$MRVL This guidance genuinely caught me off guard.
The midpoint of the company’s own revenue target for fiscal 2031 is $80 billion, while Wall Street’s consensus estimate is only $46.85 billion—a gap of about 71%.
This isn’t a minor bump in guidance; it goes straight against market expectations.
They also said revenue from custom chips is expected to reach $12 billion in fiscal 2029.
The stock jumped 5.8% that day.
I’ve been keeping a close eye on hyperscalers developing their own AI chips. If a custom-chip maker like Marvell really captures this wave of demand, the potential upside is definitely significant.
The midpoint of the company’s own revenue target for fiscal 2031 is $80 billion, while Wall Street’s consensus estimate is only $46.85 billion—a gap of about 71%.
This isn’t a minor bump in guidance; it goes straight against market expectations.
They also said revenue from custom chips is expected to reach $12 billion in fiscal 2029.
The stock jumped 5.8% that day.
I’ve been keeping a close eye on hyperscalers developing their own AI chips. If a custom-chip maker like Marvell really captures this wave of demand, the potential upside is definitely significant.
