Marvell Technology’s AI Business Fuels Record Quarter Amid Mixed Segment Performance

Marvell Technology has delivered an exceptional quarterly performance, powered overwhelmingly by the artificial intelligence revolution sweeping through the technology sector. While the semiconductor designer’s data center revenue nearly doubled, creating record-breaking results, a deeper examination reveals significant disparities across its other business divisions. This raises important questions about whether the company can sustain its current trajectory as AI demand continues to evolve.

The foundation for Marvell’s optimistic fourth-quarter outlook—projecting $1.8 billion in revenue (±5%) representing 19% sequential growth—rests on secured AI chip designs with all major hyperscale cloud providers. The company’s partnership portfolio reads like an industry elite list:

• Collaboration with Meta on the FBNIC Network Read more...