Marvell Technology Partners with Google for AI Chip Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy MRVL?
Source: Fool
Marvell Technology Inc (MRVL) shares rose 5.00% as it crossed above the 5-day SMA, reflecting positive investor sentiment following a significant partnership announcement.
The core catalyst for this movement is Marvell's partnership with Google to co-develop a memory processing unit and next-generation TPU, which enhances Marvell's visibility in the AI chip market. This collaboration is expected to significantly contribute to Marvell's revenue growth, with the company projecting total sales to reach $15 billion by fiscal 2028, driven by its custom ASIC business that has surged to $1.5 billion in annual revenue.
This partnership not only solidifies Marvell's position in the competitive AI infrastructure landscape but also indicates a strategic shift in the industry as cloud giants seek to diversify their AI silicon suppliers. Investors are optimistic about Marvell's future growth prospects as it continues to secure design wins from major players like Microsoft and Amazon.
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Analyst Views on MRVL
Wall Street analysts forecast MRVL stock price to fall
30 Analyst Rating
22 Buy
8 Hold
0 Sell
Moderate Buy
Current: 165.150
Low
85.00
Averages
120.12
High
156.00
Current: 165.150
Low
85.00
Averages
120.12
High
156.00
About MRVL
Marvell Technology, Inc. together with its consolidated subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. It is engaged in the design, development and sale of integrated circuits. Its product offerings include custom application-specific integrated circuits (ASICs), interconnects, ethernet solutions, fiber channel adapters, processors and storage controllers. In addition, it is also developing Ultra Accelerator LinkTM (UALinkTM) switches and ethernet for scale-up networking (ESUN) switches for the emerging scale-out artificial intelligence market. Its solutions integrate multiple analogs, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and its system knowledge to provide its customers with integrated solutions for their end products. It designs and manufactures photonic integrated circuits for ultra-high-bandwidth and low-power applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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