Marvell lifts 2028 revenue outlook to roughly $20 billion on AI data-center demand
Marvell announced a new 2028 revenue target of about $20 billion, driven by strong orders for its data-center chips.
The semiconductor maker raised its forecast from the $18 billion projected in August to roughly $20 billion for 2028, citing robust demand for AI-focused data-center processors. The update sent Marvell shares up nearly 9 % in early trading, adding to a year-to-date surge that has more than tripled the stock’s value. Analysts had been expecting $18.2 billion, according to LSEG data.
Why it matters
The higher forecast signals strong growth for AI-related chip demand, affecting investors and the broader tech supply chain.
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Marvellrevenue forecastAIdata center demandstock riseLSEGearningschip market
