Key Points
Jensen Huang, CEO of Nvidia (NASDAQ: NVDA), predicts that Marvell Technology (NASDAQ: MRVL), currently valued at $220 billion, could become the next $1 trillion company. For this projection to materialize, Marvell would need to achieve a stock price of $1,140 and significantly increase its earnings per share (EPS) from an estimated $4.05 for fiscal year 2027 to $38.
While Marvell competes with Nvidia in custom AI chips for Amazon Web Services, it also partners with Nvidia on networking technology to ensure compatibility in future data centers. This collaboration exemplifies the multi-entity nature of the AI arms race, suggesting room for multiple winners in the market.
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