Marvell Technology (MRVL) News Today

Marvell Technology, Inc. (MRVL) saw its shares move lower today as investors weighed strong first-quarter results and upbeat guidance against lingering concerns over its custom AI chips business and fresh rounds of price target cuts from some analysts. The company's record data center revenue and launch of an advanced AI packaging platform boosted sentiment, while doubts about its Amazon and Microsoft partnerships and several downgrades kept pressure on the stock.

• Q1 revenue rose 63% year-over-year to $1.90 billion, topping consensus, with non-GAAP EPS of $0.62 vs. $0.61 estimate.
• Raised Q2 guidance: revenue $1.9–2.1 billion vs. $2.0 billion consensus; EPS guidance $0.62–0.72 vs. $0.67 consensus.
• Data center business tripled over two years, underpinning confidence in AI-driven growth.
• Introduced a modular multi-die packaging platform for AI accelerators, expanding its custom silicon portfolio.
• Several firms, including TD Cowen and Piper Sandler, reiterated buy/overweight ratings and lifted price targets.
• Wall Street analysts remain split ahead of Marvell’s June event, seen as a “moment of truth” for next-gen chips.
• Unusual options activity shows increased call-buying interest, indicating mixed bets on near-term moves.
• Loop Capital, Deutsche Bank, Wells Fargo and others trimmed price targets, reflecting caution on valuation.
• Shares dipped amid lingering investor doubts about Marvell’s ability to secure Amazon and Microsoft AI chip designs.
• Stock has fallen over 7% despite beating earnings, as trade-deal uncertainties and analyst downgrades weighed on sentiment.