The most recent trading session ended with Marvell Technology (MRVL) standing at $69.13, reflecting a +0.74% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.37%.Prior to today's trading, shares of the chipmaker had lost 2.17% over the past month. This has lagged the Business Services sector's gain of 8.35% and the S&P 500's gain of 3.8% in that time.The investment comm ...

Investment Rating - The report assigns a "Buy" rating to the company with a target price of $91.35 based on a 12x PS for FY25 [2][3]. Core Views - The company is a leading manufacturer of Ethernet communication chips, positioned to benefit from the upgrade trends in data centers and AI Ethernet networking [2]. - The company has a comprehensive product layout in high-speed communication chips, including optical module DSPs, switch chips, and Ethernet PHY chips, which are expected to see increased demand due to the growth of 800G optical modules and AI networking applications [2]. - The company has strong technical capabilities in automotive Ethernet, being the first to achieve 1G and 10G automotive Ethernet PHY chips, which positions it well to benefit from the trend of automotive intelligence [2]. Summary by Sections Company Overview - The company has transitioned from consumer electronics to data centers, acquiring a complete product line for high-speed connections, including optical module DSPs and Ethernet chips [11]. - The revenue from data centers, operator infrastructure, and enterprise networks has become the main growth driver, while the share of revenue from consumer electronics has decreased significantly [14]. Data Center Transformation - The company is expected to see revenue of $5.698 billion in FY24, with a slight decline of 3.74%, followed by growth of 15.49% and 8.93% in FY25 and FY26, respectively [1]. - The company is positioned to benefit from the increasing data transmission rates in data centers, with major cloud providers upgrading to 400G and 800G speeds [19]. Automotive Ethernet Applications - The automotive Ethernet market is expected to grow significantly as the complexity of automotive electronic systems increases, with the company being a key player in this transition [51]. - The company has a strong technical foundation in automotive Ethernet, which is expected to see increased penetration due to the demand for higher bandwidth and lower latency [57]. Financial Projections - The company is projected to have a negative net profit of $513 million in FY24, improving to a loss of $129 million in FY25 and $19 million in FY26 [1]. - The P/S ratio is expected to decrease from 10.25 in FY24 to 8.15 in FY26, indicating a potential improvement in valuation as revenues grow [1]. Market Opportunities - The global market for Ethernet switch chips is expected to exceed $3.5 billion by 2028, with the company being one of the few capable of producing 51.2T Ethernet switch chips [22]. - The company is also expected to benefit from the increasing demand for AI-related custom chips, with significant revenue contributions anticipated from cloud providers [38].

Industry-leading compute and connectivity products advancing 5G networks BARCELONA, Spain, Feb. 26, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it will showcase its latest product and partner portfolio for carrier infrastructure at MWC Barcelona 2024, the world's largest connectivity event, taking place February 26-29, 2024. To address massive mobile data growth, carriers are accelerating 5G deployment and evolving th ...

Adding OCTEON® 10 processor to Linux Foundation's Datapath Developer Kit and the Apache device library provides ML model developers standardized API access to the chip's ML/AI acceleration engine. Improves the performance of 5G RAN networks by enabling OEMs and operators, such as Nokia and Vodafone, to easily develop and implement innovative ML/AI models using open-source tools. BARCELONA, Spain and SANTA CLARA, Calif., Feb. 26, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in dat ...

With the stock market reaching new record highs, the list of stocks to sell grows. Driven in part by expectations around artificial intelligence (AI) developments, several companies have become significantly overextended relative to their underlying financial performance.While broader economic and monetary conditions support ongoing gains across indices, not all firms will be wise long-term investments, with some stocks to sell. Valuations have expanded sharply alongside rising markets,. The S&P 500 now tra ...

In the latest market close, Marvell Technology (MRVL) reached $65.52, with a +0.74% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.13%. Meanwhile, the Dow experienced a rise of 0.13%, and the technology-dominated Nasdaq saw a decrease of 0.32%.Prior to today's trading, shares of the chipmaker had lost 7.88% over the past month. This has lagged the Business Services sector's gain of 5.03% and the S&P 500's gain of 2.99% in that time.The upcoming earnings release of Ma ...

In the latest trading session, Marvell Technology (MRVL) closed at $65.04, marking a -1.89% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.6%. On the other hand, the Dow registered a loss of 0.17%, and the technology-centric Nasdaq decreased by 0.92%.The chipmaker's stock has dropped by 5.45% in the past month, falling short of the Business Services sector's gain of 6.58% and the S&P 500's gain of 3.56%.Market participants will be closely following the financial r ...

Marvell Technology (MRVL) closed at $68.96 in the latest trading session, marking a +1.22% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.96%. On the other hand, the Dow registered a gain of 0.4%, and the technology-centric Nasdaq increased by 1.3%.The the stock of chipmaker has risen by 3.98% in the past month, lagging the Business Services sector's gain of 5.87% and overreaching the S&P 500's gain of 3.69%.The investment community will be paying close attention ...

Marvell Technology (MRVL) closed at $67.70 in the latest trading session, marking a -1.64% move from the prior day. This move lagged the S&P 500's daily loss of 1.61%. Meanwhile, the Dow experienced a drop of 0.82%, and the technology-dominated Nasdaq saw a decrease of 2.23%.The chipmaker's shares have seen an increase of 18.33% over the last month, surpassing the Business Services sector's gain of 1.82% and the S&P 500's gain of 3.28%.The investment community will be closely monitoring the performance of M ...

Amphenol, Keysight Technologies, Molex and TE Connectivity showcase 200G/lane copper links with Marvell DSPs for increasing data center bandwidth SANTA CLARA, Calif., Jan. 31, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, and leading cabling and system partners Amphenol, Keysight Technologies, Molex and TE Connectivity (TE) this week are demonstrating copper interconnects powered by Marvell® 224G long-reach (LR) DSP SerDes operating at ...