All articles tagged with #mrvl
Marvell Technology rose about 5% after unveiling its Teralynx T100 switch silicon, a 102.4 Tbps AI-focused networking chip designed for AI data-center infrastructure, signaling a pivot toward AI networking demand and leaving investors watching early customer adoption, production timelines, and whether AI workloads can sustain growth.
Marvell Technology stock surged in after-hours trading after Nvidia CEO Jensen Huang called Marvell the “next trillion-dollar company” at Computex, building on Nvidia’s $2 billion investment in the company. Marvell’s data-center business accounts for about 76% of revenue, positioning it at the center of AI infrastructure. With a roughly $192 billion market cap, MRVL would need substantial gains (about 420%) to reach $1 trillion, and while the endorsement signals momentum, some traders question whether the rally is fully justified by fundamentals.
POET Technologies’ stock fell sharply after Marvell’s Celestial AI canceled a purchase order POET had disclosed, triggering volatility linked to confidentiality breaches. The company highlighted other deals and ongoing focus on AI and optical networking, while trading volume surged and analysts maintained a cautious Neutral stance with a $15.50 target.
Marvell Technology beat estimates with EPS of $0.80 on $2.22 billion in revenue, led by AI-driven data-center demand (data center revenue $1.65B). The company posted a record fiscal 2026 revenue of $8.195 billion, up 42% year over year, and guided Q1 2026 to about $0.79 per share on roughly $2.40 billion in revenue. With hyperscalers like Amazon and Meta fueling AI workloads, management expects robust demand through 2026. The stock jumped ~10%, and analysts’ consensus remains Strong Buy with a target near $118, implying meaningful upside.
Amazon announced a roughly $200 billion 2026 spending plan on AI and cloud infrastructure, boosting AI-chip names like Nvidia, AMD, and Marvell, with Alphabet signaling similar AI investments and raising expectations for ongoing demand in AI accelerators and data-center hardware.
Marvell Technology (MRVL) shares plunged 16.9% after reporting fourth-quarter results and providing revenue and EPS guidance below analysts' expectations, driven by underperformance in Carrier infrastructure and Auto/Industrial segments. Data Center segment showed strong growth, benefiting from AI demand, but the overall results fell short of high expectations. The company also announced a $3 billion increase to its share repurchase program. The market's perception of the business has been significantly impacted, and the stock is currently trading 10.8% below its 52-week high.