Overview

• Marvell’s stock climbed nearly 7% on June 18 following its June 17 Custom AI investor event that unveiled an end-to-end platform for next-generation AI infrastructure.
• Analysts at Bank of America, Rosenblatt, Benchmark and Needham reiterated Buy ratings on MRVL shares and raised several price targets.
• The company lifted its total addressable data-center market estimate to $94 billion by 2028, up from a previous forecast of $75 billion.
• Marvell announced a collaboration with Empower Semiconductor to develop optimized integrated power solutions for its custom silicon platforms.
• The event also revealed two new clients for Marvell’s next-generation AI accelerator chips, expanding its custom silicon customer base.