Evercore ISI's outlook suggests that the custom AI chip market could expand to between $30 billion and $50 billion by 2030. Marvell (NASDAQ:MRVL) is well-positioned to potentially capture up to one-third of this market, according to the firm's estimates.
The company's strong momentum is reflected in its impressive 44.7% price return over the past six months. In light of these projections and Marvell's performance, Evercore ISI has raised its estimates alongside the price target while reiterating its positive stance on the stock. For deeper insights into Marvell's valuation and 14 additional ProTips, including detailed financial health analysis, visit InvestingPro, where you'll find comprehensive research reports and expert analysis.
Evercore ISI's outlook suggests that the custom AI chip market could expand to between $30 billion and $50 billion by 2030. Marvell is well-positioned to potentially capture up to one-third of this market, according to the firm's estimates. The company's strong momentum is reflected in its impressive 44.7% price return over the past six months.
In light of these projections and Marvell's performance, Evercore ISI has raised its estimates alongside the price target while reiterating its positive stance on the stock. For deeper insights into Marvell's valuation and 14 additional ProTips, including detailed financial health analysis, visit InvestingPro, where you'll find comprehensive research reports and expert analysis.
The company's trajectory in the AI sector is further supported by a recently signed five-year agreement with Amazon (NASDAQ:AMZN) Web Services (AWS). Additionally, Marvell has hinted at an even larger program it is developing for another major client, referred to as "Customer C," which is believed to be Microsoft (NASDAQ:MSFT). These developments contribute to Evercore ISI's confidence in Marvell's positioning within the custom AI chip market.
Evercore ISI's outlook suggests that the custom AI chip market could expand to between $30 billion and $50 billion by 2030. Marvell is well-positioned to potentially capture up to one-third of this market, according to the firm's estimates. The company's strong momentum is reflected in its impressive 44.7% price return over the past six months.
In light of these projections and Marvell's performance, Evercore ISI has raised its estimates alongside the price target while reiterating its positive stance on the stock. For deeper insights into Marvell's valuation and 14 additional ProTips, including detailed financial health analysis, visit InvestingPro, where you'll find comprehensive research reports and expert analysis.
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