Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Marvell Technology (MRVL) has been one of the market’s great artificial intelligence (AI) stories this year. Valued at a market capitalization of roughly $233 billion, MRVL stock has more than tripled year-to-date (YTD), riding a wave of demand for the kinds of chips that keep giant data centers running.
Now, a single date on the calendar — June 22 — will act as a near-term tailwind for the large-cap chip stock. It’s an event that could change who owns shares of Marvell Technology and how many.
More News from Barchart
Why Marvell Technology Stock Has Risen in 2026
Marvell was founded in 1995 and designs high-performance chips used across global data infrastructure, cloud computing, AI, enterprise networking, 5G carrier networks, and automotive systems. In plain terms, Marvell sells the plumbing of the AI buildout. Its specialty is connectivity. When a computing job is broken into pieces and spread across thousands of chips in a data center, those chips need to share data quickly.
Data center revenue for the chipmaker rose 46% last year and is on track to grow about 50% this year, according to CEO Matt Murphy’ remarks at the Bank of America 2026 Global Technology Conference. Murphy also expects roughly 55% growth in the data center business next year. Further, he’s targeting $16.5 billion in revenue for a company that ran at just over $2 billion a year when he took the top job in 2016.
The growth story isn’t tied to one product, either. Murphy and investor relations chief Ashish Saran pointed to three new $1 billion businesses launching in the next year alone, plus an early push into “scale-up” optics expected to bring in $300 million next year.
Nvidia’s Stamp of Approval Lit a Fire Under MRVL Stock
At COMPUTEX 2026 in Taiwan, Nvidia (NVDA) CEO Jensen Huang shared the stage with Murphy and called Marvell the “next trillion-dollar company.” The reaction was instant as MRVL stock soared almost 33% the next day on June 2, its biggest one-day gain ever.
Huang’s logic was simple. As computing gets spread across enormous clusters, connectivity is what ties it all together. In his view, that’s precisely why Marvell has become so essential.
