The Lumentum merger makes Marvell's path toward a $1 trillion valuation look clearer if it executes well. Jensen Huang had called Marvell the next $1 trillion company. Lumentum's demand is sold for the next two to three years, though whether that gives Marvell an edge remains an open question. Marvell looks like a long-term opportunity, but the route to building a position is still unclear. x.com 

Buying Lumentum would make Jensen Huang's $1 trillion vision for Marvell seem more realistic, but a roughly $200 billion Marvell would need to dilute shareholders heavily to acquire an approximately $80 billion Lumentum. The deal was still reported as nearing agreement, not completed. x.com 

Marvell looks like the biggest bubble mankind has ever seen at about 100x trailing earnings, 170x forward earnings and 33x sales. The stock added about $110 a share, roughly $100B of market cap, after Jensen Huang said it will become a trillion-dollar company. x.com 

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 is not toast, but the $1 trillion valuation a post the author replies to attributes to Jensen Huang is unlikely in 2026 and most likely comes sometime in 2027. x.com 

Marvell's roughly $90 billion valuation jump on a single comment is not sustainable; the only question is how long it can last. Per The Kobeissi Letter, the stock rose over 45% in two days after NVIDIA CEO Jensen Huang said it could become the next trillion-dollar company. x.com 

Marvell looks interesting at less than 30x calendar-2027 EPS against expected 60-70% annual EPS growth, but overpaying for Lumentum could drive its shares lower. Marvell could pay up to $110B, roughly a 30% premium; the stock-versus-debt mix is unclear, and Lumentum holders might own a third of the combined company. If the deal falls apart, Marvell could rise 10-12%. x.com 

Marvell is the next trillion-dollar company, and its growth trend should continue when it reports Q2 on August 27. Jensen Huang said Marvell is the next Micron. x.com 

Marvell's $1 trillion valuation, which Jensen Huang predicted, is a slogan rather than a valuation. At its FY2028 targets of $16.5B revenue and a high-30s operating margin, $1T means about 60x sales and 180x adjusted earnings; at 30x earnings it would need roughly $95B of revenue, essentially the entire $94B 2028 data center market Marvell estimates. GAAP net income was just $34.5M in Q1, and dilution adds pressure. Operating leverage from 45% growth is the bull case. x.com 

Marvell's new long-term model points to a $750-$900 stock by 2028-29. Management targets about $80B of revenue by CY2030, versus a $47B consensus, with a 55-60% revenue CAGR led by custom silicon growing 80% a year. Operating margins of 44-46% and opex growing at half the rate of revenue imply EPS above $30, versus $18 expected; 25-30x that gives $750-$900. Marvell has largely met its targets over the past decade, and the stock trades about 70% below its implied future value. x.com  x.com  x.com  … Show more