Marvell Technology(MRVL) The Motley Fool·2025-01-04 15:00Stock Performance - Marvell Technology shares rallied 19 2% in December and finished the year up 83% [1] Financial Performance - Marvell grew revenue 7% to 0 43 beating analyst expectations [2] - The company guided for $1 8 billion in revenue for the current quarter representing 19% sequential growth or 99% annualized growth [5] Segment Performance - Data center segment revenue surged 98% year-over-year now accounting for 73% of total revenue up from 39% a year ago [4] - Other segments including enterprise networking carrier telecom equipment consumer electronics and auto industrial applications are in a harsh downcycle [3] Strategic Developments - Marvell announced a five-year deal with Amazon to collaborate on AI data center infrastructure including custom ASICs and digital optical networking chips [5] - The company unveiled a new memory interface to boost ASIC speed and efficiency and introduced the industry's first 1 6 terabyte-per-second PAM4 digital signal processor for AI communications [6] Valuation and Outlook - Marvell trades at 43 times forward earnings estimates reflecting a premium valuation [7] - The company's future performance hinges on the strength and duration of the AI buildout with potential risks of overvaluation if growth slows [7]