Marvell: A Strong Buy With A $90 Billion Opportunity

Impact · against what's priced in

The update provides a catalyst for MRVL by validating the bull case for AI-driven revenue acceleration that the market had previously declined. Specifically, the FY28 targets for data center revenue and operating margins exceed current price assumptions, suggesting a shift toward the higher-end analyst price targets.

MRVL+0.40

Challenges what's priced in

The price assumes

The full $15-16 billion data center revenue target for next year

The market previously declined the $15-16B data center target for next year, but the company is now forecasting an even higher $18B for FY28.

What MRVL's price assumes · Sep 10

• MRVL▲633%
• semiconductors▲8%
• ai
• guidance
• chips
• connectivity
• custom silicon
• data center