Marvell Technology Inc. (NASDAQ: MRVL) is aiming for the stratosphere, and so far, investors seem willing to bet that the semiconductor maker will achieve its goal. At the company's Oct. 6 Investor Day, it outlined a massively ambitious revenue growth trajectory that could lead to a projected $70 billion to $90 billion in fiscal 2031 revenue.
Many factors could contribute to this significant and sustained growth period—the forecast suggests a minimum annualized growth rate of 54% over the coming five years—but one of the most important is the company's business connecting AI chips to data centers.
