Marvell Technology Surges to 14th in Trading Volume with $39.24 Billion Day

On June 18, 2025, Marvell Technology (MRVL) saw a significant surge in trading volume, reaching $39.24 billion, marking a 120.25% increase from the previous day. This substantial rise placed Marvell at the 14th position in terms of trading volume for the day. The stock price of Marvell Technology also increased by 7.07%.

Marvell Technology's stock price jumped after the company expanded its addressable market for custom AI chips. This move is part of Marvell's strategy to capitalize on the growing demand for artificial intelligence applications, which has significantly boosted investor confidence in the company's future prospects.

Following the company's custom AI event, Marvell's stock experienced a notable increase. The event highlighted the company's expanded total addressable market in the custom AI processor business, reinforcing its position as a leader in this rapidly growing sector.

Marvell Technology has raised its total addressable market (TAM) estimate for custom AI chips from $75 billion to $94 billion. This revision underscores the company's optimism about the long-term potential of its AI chip business and its commitment to innovation in this field.

Marvell's strategy to develop custom AI ASICs for cloud service providers has been well-received by analysts. Loop Capital reaffirmed its Buy rating and set a price target of $90, citing Marvell's aggressive investment in research and development to maintain its technological edge.

JPMorgan analysts have issued a positive note on Marvell Technology, reiterating their Overweight rating and predicting that the stock could reach $130 within the next 12 months. The analysts highlighted Marvell's compelling growth strategy for its AI datacenter networking and ASIC business, as well as its contract wins for multi-generation chip slots, which could boost its market share to 20% over the next three years.

Marvell's partnership with Empower Semiconductor on integrated power solutions for its custom silicon platforms further strengthens its position in the next-generation XPU market. This strategic move is expected to enhance Marvell's appeal to hyperscalers and drive long-term growth.

The consensus rating on Marvell Technology remains at Strong Buy, with a mean target price of about $91, indicating potential upside of another 20% from current levels. This bullish sentiment is supported by Marvell's focus on AI and custom silicon solutions, which have become central to its growth strategy.