Marvell Technology Group Ltd. Aktie News

The semiconductor company's relationship with top customer Amazon Web Services remains intact, Oppenheimer says.

JPMorgan is expecting a solid Q3 reporting season for semiconductor companies, driven by AI demand and ongoing cyclical recovery. The American investment bank, in a note, said it anticipates results to be in line or slightly ahead of expectations, with positive momentum likely to continue into year-end.

Marvell Technology (MRVL 3.00%) has investors increasingly interested in its business.

Artificial intelligence (AI) has been transforming the business landscape at an unprecedented rate. The market researchers at Dell'Oro Group expect global capital spending on AI data centers to surpass $1 trillion by 2029.

Semiconductor companies have a long track record of delivering shareholder returns, and that is certainly the case with Marvell Technology (MRVL 6.27%). The company has existed since 2005, and has spent most of its history being best known for producing chips in the telecom and consumer sectors.

On Monday, AMD (NASDAQ:AMD) made news by entering into a significant agreement with OpenAI, the developer of ChatGPT, to provide tens of thousands of its GPU chips for 6 gigawatts of computing power over the forthcoming five years. The initial gigawatt comprising AMD's next-generation Instinct MI450 chips will be delivered in the latter half of 2026.

Marvell Technology (MRVL 6.27%) is quietly becoming a vital part of the AI data center boom -- but most investors are missing it. With custom chip deals, a $5B buyback, and deep collaborations with Microsoft and Nvidia, Marvell could be one of the most underestimated stocks in the space.

The main pillar of my bull case is Marvell's AI data center momentum, with more than 90% of the revenue driven by AI and Cloud. This segment reported a record $1.49B revenue (+69% y/y), 18+ XPU sockets with new multibillion-dollar wins, and mid-30% y/y growth guided for Q3. Valuation appears attractive relative to Broadcom on a forward P/E basis. Even though Broadcom has more market share, I be...