Marvell Technology Q3 Preview: Expecting Strong Growth In Custom Silicon, Upgrade [Seeking Alpha]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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US:NASDAQ Investor Relations:
marvell.com/company/investor_relations
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Source: Seeking Alpha
Follow Play 6min Summary I am upgrading to a “Strong Buy” rating on Marvell Technology, driven by their custom silicon products supporting Amazon's Trainium AI chips and Alphabet's AI developments. Amazon's Trainium2, supported by Marvell, offers significant cost and performance advantages, potentially competing with Nvidia's AI chips and driving Marvell's revenue growth. Marvell anticipates $1.5 billion in AI-related revenue for FY25 and $2.5 billion for FY26, with strong growth in their custom silicon business. Despite upfront costs impacting margins, Marvell's production ramp-up is expected to deliver strong margin expansion and a one-year target price of $110 per share. JHVEPhoto I reiterated a "Buy" rating on Marvell Technology, Inc. ( NASDAQ: MRVL ) in August 2024, highlighting their ramp-up of electro-optic and custom silicon products. On October 15th, the media reported that Amazon.com, Inc. ( AMZN ) had signed a deal with Databricks, allowing the data wareh
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MRVL
News
- Marvell Technology, Inc. (NASDAQ: MRVL) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Marvell Demonstrates Industry-Leading 3nm PCIe Gen 7 Connectivity for Accelerated Infrastructure at OCP 2024PR Newswire
- Marvell Technology, Inc. (NASDAQ: MRVL) had its "buy" rating re-affirmed by analysts at Citigroup Inc.. They now have a $91.00 price target on the stock.MarketBeat
- Marvell Delivers Custom Ethernet Network Interface Controller Solution at Open Compute ProjectPR Newswire
- Marvell to Showcase Accelerated Infrastructure for AI at 2024 OCP Global SummitPR Newswire
MRVL
Earnings
- 8/29/24 - Beat
MRVL
Sec Filings
- 10/17/24 - Form 4
- 10/17/24 - Form 4
- 10/17/24 - Form 4
- MRVL's page on the SEC website