into from here.

The semiconductor industry has enjoyed a terrific run over the past four years, primarily driven by the artificial intelligence (AI) boom that has created incredible demand for chips in data centers.

The PHLX Semiconductor Sector Index has clocked a phenomenal jump of 440% over the past four years, easily crushing the tech-laden Nasdaq Composite index's 159% gain. However, chip stocks have been selling off lately. The PHLX Semiconductor Sector has lost more than 10% of its value in the past week.

Comments by the CEOs of Intel and Broadcom have contributed to the recent slide. Broadcom CEO Hock Tan believes that funding-related challenges could hinder the massive infrastructure investments fueling AI's expansion. Intel CEO Lip-Bu Tan is also concerned about capital-related constraints, noting that further investments in AI data center infrastructure could be influenced by the returns on investment this technology could deliver.

Not surprisingly, comments from two leading semiconductor companies have sent shockwaves through the industry. However, the correction in semiconductor stocks is an opportunity for savvy investors to buy a top name that could triple their money by 2030.

If you have $1,000 in investable cash after covering your expenses, paying off expensive loans, and saving enough for a rainy day, it would be a smart move to invest it in shares of Marvell Technology (MRVL -1.65%). Let's look at the reasons why.

Image source: Getty Images.

Marvell Technology is poised for phenomenal growth over the next five yearsThough the CEOs of Broadcom and Intel expressed concerns about the availability of capital to fund infrastructure expansion amid a high-interest-rate environment, they remained bullish about the state of AI. Broadcom's Tan, for example, pointed out that AI compute demand is outpacing supply, and he expects the supply constraints to persist through 2030.

MRVL Marvell Technology$241.24-$4.04 (-1.65%)

NASDAQ · As of 4:00 PM ET 10/15/26

Marvell Technology is gradually becoming a key player in the AI chip space. Though it trails Broadcom in the market for custom AI processors and networking chips, Marvell's recent investor day presentation makes it quite clear that it is going to make a big name for itself in the semiconductor industry.

The custom AI chips that Marvell manufactures help hyperscalers and AI companies lower operating costs. For instance, Microsoft claims that its latest custom AI chip is 40% more efficient compared to graphics processing unit (GPU)-based systems. Other estimates suggest that custom AI processors could reduce inference costs by 40% to 60% compared to GPUs.

Not surprisingly, Marvell anticipates a major acceleration in revenue growth over the next five years. The company reported $8.2 billion in revenue for fiscal 2026 (which ended on Jan. 31, 2026). Its top line increased by 42% from the prior year. However, Marvell sees its top line expanding at a compound annual growth rate (CAGR) of 55% to 60% through fiscal 2031. The company expects fiscal 2031 revenue to land between $70 billion and $90 billion after five years.

This terrific acceleration will be powered by the fast-growing demand for networking, switching, and storage components, as well as custom processors. What's more, Marvell's guidance indicates that it is poised to grow faster than the 35% CAGR in data center capital expenditure through 2030.

All in all, it is easy to see why analysts are estimating a major increase in Marvell's earnings per share over the next couple of years, following an estimated 48% jump in the current fiscal year.

MRVL EPS Estimates for Current Fiscal Year data by YCharts

Moreover, analysts have become quite bullish about Marvell's long-term growth prospects, which is why I think it is a good idea to invest $1,000 in this growth stock right now.

A $1,000 investment in this stock could be worth much more after five yearsWe saw in the previous chart that Marvell's earnings per share could reach $12.50 in fiscal 2029 (ending in January 2029). Analysts expect the company to maintain a solid long-term earnings growth rate and have increased their forecasts following its investor day earlier this month.

MRVL EPS LT Growth Estimates data by YCharts

Assuming Marvell's bottom line increases by 50% in fiscal years 2030 and 2031, its earnings per share could hit $28.12 after five years. If the stock trades at 31.5 times earnings at that time, in line with the Nasdaq-100 index's earnings multiple, its stock price could reach $885. That's 261% higher than Marvell's current stock price.

