Investors are asking the wrong question about the company’s landmark Google agreement, according to Marvell Technology Inc. (NASDAQ:MRVL) CEO Matt Murphy.
Analysts spent much of Thursday’s earnings call trying to quantify how much revenue Google’s newly disclosed commercial agreement could generate. Murphy’s answer wasn’t a number. Instead, it was a signal: Wall Street’s existing models may already be too low.
“If you took the full performance and the full opportunity, then you’re right. It’s just a monster number.”
The remark captured what may have been the call’s biggest takeaway—not that Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google represents another large AI customer, but that Marvell believes the agreement materially expands the company’s long-term earnings power.
Marvell Says Google’s AI Opportunity Extends Well Beyond Current Forecasts
