MARVELL TECH GROUP

NVIDIA CEO Jensen Huang called Marvell Technology at Computex a possible “next trillion‑dollar company,” saying Marvell is positioned as a market leader in connectivity solutions for AI data centers. Marvell is seeing strong revenue growth: sales recently rose to about $2.42 billion, data centers now account for 75% of the business, and management projects roughly $16.5 billion in annual revenue by 2028. Despite the growth, the stock is already richly valued (historical P/E ~99, forward P/E ~71), so a fourfold increase to the trillion mark looks challenging and investors should plan for a multi‑year time horizon. » Altro su finanzen.net

Marvell and AMD are among the biggest winners in a broad recovery in semiconductor stocks: Marvell rose about 10.3% on the week and is up roughly 228% so far in 2026, while AMD gained about 15% on the week and 137% year-to-date. B. Riley raised its price target for Marvell, citing the CFO change, the confirmed earnings positioning and the upcoming inclusion in the S&P 500 on June 22, which is likely to trigger technical demand. Analyst upgrades and re-ratings (including Citigroup on AMD) are supporting the rally, while falling oil prices and the upcoming Fed rate decision are additionally affecting sentiment in the sector. » Altro su finanzen.net

Marvell reported record Q1 revenue of $2.42 billion, driven by a 27% year-over-year increase in its Data Center segment to $1.83 billion, and posted adjusted EPS of $0.80. Management raised fiscal 2027 revenue guidance to about $11.5 billion and sees fiscal 2028 revenue near $16.5 billion as AI custom silicon, optical interconnects and hyperscaler demand accelerate. Non-GAAP operating margins reached 35% despite acquisition-related GAAP charges, and management expects revenue growth to accelerate each quarter of fiscal 2027. » Altro su finance.yahoo.com