Added to YB: 2024-05-02
Pitch date: 2024-04-29
MRVL [bullish]
Marvell Technology, Inc.
+62.96%
current return
Author Info
Company Info
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally.
Market Cap
$93.3B
Pitch Price
$67.20
Price Target
N/A
Dividend
0.22%
EV/EBITDA
35.34
P/E
34.76
EV/Sales
11.65
Sector
Semiconductors and Semiconductor Equipment
Category
growth
The AI Datacenter, Marvell's Strategy
MRVL: AI to be 30% of rev ($1.5B) in FY24 vs 10% ($550M) in FY23. Custom AI accelerators for hyperscalers a 45% CAGR opp (won 3 sockets). Interconnect biz (Ethernet, InfiniBand, DCI optics) also strong on exploding AI bandwidth needs. 51.2Tb 5nm switch launched. AI TAM 32% CAGR.
Read full article (17 min)