Quick Read – Marvell (MRVL) supplies custom silicon and optical networking to major hyperscalers, posting 28% revenue growth in Q1 with management guiding for accelerating gains throughout FY2027. – Unlike NVIDIA (NVDA), Marvell designs custom ASICs helping hyperscalers escape…
rchant GPU pricing, making it a more concentrated AI infrastructure bet than Broadcom (AVGO). – Jensen Huang called Marvell ‘the next trillion-dollar company,’ and despite a 21% pullback, strong AI bookings and entrenched design wins support the bull case. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marvell Technology didn’t make the cut. Grab the names FREE today
I keep hitting the buy button on Marvell Technology (NASDAQ:MRVL), and the pullback from the July high has only made me more aggressive. What pulls me back is simple: this is the picks-and-shovels supplier for the custom silicon and optical plumbing that every hyperscaler needs to make AI actually work at scale. Marvell sells the 800G and 1.6T optics, the 51.2T Ethernet scale-out switches, and the custom XPU designs that sit inside data centers I will never visit but whose economics I want to own for the next decade.
The receipts back the story. Q1 FY2027 revenue came in at $2.418 billion, up 27.6% year over year, with the Data Center segment doing $1.833 billion, or 76% of revenue. Management guided Q2 to $2.7 billion at the midpoint, implying roughly 35% year-over-year growth, and CEO Matt Murphy said plainly, “We expect revenue growth to continue accelerating each quarter throughout fiscal 2027.” That is a company riding the wave with visibility into accelerating growth.