Could Marvell Be the Next $100 Billion AI Stock?
The chipmaker lifted fiscal 2027 and 2028 targets after data-center revenue rose 46%, but investors worried the valuation already priced in growth.
- Marvell Technology shares fell 10.28% on Friday, closing at $216.62, after second-quarter earnings failed to satisfy investor expectations for future growth guidance despite a revenue beat.
- Second-Quarter revenue increased 37% year-over-year to $2.7 billion, with Data Center business revenue surging 46% during the same period, driven by robust AI infrastructure demand.
- Marvell's recently announced partnership with Google, involving $120 billion in cumulative revenues, adds validation; however, management noted the agreement will not meaningfully contribute until fiscal 2029.
- Goldman Sachs analysts characterized the results as "incremental positive" but maintained a neutral rating, citing higher valuation compared to peers and uncertainty regarding future custom-chip customers.
- Management raised its fiscal 2028 revenue projection to $18 billion, up from an earlier $16.5 billion forecast, reflecting accelerating demand for AI infrastructure and custom silicon growth.
11 Articles
11 Articles
Marvell shares tumble 6% as outlook underwhelms despite 37% revenue growth
Marvell Technology shares declined 6% on Friday after posting a 37% revenue increase in the second quarter, as its fiscal 2028 outlook disappointed investors despite a 50% revenue growth projection. The post Marvell shares tumble 6% as outlook underwhelms despite 37% revenue growth appeared first on RocketNews.
Could Marvell Be the Next $100 Billion AI Stock?
Marvell just posted blowout earnings and locked in a landmark Google deal, yet shares fell 10% in a single session. Whether that selloff is a trap or a warning sign depends on what you believe about one very concentrated bet.
Marvell Technology (NASDAQ: MRVL) Stock Price Drops 10% After Quarterly Guidance Fails To Meet Investor Expectations
Marvell Technology Inc (NASDAQ: MRVL) fell 10.1% to $217.10 on August 28, 2026, after issuing quarterly guidance that disappointed investors despite reporting strong underlying financial results. The company posted fiscal second-quarter 2027 revenue of approximately $2.7 billion, representing a 36.6% increase year-over-year, driven by robust demand for data center connectivity and custom silicon products. Gross […] The post Marvell Technology (N…
Marvell Technology (NASDAQ:MRVL) Shares Down 2.3% on Analyst Downgrade
Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report) dropped 2.3% during mid-day trading on Monday after B. Riley Financial lowered their price target on the stock from $345.00 to $315.00. B. Riley Financial currently has a buy rating on the stock. Marvell Technology traded as low as $209.53 and last traded at $211.66. 23,488,731 shares […]
Coverage Details
Bias Distribution
- 60% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