So, a $1,000 investment in this AI stock could be worth over $3,600 by the end of fiscal 2031 (which ends in January 2031 and overlaps with most of calendar 2030). That's why investors looking to add a top chip stock to their portfolios following the recent pullback in the sector should take a closer look at this name before it steps on the gas.

Marvell Technology(MRVL -3.69%) has had a great year so far. The company's shares are up by about 205% as of writing, as it continues to capitalize on the artificial intelligence (AI) boom. But there is an important question for investors interested in the chipmaker: Can the company sustain the recent momentum?

After all, if AI infrastructure spending decreases substantially, the stock could lose significant market value over the medium term. Thankfully, that's not about to happen, at least according to management's recent guidance.

Image source: The Motley Fool.

Marvell's Investor Day surpriseFirst, some background on Marvell's role in the AI supply chain. The company designs and develops custom AI chips tailored to specific AI workloads. These chips are increasingly popular as many companies seek to diversify away from Nvidia's (NVDA -1.86%) market-leading GPUs (graphics processing units). Plus, custom chips tend to be cheaper.

Nvidia's GPUs are versatile, multipurpose chips that are hard to beat on raw performance. But custom chips can sometimes be more cost-efficient (or energy-efficient) for certain AI workloads.

That's why demand for Marvell's products has increased significantly, and the company is posting excellent financial results. For the second quarter of its fiscal year 2027, which ended on Aug. 1, the company's revenue increased by 37% year over year to $2.7 billion. That was a record revenue for Marvell.

Meanwhile, the company's non-GAAP net income per share came in at $0.94, up about 40% compared to the year-ago period. Marvell also said it anticipates accelerating revenue growth in the coming quarters.

The company expects $12 billion in revenue for its fiscal year 2027, representing 45% year-over-year growth. Marvell also guided to $18 billion in revenue for its fiscal year 2028 (covering most of calendar year 2027), about 50% higher than it expects for its ongoing fiscal year.

Marvell gave investors even more bullish guidance at its recent 2026 investor day, held on Oct. 6. The company now expects revenue of $20 billion in fiscal year 2028 -- $2 billion higher than its previous guidance. Why the change?

Marvell is likely seeing demand signals suggesting sales growth will accelerate even faster than it anticipated. And it won't stop next year. By its fiscal year 2031 (covering most of calendar year 2030), Marvell expects to generate sales between $70 billion and $90 billion.

The company thinks its data center segment will grow at a compound annual rate of between 55% and 70% through then.

MRVL Marvell Technology$236.22-$9.06 (-3.69%)

NASDAQ · As of 12:16 PM ET 10/15/26

Time to buy the stock?Marvell could continue growing its revenue and earnings at a good clip beyond the end of the decade. The company estimates that its data center total addressable market will grow at a compound annual growth rate of 50% through the calendar year 2030, reaching $385 billion by then.

So, even if the company generates $90 billion in revenue during fiscal year 2031, it will have captured just about 23% of its total opportunity, leaving plenty of room for growth. Now, it's important to state the obvious. These are all projections and estimates. Not actual results.

Marvell could turn out to be wildly wrong. But some signs suggest that the company could be onto something. For instance, hyperscalers are investing heavily in AI infrastructure to increase capacity and meet demand for their services. At least one of them, Amazon (AMZN -0.27%), has indicated it has visibility into demand for its cloud computing services at least through 2028.

That is particularly relevant to Marvell. Here's why. Amazon has been increasingly relying on its custom AI chip program, Trainium, which it partnered with Marvell to design. According to some reports -- and management's own words -- Amazon may eventually sell these custom chips to outside customers.

These are all bullish signs for Marvell, and there are many more. However, after soaring more than 200% this year, is the stock still attractive? Marvell is trading at 63.3x forward earnings, which seems high. However, that reflects the company's accelerating revenue and earnings growth. My view is that Marvell remains a top stock to buy even at current levels.

NorthCrest Asset Manangement LLC bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,454 shares of the semiconductor company’s stock, valued at approximately $1,498,000.

