Marvell Technology poised for growth in AI chip market, expected solid performance

From Nasdaq: 2024-12-01 07:45:00

Nvidia dominates the AI chip market, posting a 94% revenue increase to $35.1 billion in Q3 2025. Despite strong earnings, stock performance has been lackluster due to concerns over growth slowing down and valuation. Marvell Technology, a competitor, is set to release Q3 results on Dec. 3, with potential for solid performance and stock growth.

Marvell benefits from demand for custom AI chips, expecting revenue of $1.45 billion in Q3. The company is projected to reach $5.54 billion in revenue for fiscal 2025. With long-term prospects looking bright, Marvell anticipates significant growth in its AI revenue and total addressable market, positioning itself for success in the AI chip market.

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Read more at Nasdaq: Prediction: This Artificial Intelligence (AI) Chip Stock Is Going to Skyrocket After Dec. 3