Overview
- Marvell shares have climbed 22% over five sessions, setting fresh record closes and drawing new interest from investors focused on AI hardware build‑outs.
- Oppenheimer raised its price target to $170 and said data center sales could make up about three quarters of revenue thanks to Marvell’s copper and optical products.
- The company’s custom AI chips are expanding, with Amazon already a customer and Microsoft expected to ramp in the second half of 2026 according to Oppenheimer.
- Marvell executives told investors ASIC revenue could double to $4 billion next year and surpass $10 billion by 2028, signaling a larger role inside cloud data centers.
- Recent upgrades reinforced the trend, with Barclays forecasting optical port shipments to double in 2026 and again in 2027, which it says could lift Marvell’s optical segment by roughly 90% across those years.