Marvell Technology (MRVL) shares are extending gains on Tuesday morning after the custom artificial intelligence (AI) chips specialist significantly raised its long-term financial guidance. During its Investor Day presentation, management said accelerating demand from AI data centers is now expected to more than double MRVL’s revenue within the next two years.
The upbeat outlook adds to momentum in Marvell stock, which is already trading at more than 3x its price at the start of 2026.