Marvell Technology's AI-Driven Growth Prospects and Analyst's Expectations
Friday, 8 March 2024, 21:50
Marvell's data center growth is accelerating
A massive upgrade cycle is underway in the data center market to facilitate AI workloads. Marvell's data infrastructure products are well-positioned to benefit from this trend.
Key Points:
- 39% of Marvell's business is from data centers, with notable revenue growth observed in fiscal Q3.
- Analysts anticipate continued growth in data center revenue, influencing their estimates.
- Projections suggest a revenue decline for fiscal 2024 but growth in fiscal 2025, with a potential EPS of $3.75 by fiscal 2027.
The company's performance is closely tied to the rising demand for AI-related solutions, indicating potential for sustained growth in the stock amidst revenue challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.