Micron Technology's Low Valuation Amidst AI Market Growth Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
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Source: Yahoo Finance
- Micron's Valuation Advantage: Micron Technology (NASDAQ: MU) is currently trading at a forward P/E of just 11, with revenue expected to double to nearly $74.5 billion in fiscal 2026, highlighting its strong growth potential in the memory market and attracting investor interest.
- Earnings Growth Expectations: Analysts project Micron's earnings per share to reach $32.42 in fiscal 2026, nearly quadrupling from current levels, reflecting the company's enhanced profitability amid surging demand for AI accelerators.
- Marvell's Growth Potential: Marvell Technology (NASDAQ: MRVL) reported a 51% year-over-year revenue increase to nearly $6 billion in the first nine months of fiscal 2026, with non-GAAP net income more than doubling to $2.05 per share, indicating strong demand in the custom AI processor market.
- Client Base Expansion: Marvell has secured five new design wins for its AI chips and is in deep negotiations with a third U.S. hyperscaler, with these new orders expected to ramp into volume production next year, further driving its future growth.
Analyst Views on MRVL
Wall Street analysts forecast MRVL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MRVL is 120.12 USD with a low forecast of 85.00 USD and a high forecast of 156.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
22 Buy
8 Hold
0 Sell
Moderate Buy
Current: 83.100
Low
85.00
Averages
120.12
High
156.00
Current: 83.100
Low
85.00
Averages
120.12
High
156.00
About MRVL
Marvell Technology, Inc., together with its subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. The Company is engaged in the design, development, and sale of integrated circuits. Its product solutions serve various end markets: data center, enterprise networking, carrier infrastructure, consumer, and industrial. Its product offerings include CXL, Data Processing Units, Security Solutions, Coherent DSPs, Coherent-lite DSPs, Data Center Switches, DCI Optical Modules, Enterprise Switches, Ethernet Controllers, Ethernet PHYs, PCIe Retimers, Linear Drivers, PAM DSPs, Transimpedance Amplifiers, Fiber Channel, HDD, Storage Accelerators, and SSD Controllers. The Company develops semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for artificial intelligence, data center, compute, networking, carrier, storage, aerospace, and defense 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.
