Marvell Completes Acquisition of Celestial AI, Boosting AI Capabilities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy MRVL?
Source: Newsfilter
Marvell Technology Inc. shares rose by 6.39% as the stock crossed above its 5-day SMA, reflecting positive market conditions.
The company has completed its acquisition of Celestial AI, a leader in optical interconnect technology, which is expected to enhance Marvell's capabilities in AI and cloud data center architectures. This acquisition is projected to contribute revenue starting in the second half of fiscal 2028, with an annualized run rate reaching $500 million in Q4 of fiscal 2028 and potentially doubling to $1 billion by Q4 of fiscal 2029, indicating strong long-term growth potential.
This strategic move positions Marvell as a key player in the rapidly growing AI data center market, potentially attracting more investor interest and enhancing its competitive edge in the industry.
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Analyst Views on MRVL
Wall Street analysts forecast MRVL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MRVL is 120.12 USD with a low forecast of 85.00 USD and a high forecast of 156.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
22 Buy
8 Hold
0 Sell
Moderate Buy
Current: 74.210
Low
85.00
Averages
120.12
High
156.00
Current: 74.210
Low
85.00
Averages
120.12
High
156.00
About MRVL
Marvell Technology, Inc., together with its subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. The Company is engaged in the design, development, and sale of integrated circuits. Its product solutions serve various end markets: data center, enterprise networking, carrier infrastructure, consumer, and industrial. Its product offerings include CXL, Data Processing Units, Security Solutions, Coherent DSPs, Coherent-lite DSPs, Data Center Switches, DCI Optical Modules, Enterprise Switches, Ethernet Controllers, Ethernet PHYs, PCIe Retimers, Linear Drivers, PAM DSPs, Transimpedance Amplifiers, Fiber Channel, HDD, Storage Accelerators, and SSD Controllers. The Company develops semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for artificial intelligence, data center, compute, networking, carrier, storage, aerospace, and defense applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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