Marvell Technology is a publicly owned company headquartered in the US. Founded in 1995, the company employs approximately 7,870 individuals and primarily focuses on semiconductor manufacturing. The company specializes in being a fabless chipmaker with a focus on networking and storage applications. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with its offerings, which include processors, optical interconnections, application-specific integrated circuits (ASICs), and merchant silicon for Ethernet applications.
On February 22, 2026, analysts trimmed their average price targets on Marvell Technology by a few dollars, reflecting adjusted assumptions for future P/E multiples, though they continue to factor in solid revenue growth and margin expectations, supported by recent research commentary on AI optics and ASIC exposure. Earlier, on February 19, valuation concerns weighed on the stock despite the company delivering record earnings and deep AI data center exposure, with discussions also focusing on execution risk and the Celestial AI acquisition. This follows the completion of Marvell's previously announced acquisition of XConn Technologies on February 18, which expanded Marvell's switching portfolio with XConn's PCIe and CXL products and strengthened its capabilities in scale-up connectivity for next-generation AI and cloud data center architectures.
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