Marvell Technology Soars 5.74% on AI Revenue Surge

Marvell Technology's stock price surged by 5.74% in pre-market trading on May 29, 2025, reflecting strong investor confidence in the company's future prospects.

Marvell Technology is projected to achieve significant growth in its AI revenue, with estimates suggesting it could reach between $1.8 billion and $2.0 billion for the fiscal year 2025. This projection surpasses previous management guidance of $1.5 billion, indicating robust demand for the company's AI ASICs and networking products.

JPMorgan analyst Harlan Sur has reiterated an "Overweight" rating on Marvell Technology, with a price target of $130.00. Sur anticipates a steady increase in volume for Marvell's AI ASIC programs, robust demand for 800G products, and the initial ramp of 1.6T optical DSPs. These trends are expected to drive cyclical recovery in the enterprise and carrier segments, with April quarter results projected to reach around $1.875 billion and guidance for the July quarter estimated to exceed $2.00 billion.

Marvell's custom ASIC partnerships, including collaborations with Amazon and Microsoft, are also expected to contribute to long-term growth. The company's AI ASICs and networking revenues are projected to reach $4 billion this year, driven by strong growth in the datacenter segment and new product cycles.