Credo Technology and Marvell Technology are among the top searched chip stocks on Zacks.com, each showing significant growth rates amid increasing investor interest. Credo reported first-quarter revenue of $479 million, a 115% year-over-year increase, with adjusted earnings jumping 131% to $1.20 per share. In contrast, Marvell’s fiscal second-quarter revenue reached a record $2.74 billion, a 37% rise, with adjusted EPS growing 40% to $0.94.
For their fiscal years, Credo is projected to achieve a revenue of $2.5 billion in 2027, marking an 87% increase, while Marvell’s revenue is expected to grow 46% to $12 billion. Although Credo’s share price stands at $150 with a forward P/E of 30, Marvell trades at $221 with a much higher P/E of 72, raising concerns over its valuation against its growth prospects.
Both companies hold a Zacks Rank of #3 (Hold), indicating they are favorable but warrant cautious entry points for investors due to their substantial gains over recent years.
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