Marvell’s Road to $90B: The 3 Moves Behind the Boldest Target in AI Chips

Investors don’t have to bet on Nvidia (NVDA) alone to benefit from AI chip spending. Marvell Technology (MRVL) ranks among the top global chipmakers, thanks to its role in custom AI chips and data center connectivity. As companies develop more of their own processors due to the AI boom, Marvell could benefit from designing those chips and connecting the systems around them. This opportunity has led management to raise its fiscal 2028 revenue target to $20 billion. But can earnings grow fast enough to justify the stock’s valuation?

Custom AI Chips Are Just One Part of Marvell’s Growth Story