Marvell Technology: Potential Upcycle Coming Ahead In FY 2026

Morsa Images Investment summary My recommendation for Marvell Technology (NASDAQ:MRVL) is a buy rating. I believe the worst of the cycle is over for MRVL, and it should start to enter the upcycle as early as 2H25, which should drive strong growth acceleration in FY26. Over the long term, I am also bullish on MRVL's ability to continue growing its data center business, as it has a leading position in the 800g PAM4 optics solution, which has been a key driver in its ability to win more AI deals. Business  ...