Several other hedge funds have also made changes to their positions in the company. Cape ANN Savings Bank raised its holdings in shares of Marvell Technology by 2.3% in the 2nd quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 50 shares in the last quarter. Arlington Trust Co LLC lifted its position in shares of Marvell Technology by 24.1% in the 2nd quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 52 shares during the period. GoalVest Advisory LLC boosted its stake in shares of Marvell Technology by 26.0% during the second quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 65 shares in the last quarter. Mayflower Financial Advisors LLC boosted its stake in shares of Marvell Technology by 1.7% during the first quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 68 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its holdings in Marvell Technology by 12.9% during the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 72 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes A number of brokerages recently commented on MRVL. The Goldman Sachs Group reissued a “neutral” rating and issued a $270.00 price objective on shares of Marvell Technology in a research note on Wednesday, October 7th. Wolfe Research upped their target price on Marvell Technology from $280.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th. Piper Sandler increased their target price on Marvell Technology from $270.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. HC Wainwright reiterated a “buy” rating on shares of Marvell Technology in a report on Tuesday, August 25th. Finally, Morgan Stanley lifted their price target on Marvell Technology from $268.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $327.36.

Check Out Our Latest Analysis on MRVL Insiders Place Their Bets In other news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $262.05, for a total transaction of $2,620,500.00. Following the sale, the chief operating officer owned 207,941 shares in the company, valued at approximately $54,490,939.05. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the sale, the chief executive officer owned 775,686 shares in the company, valued at $173,280,495.54. The trade was a 0.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 46,100 shares of company stock valued at $10,205,174. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology Stock Performance Shares of MRVL stock opened at $245.28 on Thursday. The business’s fifty day simple moving average is $240.34 and its 200-day simple moving average is $215.00. The company has a market cap of $215.09 billion, a PE ratio of 80.95, a PEG ratio of 8.01 and a beta of 2.26. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Key Stories Impacting Marvell Technology Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Marvell raised its fiscal 2028 revenue target to approximately $20 billion, above Wall Street’s prior estimate of $18.2 billion. Management also outlined a potential $70 billion–$90 billion revenue opportunity by fiscal 2031, supported by custom silicon, AI connectivity and optical products. Marvell Raises Its 2028 Revenue Target Positive Sentiment: The company introduced new connectivity products, including a 3.2-terabit protocol-aware retimer and a second-generation 1.6-terabit active electrical cable DSP, aimed at the bandwidth and power-efficiency needs of AI data centers. It also announced six-channel CXL memory expansion solutions for AI accelerators. Marvell Bolsters Connectivity Portfolio Positive Sentiment: Marvell, Microsoft and Oracle formed an Open Compute Project working group to develop standardized hardware security specifications for hyperscale data centers, strengthening Marvell’s relationships with major cloud customers. Marvell, Microsoft and Oracle Establish Security Group Positive Sentiment: Erste Group raised its fiscal 2028 EPS estimate for Marvell to $6.10 from $5.38, reflecting improving expectations for the company’s growth trajectory. Neutral Sentiment: Analysts and financial commentators remain broadly optimistic, citing Marvell’s custom silicon and connectivity exposure, but the stock’s rapid year-to-date appreciation has increased expectations and sensitivity to disappointing news. Broadcom Versus Marvell Technology Negative Sentiment: MRVL was pressured by a wider AI-chip selloff, investor caution ahead of inflation data and profit-taking following its large rally. The stock also faced reports of insider selling, adding to near-term sentiment concerns. Marvell Stock Price Down After Insider Selling (Free Report)

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.

Featured Stories Five stocks we like better than Marvell Technology Tesla Wants to Make Its Own Chips—What Could Go Wrong? IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver? PBF Energy’s Stunning Rally Faces a Critical Test Citi Stock Falls Despite Earnings Beat: What Investors Need to Know

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.

AI stocks tumble as a hot inflation reading and Anthropic's slowing revenue growth extend the tech selloff.

Marvell Technology (MRVL - Free Report) closed at $245.28 in the latest trading session, marking a -8.72% move from the prior day. This move lagged the S&P 500's daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 1.88%.

The stock of chipmaker has risen by 21.21% in the past month, leading the Computer and Technology sector's gain of 3.49% and the S&P 500's gain of 2.06%.

