Marvell Technology Holders Are Up 212% And The Case Never Cleared - Simply Wall Street
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If you only skimmed the headlines about Nvidia’s Jensen Huang calling Marvell Technology the "next trillion-dollar company," you might assume the share price story was always obvious. Holding Marvell Technology over the past year would have returned 211.7%, including dividends. If an investor had bought on 1 October 2025, facing loud bull arguments and clear concentration risks, what exactly in the record would have justified taking that swing? This theme extends beyond Marvell Technology. See which of 90 AI infrastructure stocks may still merit a closer look. The Two Stories Investors Were Really Buying In Marvell Technology The shares cost US$83.89 at the start of the period, and anyone looking at Marvell Technology had to choose between two sharply different stories built on the same AI data center theme. On the optimistic side, the bull Narrative argued that custom silicon and optical interconnects would transform AI data centers. It suggested a Fair Value of US$133, a notional price implied by those assumptions. That view leaned on expected revenue growth of 23.5% a year and profit margins rising from a small loss to 85%.
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