2024-06-09 13:15:31 ET
Summary
- Marvell Technology is a key supplier of data center infrastructure semiconductor solutions, with data center business representing over 70% of total revenues.
- Marvell anticipates over $1.5 billion in AI revenues from optics and custom ASIC by FY25.
- The company is well positioned to grow its data center switching portfolio and has a strong growth potential in the data center business.
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Marvell Technology: AI Optics, Custom Silicon & Beyond; Initiate With 'Buy'