The market may still be underestimating Marvell as it becomes a key supplier of custom silicon and connectivity for the AI build-out. At its Investor Day, Marvell put its addressable market at about $400 billion by 2030, targeted about $20B of FY28 revenue and said revenue could reach $70-90B by FY31. Last quarter revenue rose 37% to $2.74B on AI and data-center demand, and Nvidia's Jensen Huang reportedly called Marvell the next trillion-dollar company. x.com  x.com 

Marvell's $70-90 billion FY31 revenue target looks credible: COO Chris Koopmans said key foundry, substrate and packaging suppliers get five-year forecasts and had already seen it before investor day. A $500 price target still looks too aggressive for now; Marvell must show it can grow its networking and photonics segment to deserve a safe price increase. x.com  x.com 

Marvell's extremely high expectations make its valuation hard to justify amid customer concentration, custom-silicon competition and acquisition risks. It benefits from AI infrastructure spending, but those risks are making investors question what it is worth. x.com 

Marvell's custom silicon business is set to accelerate significantly from the second half, as every hyperscaler builds its own chips and many build them with Marvell. Marvell raised its outlook for both fiscal 2027 and 2028 in one release. Q2 revenue rose 37% to $2.739B, data center rose 46% to 79% of sales, and the Q3 guide of $3.15B is another 15% sequential jump. CEO Matt Murphy said AI bookings remain exceptionally robust and growth should accelerate through fiscal 2027. x.com 

Marvell is being repriced as a core AI infrastructure holding after record results, with the bull case shifting from custom silicon toward networking and optics. Fresh June targets run $321-$385, led by KeyBanc's Street-high $385 on data center networking, scale-up and the $3.25 billion Celestial AI optical acquisition; the $236 average target is lagging, not bearish. The catch: the stock already trades above that average, and KeyBanc calls the custom XPU business less durable long term. x.com 

Marvell's ambitious long-range outlook is encouraging about hyperscaler and AI-lab spending plans, but hitting it depends on AI revenue and token consumption soaring through decade's end. Even if its FY28 estimates rise again, Marvell trades at a healthy premium to Nvidia and Broadcom, especially on a GAAP basis, and those two are growing fast too. x.com 

Marvell's valuation still reflects old cyclical models, overlooking an AI-driven structural shift that leaves room for a re-rating. Marvell focuses on AI networking and custom silicon, with data center above 70% of revenue and a lead in photonics interconnects, while long-term agreements secure demand and reduce cyclicality. Its EPS growth depends on execution. x.com 

Marvell sits at AI infrastructure's physical layer, so hyperscaler capex flows through hardware that needs its products. It makes 800G and 1.6T optical interconnects, 51.2T Ethernet switches and custom XPUs, and released the first 102.4 Tbps AI switch. Its CEO cited exceptional AI bookings and significantly raised FY27 and FY28 outlooks; Q2 is guided to $2.7B, up 35%. It joins the S&P 500 on June 22, and Jensen Huang calling it the next trillion-dollar company implies 3x+ from $272B. x.com 

Marvell's strong quarter was already priced in, so a sell-the-news decline is likelier. Q2 revenue rose 37% to $2.739B, data center revenue 46%, and Q3 guidance of $3.15B beat estimates; management sees custom silicon revenue more than doubling in FY28 and a path to about $18B of FY28 revenue. But the Google partnership and AI growth were largely traded ahead, and the stock never broke its rising channel's top. Long term, it is still a good company to add to at better prices before the midterms. … Show more

Marvell's connectivity and custom AI silicon support raised revenue targets of about $12bn for FY27 and $18bn for FY28, even as shares fell 7.8% after hours on high expectations. F2Q revenue of $2.74bn rose 37% year over year and F3Q guidance of $3.15bn implies 50% growth. Management guides custom ASIC growth above 100% in FY28, with a path to $16bn+ by FY29 versus its ~$10bn, helped by a multi-year Google deal. AI clusters needing ~10x more bandwidth favor 1.6T optics. Buy, $290 target. x.com  … Show more