Marvell Technology's Stock Drops 52% in Volume as AI Strategy Gains Traction

On June 23, 2025, Marvell Technology, Inc. (NASDAQ: MRVL) experienced a significant decline, with its trading volume reaching $1.631 billion, marking a 52.02% decrease from the previous day. The stock closed at $3.72% lower, marking the second consecutive day of decline, with a total decrease of 5.57% over the past two days.

Marvell Technology, Inc. has been recognized as one of the top 10 AI stocks, with TD Cowen reiterating a "Buy" rating on the stock. This endorsement comes as Marvell continues to gain analyst support for its AI strategy, which focuses on enhancing AI and cloud infrastructure performance through innovative power solutions.

Marvell's latest PIVR power offerings aim to enhance AI and cloud infrastructure performance by increasing power density and cutting transmission losses. The company has partnered with leading vendors to support kilowatt-class compute platforms with more compact, efficient voltage regulation. Marvell introduced its Package Integrated Voltage Regulator (PIVR) power offerings, which better manage the flow of electricity to semiconductors. The offering supports tighter integration of power delivery with the processor, improving performance and power efficiency. Marvell claims up to 2x higher current density and 85% lower transmission losses with PIVR. Key industry players, such as Infineon, MPS, Empower, Ferric, and Endura Technologies, have partnered with Marvell on PIVR. The offering forms part of Marvell’s broader custom cloud strategy focused on delivering optimized infrastructure.

Marvell's PIVR power offerings are designed to boost performance, efficiency, and ROI for hyperscalers running AI and cloud systems. These ready-to-use offerings move away from the usual board-level power setups, bringing power regulation closer to the processor with integrated silicon chips. PIVR shortens the final leg of voltage conversion, offering better voltage control and slashing power loss by up to 85%. It delivers twice the current density of standard designs and supports 4-kilowatt and beyond compute platforms. Partners on this include Infineon, MPS, Empower Semiconductor, Ferric, Photeon, and Endura Technologies.

Marvell's launch of its validated PIVR offerings is a move in chip-level power integration, especially as hyperscalers look for power-efficient solutions. Energy remains a key bottleneck for hyperscalers and data center buildouts. Marvell is betting on PIVR as a core piece of future AI and cloud infrastructure, building on custom silicon and strong partnerships across the power delivery space. Switching from traditional board-level to integrated voltage regulation near or under the chip cuts down electrical path lengths and losses. With PIVR, the voltage can drop from high input to below 1V with better control. Being close to the processor helps it respond faster to changing current demands and frees up board space, which allows more compute power per rack. These changes make PIVR a practical option for powerful new compute platforms.

Marvell has brought together a solid group of partners to help scale PIVR. Infineon adds high-density modules and packaging, while MPS contributes power delivery know-how. Empower, Endura, Ferric, and Photeon offer thermal management and system testing expertise. This teamwork lowers integration risks and speeds up adoption in custom XPU rollouts. The broad support shows that PIVR is ready for real-world use. PIVR fits right into Marvell’s bigger custom cloud game plan, which blends chip packaging, interconnects, memory, and power control. Marvell aims to deliver system-wide performance with silicon built specifically for hyperscale needs. By building PIVR into its chips, the company tightens its grip on the power-performance-efficiency balance. This end-to-end approach helps Marvell get more value out of each chip and build longer-term partnerships, aiming to position itself more competitive in the XPU landscape.