Apr. 15 at 4:47 PM
$MRVL
Marvell Technology (MRVL) is increasingly viewed as a key neutral enabler in AI infrastructure, described as the "Switzerland of interconnect" following investor meetings with management, Oppenheimer said in a Tuesday note.
The broker said management struck an unequivocally bullish tone, raising its revenue outlook to more than
$11 billion this year from about
$9 billion six months ago and projecting revenue of more than
$15 billion in 2027, driven by strong data center demand for networking and custom AI ASICs.