Overview
- RBC’s Srini Pajjuri raised Marvell’s target to $170 this week, citing rising orders tied to Amazon’s Trainium chips and modeling about $1.6 billion in AWS custom‑silicon revenue this year while warning that tight 3nm wafer supply could cap upside.
- Nvidia finalized a $2 billion investment and partnership with Marvell on March 31, linking Marvell’s custom chips and networking to Nvidia’s NVLink Fusion platform for large AI systems.
- Marvell confirmed Tuesday it acquired Polariton Technologies to add plasmonics‑based silicon photonics, a low‑power optical approach that packs more data lanes into data‑center interconnects that shuttle bits between chips.
- Reports say Google is in advanced talks with Marvell to co‑develop a memory processing unit that eases data bottlenecks and a TPU for AI inference, but the companies have not confirmed the talks and some analysts urge caution given the source’s mixed track record.
- Shares have climbed more than 70% in recent weeks on AI deal flow and results, following record Q4 revenue of $2.2 billion and earnings of $0.80 a share driven by data‑center sales.