The upcoming earnings release of Marvell Technology will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.1, reflecting a 44.74% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.16 billion, reflecting a 52.17% rise from the equivalent quarter last year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.21 per share and revenue of $12.05 billion, indicating changes of +48.24% and +47.01%, respectively, compared to the previous year.

Investors should also pay attention to any latest changes in analyst estimates for Marvell Technology. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.07% higher. Marvell Technology presently features a Zacks Rank of #3 (Hold).

In the context of valuation, Marvell Technology is at present trading with a Forward P/E ratio of 63.78. This signifies a premium in comparison to the average Forward P/E of 36.3 for its industry.

One should further note that MRVL currently holds a PEG ratio of 5.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Electronics - Semiconductors industry had an average PEG ratio of 1.19.

The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 97, placing it within the top 40% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Marvell just secured a deal its CEO called a monster number, analysts have zero sell ratings on the stock, and the biggest growth catalyst has barely shown up in the financials yet.

The 24/7 Wall St. price target for Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) is $311.69 over the next 12 months. Shares traded at $266.89 at noon, which puts the upside at about 16.8%. The model rates the stock a buy with high confidence.

24/7 Wall St. Price Target Summary Metric Value Current Price $266.89 Price Target from 24/7 Wall St. $311.69 Upside/Downside 16.8% Recommendation BUY Confidence Level 90% Today’s 3.05% drop puts the stock below the model’s $275.28 reference price, so shares trade below the level the model used. I have high confidence in the call because growth is speeding up, management keeps raising guidance, and analysts are mostly bullish.

In my view, the biggest piece of the AI story, custom silicon at hyperscale, has only just started to show up in reported results.

A 214% Rally Built on Data Center Momentum Marvell is up 214.58% year to date and 13.59% over the past month. It has slipped 1.96% over the past week. Shares sit about 19% below the 52-week high of $329.73 and far above the low of $70.62.

Second-quarter fiscal 2027 revenue came in at $2.739 billion, up 36.55% and ahead of the $2.707 billion consensus. Non-GAAP EPS of $0.94 beat the $0.9289 estimate. Data Center revenue grew 46% to $2.1715 billion, or 79% of sales.

Guidance for the third quarter calls for $3.150 billion in revenue and $1.10 in non-GAAP EPS. After the company’s October 6 Investor Day, Morningstar raised its valuation, citing bullish long-term guidance (Morningstar).

Why Bulls See $356 and Beyond Management expects fiscal 2027 revenue of roughly $12 billion, up about 45%. For fiscal 2028, the outlook is roughly 50% total growth, with custom revenue expected to more than double.

The expanded agreement with Alphabet (NASDAQ:GOOGL) unit Google includes a warrant for Google to buy up to 7% of Marvell’s shares.

On the call, the deal was described as $120 billion in cumulative revenue over six years if every milestone is met. CEO Matt Murphy called it “just a monster number.”

Analyst coverage includes 8 Strong Buys, 32 Buys, and zero Sells, with a consensus target of $337.99. The bull case is $356.05.

Risks That Could Pull Shares Toward $237 A handful of hyperscalers drive most of Marvell’s revenue, and any of them could decide to design more chips in-house. Other risks include tight wafer supply, China trade restrictions, and $4.963 billion in long-term debt. Gross margin also slid to 58.9%.

Bulls would answer that the dip comes from the lower-margin custom ramp, while operating margin rose 180 basis points to 36.6%. Shares have also been volatile, falling from $278.67 in mid-June to $188.30 a month later. The bear case is $237.25.

Marvell Trades at a Steep Premium to Broadcom and NVIDIA Company Forward P/E Quarterly Revenue Growth (YoY) Marvell 62x 36.5% Broadcom (NASDAQ:AVGO) 19x 85.5% NVIDIA (NASDAQ:NVDA) 25x 105.9% Broadcom is Marvell’s most direct rival in custom AI accelerators and Ethernet switching. It is growing faster today at a far lower multiple, and its consensus target is $531.31.

NVIDIA works with Marvell on NVLink Fusion and sets the pace for AI compute. It also trades at a lower multiple while posting higher growth.

