Marvell Technology (MRVL) has expanded its partnership with NVIDIA, aiming to deepen integration into the AI infrastructure ecosystem. By embedding its technology into NVIDIA’s NVLink Fusion and AI-RAN platforms, Marvell will support the development of custom AI XPU systems, enhancing the compatibility for customers seeking high-speed connectivity solutions.
This partnership comes as Marvell reports that 74.4% of its revenues in fiscal 2026, totaling $6.1 billion, stemmed from the data center business, which saw a year-over-year growth rate of 46.5%. NVIDIA’s $2 billion investment reinforces confidence in Marvell’s capabilities, potentially attracting more large-scale customers as demand for AI expands across cloud and 5G/6G networks.
Marvell’s shares have increased by 91.7% over the past year, slightly trailing behind the Zacks Electronics – Semiconductors industry’s 92.8% gain. The company trades at a forward price-to-sales ratio of 8.12X, above the industry average of 7.1X. The Zacks Consensus Estimate for MRVL’s fiscal 2027 and 2028 earnings suggests year-over-year growth of 34% and 40%, respectively.
