Marvell Technology Group Ltd. Aktie News

Predictions about transformative technologies often miss the mark (here are some crazy examples). Artificial intelligence (AI) is carrying the market, and many ask if we are in another bubble.

My recommendation is a buy as I expect the worst of the cycle to be over and strong growth expected in FY26. The company's data center business, particularly in cloud infrastructure and AI, is a key driver of long-term growth. MRVL's cloud custom silicon business is also expected to exceed the $800 million target run rate by the end of CY2024.

Data from S&P Global shows that many U.S. chip giants generate a larger share of revenue from China compared with the U.S. despite increasing trade barriers.

Chipmaker Marvell Technology announced new business making custom AI chips for large U.S.-based cloud computing firms.

Marvell Technology on Thursday said it has won new business helping large U.S.-based cloud computing firms make custom chips for artificial intelligence but that its custom unit carries lower margins than other lines of business.

Marvell's growth is slowing down, but it's expanding its AI business. Qualcomm needs to overcome the smartphone market's cyclical downturn.

Marvell benefits from the AI shift in data centers. KeyBanc maintained an overweight rating on the shares but made a small cut to the price target.

This iron condor trade on Marvell stock has the potential to return 23% if the stock price stays between about 61.50 and 88.50.