Against these two, our target looks full (we reverse-engineered what the biggest tech winners looked like early in a free Next Nvidia Playbook). It still holds up because Marvell’s growth is accelerating toward a 75% year-over-year Data Center increase next quarter, while its peers are growing off much larger bases.

Accelerating Custom Revenue Drives Our Bullish Target The 24/7 Wall St. price target of $311.69 comes with a buy rating and high confidence. For me, the deciding factor is custom silicon: management says that business will more than double in fiscal 2028 and grow even faster in fiscal 2029.

The bull case improves if custom ramps and scale-up optics stay on schedule. It weakens if margins keep shrinking without matching revenue upside. On balance, the growth outlook justifies the premium.

Marvell Price Prediction 2026-2030 Looking further ahead, here is where our model projects Marvell could trade, assuming current growth trends and market conditions hold.

Year Price Target from 24/7 Wall St. 2026 $277.98 2027 $312.55 2028 $341.18 2029 $368.38 2030 $383.48 Marvell would need to keep executing on its hyperscaler roadmap for these projections to hold. Reaching every milestone in the Google agreement could drove results well above these figures. A move by customers to bring chip design in-house might drag results lower.

Contact [email protected] for any questions or corrections.

SummaryMarvell Technology, Inc. is initiated with a Buy rating and a $298 base-case price target, anchored on its robust connectivity segment.MRVL’s connectivity business, especially optical interconnect, is the core growth driver, with management guiding for FY28 revenues of $20 billion and strong operating leverage.The custom silicon segment presents significant upside but remains a swing variable, with notable partnerships yet facing competitive and execution risks.I recommend a dollar-cost averaging approach for MRVL stock, as FY28 delivery and custom silicon execution will be critical market focus areas in the coming year. Nazarii Neshcherenskyi/iStock via Getty Images

Investment Thesis This article initiates my coverage on Marvell Technology, Inc. (MRVL), a company that I believe to be a major player in the connectivity-and-custom silicon layer that sits between compute and networking

1.62K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, GOOGL, AVGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

SummaryMarvell Technology is rated Buy, driven by an $80B fiscal 2031 revenue target and strong interconnect growth.Interconnect accounts for nearly half of MRVL’s long-term plan, offering steadier, industry-wide upside versus lumpy custom chip contracts.Scale-up optics could reach $1B run rate by FY2029 and potentially capture a $10B market by 2030.Potential 9% dilution from Google and Celestial deals is offset by revenue-linked vesting and management’s $27.40/share FY2031 EPS goal. Sundry Photography/iStock Editorial via Getty Images

Marvell Technology (MRVL) gave investors plenty to cheer about on Oct. 6, when it lifted its fiscal 2028 revenue outlook to about $20 billion and laid out a fiscal 2031 goal

79 Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MRVL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

-

New Open Compute Project (OCP) working group: Companies form a new working group to standardize on a silicon-based and attested secure integrated hardware security module (HSM) solution for cloud and hyperscale data center infrastructure. Strengthening cloud security: Secure key caching and attestation cryptographic key lifecycle management at the server level will reduce latency, improve scalability and strengthen the security posture of cloud compute workloads. Open technical specification: Initial draft of technical specification to be released at OCP Global Summit in October 2026, paving the way for broad industry adoption of in-server security for data centers. SANTA CLARA, Calif.--(BUSINESS WIRE)--Marvell Technology, Inc. (NASDAQ: MRVL), Microsoft Corporation and Oracle today announced a collaborative effort aligned with the Open Compute Project (OCP) aimed at standardizing a NIST FIPS 140-3 Level 3 integrated HSM for cloud and hyperscale data center infrastructure.

To direct this effort, the three companies have established a new OCP working group under OCP’s Security Track. The working group’s charter is to define open specifications for an integrated hardware security module for secure key caching and cryptographic key lifecycle management directly at the server level. This approach will reduce latency, improve scalability and strengthen the security posture of cloud compute workloads.

Most cloud and enterprise servers today rely on network-attached hardware security modules (HSMs) or software-only key management. This approach requires cryptographic keys to traverse the network or reside in unprotected, non-FIPS 140-3 Level 3 memory, exposing sensitive keys to potential security attacks. The working group will define an open specification for embedding a hardware security boundary, key vault and attestation chain directly into the server. This will ensure that cryptographic operations execute where data is processed, keys never leave a certified hardware boundary and workload integrity can be proven cryptographically to any relying party.

