Marvell Technology Inc MRVL shares are trading higher by 15.8% to $125.30 since Friday’s open. The stock is likely being bolstered by Broadcom's impressive earnings report from last week and its upbeat projections for AI growth, which underscored the immense potential in the custom chip (ASIC) market.
Both companies are major players in developing ASICs tailored for hyperscale AI infrastructure, essential for data centers supporting advanced AI workloads and the proliferation of generative AI models.
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What Happened: Broadcom last week revealed its AI-related revenue is set to grow from $15-$20 billion in 2024 to $60-$90 billion by 2027, driven by surging demand from hyperscalers like Google.
While Broadcom leads in deploying 3nm ASICs, Marvell is well-positioned to benefit from this trend, serving overlapping customers with a complementary portfolio of custom chips and networking solutions critical for AI cluster performance.
The AI market’s rapid expansion, with Broadcom projecting a 40%-50% annual growth rate in AI revenues, validates strong demand for ASIC technology. Marvell’s expertise in high-speed data transport and networking, which connects compute nodes in AI systems, aligns it with this momentum.
Investors might see Marvell as a natural beneficiary of the growing AI serviceable available market, as it strengthens partnerships with hyperscalers and accelerates its own next-gen ASIC roadmap.
How To Buy MRVL Stock
By now you're likely curious about how to participate in the market for Marvell Tech – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Marvell Tech, which is trading at $124.6 as of publishing time, $100 would buy you 0.8 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, MRVL has a 52-week high of $126.12 and a 52-week low of $53.19.
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