We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can MRVL's Integration With NVIDIA be the Next Growth Engine?
Read MoreHide Full Article
Key Takeaways
Marvell Technology expands NVIDIA partnership to integrate into NVLink Fusion and AI-RAN ecosystems.
MRVL gains access to AI factory demand, combining its silicon with NVIDIA's CPUs, GPUs and networking tech.
Data center drove 74.4% of MRVL revenues, hitting $6.1B with 46.5% growth, fueling outlook.
Marvell Technology (MRVL - Free Report) recently expanded its partnership with NVIDIA to strengthen its long-term growth outlook by embedding it deeper into the fast-growing AI infrastructure ecosystem. MRVL will integrate into NVIDIA’s AI ecosystem like NVLink Fusion and AI-RAN, enabling customers to build custom AI XPU systems that remain fully compatible with NVIDIA platforms.
By integrating with NVIDIA’s NVLink Fusion platform, Marvell Technology gains direct access to customers building next-generation AI factories, where demand for high-speed connectivity and custom silicon is rising sharply. NVIDIA is contributing core technologies, including CPUs, GPUs, networking and switches, while MRVL brings custom silicon, optical interconnects and silicon photonics.
This positions Marvell Technology as a key enabler of scalable AI systems rather than just a component supplier. NVIDIA’s $2 billion investment also signals strong confidence in Marvell’s capabilities, which could attract more large-scale customers. As AI workloads expand across cloud and 5G/6G networks, this partnership enhances Marvell Technology’s revenue visibility and opens new high-margin opportunities among hyperscaler and AI data center customers.
The partnership will enable MRVL to make it a strong beneficiary of the accelerating AI infrastructure buildout. MRVL has already posted strong results in fiscal 2026, with 74.4% of revenues coming from the data center business, which reached $6.1 billion. Given the contribution to MRVL’s top line and the year-over-year growth rate of 46.5%, the data center business has now become the main growth engine for MRVL.
How Competitors Fare Against MRVL
Broadcom (AVGO - Free Report) is one of the leading suppliers of custom silicon solutions for data center, service provider and enterprise networking customers. Broadcom’s advanced 3.5D XDSiP packaging platform is specifically designed to enhance the performance and efficiency of custom AI XPUs.
Advanced Micro Devices (AMD - Free Report) is another player in the custom silicon solutions and AI accelerator space with its semi-custom SoC offerings and Instinct Accelerators that power numerous data centers. Advanced Micro Devices’ reconfigurable Alveo Adaptable Accelerator Cards are used to speed up compute-intensive applications in data centers.
While Broadcom and Advanced Micro Devices are formidable players in the custom silicon space for AI acceleration, Marvell Technology’s deep partnership with NVIDIA provides MRVL the necessary support to sustain in this space.
MRVL's Price Performance, Valuation and Estimates
Shares of Marvell Technology have gained 91.7% in the past year compared with the Zacks Electronics - Semiconductors industry’s appreciation of 92.8%.
MRVL Twelve-Month Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, Marvell Technology trades at a forward price-to-sales ratio of 8.12X, higher than the industry’s average of 7.1X.
MRVL Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MRVL’s fiscal 2027 and 2028 earnings implies year-over-year growth of 34% and 40%, respectively. The estimates for fiscal 2027 and 2028 have been revised upward in the past 30 days.
View the Zacks #1 Rank List
Image: Bigstock
Can MRVL's Integration With NVIDIA be the Next Growth Engine?
Key Takeaways
Marvell Technology (MRVL - Free Report) recently expanded its partnership with NVIDIA to strengthen its long-term growth outlook by embedding it deeper into the fast-growing AI infrastructure ecosystem. MRVL will integrate into NVIDIA’s AI ecosystem like NVLink Fusion and AI-RAN, enabling customers to build custom AI XPU systems that remain fully compatible with NVIDIA platforms.
By integrating with NVIDIA’s NVLink Fusion platform, Marvell Technology gains direct access to customers building next-generation AI factories, where demand for high-speed connectivity and custom silicon is rising sharply. NVIDIA is contributing core technologies, including CPUs, GPUs, networking and switches, while MRVL brings custom silicon, optical interconnects and silicon photonics.
This positions Marvell Technology as a key enabler of scalable AI systems rather than just a component supplier. NVIDIA’s $2 billion investment also signals strong confidence in Marvell’s capabilities, which could attract more large-scale customers. As AI workloads expand across cloud and 5G/6G networks, this partnership enhances Marvell Technology’s revenue visibility and opens new high-margin opportunities among hyperscaler and AI data center customers.
The partnership will enable MRVL to make it a strong beneficiary of the accelerating AI infrastructure buildout. MRVL has already posted strong results in fiscal 2026, with 74.4% of revenues coming from the data center business, which reached $6.1 billion. Given the contribution to MRVL’s top line and the year-over-year growth rate of 46.5%, the data center business has now become the main growth engine for MRVL.
How Competitors Fare Against MRVL
Broadcom (AVGO - Free Report) is one of the leading suppliers of custom silicon solutions for data center, service provider and enterprise networking customers. Broadcom’s advanced 3.5D XDSiP packaging platform is specifically designed to enhance the performance and efficiency of custom AI XPUs.
Advanced Micro Devices (AMD - Free Report) is another player in the custom silicon solutions and AI accelerator space with its semi-custom SoC offerings and Instinct Accelerators that power numerous data centers. Advanced Micro Devices’ reconfigurable Alveo Adaptable Accelerator Cards are used to speed up compute-intensive applications in data centers.
While Broadcom and Advanced Micro Devices are formidable players in the custom silicon space for AI acceleration, Marvell Technology’s deep partnership with NVIDIA provides MRVL the necessary support to sustain in this space.
MRVL's Price Performance, Valuation and Estimates
Shares of Marvell Technology have gained 91.7% in the past year compared with the Zacks Electronics - Semiconductors industry’s appreciation of 92.8%.
MRVL Twelve-Month Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, Marvell Technology trades at a forward price-to-sales ratio of 8.12X, higher than the industry’s average of 7.1X.
MRVL Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MRVL’s fiscal 2027 and 2028 earnings implies year-over-year growth of 34% and 40%, respectively. The estimates for fiscal 2027 and 2028 have been revised upward in the past 30 days.
Image Source: Zacks Investment Research
Marvell Technology currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.