“An integrated HSM will allow cryptographic key operations to execute where the workload runs, satisfying both regulatory compliance and zero-trust architecture requirements, all without compromising higher performance for security,” said Cary Ussery, senior vice president and general manager, Multimarket Business Group, at Marvell. “By defining this as an open specification, we’ll make that capability available to the entire industry.”

“As AI transforms cybersecurity and quantum technology reshapes cryptography, protecting the keys and credentials at the heart of our digital infrastructure has never been more important,” said Mark Russinovich, CTO, deputy CISO and technical fellow, Microsoft Azure. “Through the Open Compute Project, industry leaders are coming together around a fully open-source integrated HSM, combining our collective innovation to advance interoperability, accelerate the adoption of post-quantum cryptography, and shape the future of hardware security.”

“An open specification for integrated Hardware Security Module (HSM) capabilities is an important step toward enabling cryptographic operations where data is processed, protecting keys within a hardware security boundary and supporting cryptographic verification of workload integrity,” said Pradeep Vincent, executive vice president, Compute and AI Infrastructure at Oracle. “This effort aims to establish a common foundation for adoption across the industry.”

About OCP and the New Security Working Group

The Open Compute Project (OCP) is a collaborative community focused on redesigning hardware technology to efficiently support the growing demands of compute infrastructure.

As founding members of the new OCP working group, Marvell, Microsoft and Oracle will collaborate with the broader OCP community to publish a joint technical specification, with an initial draft targeted for release around the 2026 OCP Global Summit and version 1.0 to follow. The companies plan to demonstrate the new technology in their exhibit booths and during Security Track presentations at the OCP Global Summit (October 12-15) at the San Jose Convention Center in San Jose, California.

Organizations interested in participating in the security working group are encouraged to join through the Open Compute Project.

About Marvell

To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 30 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud and carrier architectures transform—for the better.

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. Other names and brands may be claimed as the property of others.

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

More News From Marvell Technology, Inc.

Back to Newsroom

Intel: An Uptick After Flat RevenueIntel (INTC +1.44%) primarily earns its revenue by designing, developing, manufacturing, and selling a broad portfolio of client computing microprocessors, discrete graphics hardware, artificial intelligence server products, edge computing systems, and specialized advanced wafer fabrication services to original equipment manufacturers, cloud service providers, and telecommunications enterprises globally.

It recently priced an upsized $20 billion common stock offering, and it announced a broad technology collaboration with Applied Materials focused on next-generation transistors, interconnects, and advanced packaging hardware.

Marvell Technology: Consistent Quarter-Over-Quarter Revenue ExpansionMarvell Technology (MRVL +1.08%) primarily earns its revenue by developing high-speed data infrastructure semiconductor architectures, mixed-signal networking switches, multiple core processors, ethernet controllers, optical transceivers, and custom application-specific integrated circuits designed specifically for enterprise data centers and broad global communications networks.

It recently expanded a multiyear strategic partnership with Google parent Alphabet that includes a performance-based stock warrant agreement, and it unveiled new rack-scale memory infrastructure components engineered to support complex artificial intelligence computing and enterprise storage workloads.

Why Revenue Matters for InvestorsRevenue helps individual investors understand the total amount of capital a given business generates from its primary commercial activities before subtracting operating expenses, debt interest obligations, and corporate taxes. This metric reveals whether a company is successfully attracting customers and growing its overall business volume over time.

Intel vs. Marvell Technology Revenue over the last 8 quarters.

