Marvell says "agentic AI" could dramatically increase networking, memory and infrastructure demand as AI systems become more complex.

Marvell Technology shares jumped 3.76% in pre-market trading ahead of quarterly earnings amid continued optimism.

Marvell Technology (MRVL) stock surges 142% YTD ahead of Q1 FY2027 earnings, with HSBC, Citi, and Susquehanna raising price targets on AI networking demand.

May 27 : Marvell Technology forecast on Wednesday its custom chip business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers and…

May 27 : Marvell Technology forecast quarterly revenue above estimates on Wednesday, signaling strong demand for its networking and custom silicon chips used in the AI data center…

The chipmaker posted record quarterly revenue of $2.42 billion and guided for $2.70 billion next quarter, citing exceptional AI-related bookings

Marvell says "agentic AI" could dramatically increase networking, memory and infrastructure demand as AI systems become more complex.

Marvell Technology's stock falls despite upbeat Q1 results. Analysts maintain Buy ratings with price targets on continued AI-related demand.

Marvell stock gets a wave of target hikes as analysts bet on AI growth, though valuation concerns keep Wall Street divided.