By Piranha Profits Team
Last updated on June 19, 2026
MRVL is sitting at $310.58 today. Six months ago, it was trading around $90.
On June 2, 2026, Nvidia CEO Jensen Huang walked onto the Computex stage in Taipei alongside Marvell CEO Matt Murphy.
Huang declared Marvell's essential role in data center connectivity, the plumbing that lets AI computing orchestrate itself across distributed systems.
https://www.digitimes.com/news/a20260602VL210/nvidia-ceo-marvell-jensen-huang-computex.html
Shares surged 32.52% on that single day.
But this wasn't just hype from an industry cheerleader. Nvidia had something tangible at stake: the chip giant had taken a $2 billion stake in Marvell three months earlier as part of a broader partnership.
Sequence of Events
March 5, 2026 — Blowout FY2026 earnings. Marvell delivered full-year net revenue of around $7.8 billion, a 42% year-over-year increase and a new company record. The stock jumped roughly 20% in a single session.
March 31, 2026 — The Nvidia deal. Shares surged after Nvidia announced a $2 billion strategic investment alongside a partnership that integrates Marvell's XPUs with Nvidia's NVLink Fusion technology.
June 2, 2026 — Computex. The Jensen Huang moment. +32% in a day.
And on 22th June 2026, MRVL is scheduled to join the S&P 500 Index.
What Does StockOracle™ Says About MRVL
The Financials Trend Chart tells the foundational story clearly. Revenue has gone from roughly $2.5B in 2018 to $7.8B+ in FY2026.
Free cash flow is growing alongside it, though net income has been volatile and net profit margin over 5 years averages just -2.38%. Marvell's GAAP earnings have been depressed by heavy stock-based compensation and acquisition amortisation.
The Valuation Chart shows the full spread of methods.
The longer-dated 20-year DCF models ($427–$651 range) are actually quite bullish, capturing the compounding effect of sustained AI-driven growth. Only if the sustained growth rates of MRVL can meet analyst estimates.
OracleValue™ estimates MRVL at an intrinsic value of $110.19 per share as of 19th June 2026.
OracleMoat™ rating of Narrow Moat means that StockOracle™ identifies MRVL’s competitive advantages, but not a wide and durable moat.
Marvell's AI revenue is concentrated in a handful of hyper-scaler relationships (Amazon Trainium, Google TPU, Microsoft co-packaged optics). If one of those contracts shifts or a hyper-scaler decides to bring more silicon in-house, the revenue profile can reprice sharply downward.
This means that the technology and product itself scores high on moat but its customer base suggests one that can easily replace Marvell.