Quarterly Revenue for Intel and Marvell TechnologyCalendar quarterIntel RevenueMarvell Technology RevenueQ3 2024$13.3 billion (quarter ended Sept. 28, 2024)$1.5 billion (quarter ended Nov. 2, 2024)Q4 2024$14.3 billion (quarter ended Dec. 28, 2024)$1.8 billion (quarter ended Jan. 31, 2025)Q1 2025$12.7 billion (quarter ended March 29, 2025)$1.9 billion (quarter ended May 3, 2025)Q2 2025$12.9 billion (quarter ended June 28, 2025)$2.0 billion (quarter ended Aug. 2, 2025)Q3 2025$13.7 billion (quarter ended Sept. 27, 2025)$2.1 billion (quarter ended Nov. 1, 2025)Q4 2025$13.7 billion (quarter ended Dec. 27, 2025)$2.2 billion (quarter ended Jan. 31, 2026)Q1 2026$13.6 billion (quarter ended March 28, 2026)$2.4 billion (quarter ended May 2, 2026)Q2 2026$16.1 billion (quarter ended June 27, 2026)$2.7 billion (quarter ended Aug. 1, 2026)Data source: Financial Modeling Prep. Data as of Oct. 13, 2026.

Foolish TakeComparing revenue trends between Intel and Marvell Technology shows the semiconductor veteran's sales overshadow the latter's by a wide margin today. That could change in the coming years thanks to the artificial intelligence boom.

During Marvell's investor day on Oct. 6, the company revealed it's seeing so much demand for its products related to AI data centers that it expects sales to grow from a total of $8.2 billion in its 2026 fiscal year, ended Jan. 31, to between $70 billion to $90 billion in its 2031 fiscal year.

While Marvell has seen consistent quarterly sales growth, Intel's revenue trend over the past eight quarters has been uneven. It struggled to capitalize on the AI market until new CEO Lip-Bu Tan took over in 2025.

This year, Tan's turnaround efforts appear to be taking hold, as Intel's quarterly sales trajectory looks like it is finally taking off. The company's fiscal Q2 revenue of $16.1 billion was a strong 25% year-over-year increase. If it can continue to experience excellent sales growth, it can maintain its revenue lead over Marvell.

Robert Izquierdo has positions in Alphabet, Applied Materials, Intel, and Marvell Technology. The Motley Fool has positions in and recommends Alphabet, Applied Materials, Intel, and Marvell Technology. The Motley Fool has a disclosure policy.

Earlier this year, Nvidia CEO called Marvell Technology (MRVL -0.21%) the next trillion-dollar business. At around $230 billion, Marvell is a fraction of the size of Nvidia, whose market cap is well over $5 trillion. But the business has been doing exceptionally well, and its share price is up around 200% this year.

Recently, Marvell’s management gave investors more reasons to remain bullish, revealing some promising guidance for the future.

Image source: Getty Images.

Marvell projects revenue to reach $80 billion by fiscal 2031Artificial intelligence (AI) has unlocked massive growth opportunities for Marvell, as it has for other tech companies. In its most recent fiscal year, which ended in January, the company's revenue totaled $8.2 billion, which was up an impressive 42% year over year.

However, in the longer run, by fiscal 2031, management expects revenue to be around $80 billion. With a significantly larger business, it's not difficult to see why Huang is so bullish about Marvell's upside. At about 10 times the size, its valuation could conceivably be 10 times larger as well, which could lead to Marvell blowing past the $1 trillion mark on the way to $2 trillion.

The assumption, of course, is that it continues to trade at multiples similar to those it trades at today and that its margins are comparable. But with so much growth on the horizon, there is clearly a lot of upside for Marvell's stock.

Premium Feature

Moneyball Superscore

88/100

Today's Change

(

-0.21

%) $

-0.57

Current Price

$

265.29

Is Marvell's stock a no-brainer buy right now?As demand for custom chips grows due to AI, Marvell is in an excellent position to benefit from those growth opportunities. Its valuation is elevated today, with the stock trading at close to 90 times its trailing earnings, but the company's recent forecast highlighted why it may still be worth buying. With so much more growth in the long run, there's reason to remain bullish that, although the stock may look pricey right now, its valuation may still rise a lot higher in the future.

The caveat, however, is that in five years, a lot could change with respect to AI and the broader tech sector. There may be more competition as well. There's always going to be some risk when looking that far out, as forecasts can change. And that's something investors should consider.

Marvell's stock isn't cheap, and it does price in a lot of future growth already, but for investors who are prepared to hang on for at least five-plus years, this may be one of the better tech stocks to buy right now.