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How MRVL's Celestial AI Acquisition Fills Its Critical Technology Gap?
ZACKS· 2026-02-26 16:15
Key Takeaways MRVL acquired Celestial AI to add Photonic Fabric for high-bandwidth AI scale-up networks.Marvell Technology targets $500M run rate by fiscal 2028 and $1B by fiscal 2029 from the deal.MRVL trades at 7.11X forward P/S, below industry average, despite 32.3% YTD share decline.Marvell Technology (MRVL) is one of the leading players in the AI-connectivity space with its portfolio covering Ethernet, SerDes, DSPs, PCIe retimers and switches. The company has recently completed the acquisition of Celes ...