Marvell Technology Trading Volume Drops 61.91% to $11.03 Billion Ranking 53rd

On June 2, 2025, Marvell Technology (MRVL) saw a trading volume of $11.03 billion, marking a 61.91% decrease from the previous day. The stock ranked 53rd in terms of trading volume for the day, with a 2.13% increase in its share price.

Cantor Fitzgerald analyst C.J. Muse maintained a Neutral rating and a $60.00 price target for Marvell. The company's recent earnings report showed revenues of $1.89 billion and earnings per share (EPS) of $0.62, slightly exceeding consensus estimates of $1.88 billion and $0.61 EPS. Marvell's guidance for the next quarter also surpassed expectations, projecting $2.0 billion in revenue and $0.67 EPS compared to the expected $1.98 billion and $0.66 EPS.

During the earnings call, Marvell's management expressed confidence in the company's AI Custom Silicon business, particularly highlighting its collaboration with Amazon on Trainium 2 and Maia 200. They also noted that Marvell has secured wafer/application processor capacity for Amazon's next-generation 3-nanometer technology, expected to ramp up in 2026. The company anticipates revenue growth from Amazon in the calendar years 2026 and 2027.

However, Marvell also acknowledged potential challenges. The firm expressed concerns that strong demand from cloud providers could lead customers to seek multiple suppliers, potentially lowering Marvell's ASIC volume. Additionally, increased competition could impact the company's gross margins.