2024-07-10 01:57:45 ET
Summary
- Marvell Technology is underperforming in the market, but has potential for valuation expansion due to changing demand in data center market.
- Marvell's data center revenue is at an all-time high, benefiting from changing trends in AI chip demand from hyperscalers.
- Valuation indicates potential upside of 24-25% for Marvell, with expectations of revenue growth through FY27 and expanding operating margins.
Investment Thesis
Marvell Technology ( MRVL ) is still suffering from the cold it caught a few years ago due to the slowdown in some of its erstwhile growth markets, such as carrier infrastructure and automotive connectivity solutions....
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Marvell Technology: Severely Underappreciated In Round #2 Of AI Chip Wars