Marvell Technology Stock: AI Growth Outlook vs Weak Price ActionMarvell Technology (NASDAQ: NASDAQ:MRVL ) posted stronger-than-expected Q3 earnings, delivering $0.76 EPS on $2.08B revenue, slightly beating analyst expectations. Despite the beat, shares slipped over 5% after-hours, largely due to market concern around short-term margins and spending tied to the company’s latest acquisition.
Management delivered upbeat guidance for Q4, forecasting $0.79 EPS at the midpoint with $2.20B revenue, both above Wall Street estimates. The company expects full-year revenue to grow above 40%, driven primarily by accelerating demand across AI datacenter infrastructure.
A major highlight is Marvell’s acquisition of Celestial AI, a photonics-focused startup positioned in the next wave of high-speed, low-power interconnects. The acquisition deepens Marvell’s footprint in AI compute and networking, a segment CEO Matt Murphy says is entering a “multi-year expansion cycle.” The company also noted that AI datacenter revenue growth for next year is now expected to exceed earlier projections, reinforcing Marvell’s positioning among key semiconductor names benefiting from hyperscale AI investment.
Still, investors appear cautious as broader semiconductor valuations stay elevated. While fundamentals point to strong growth into 2026, short-term stock weakness reflects concerns about execution risk, integration expenses, and near-term volatility across the AI chip supply chain.
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MRVL remains in a broad uptrend, respecting a rising trendline from mid-2025. Price recently rejected resistance near $97, pulling back toward the $73 support zone, which aligns with the trendline. If this zone continues to hold, bulls maintain control with upside targets $127.
A breakdown below the trendline exposes $61 and $47 support levels. RSI remains neutral-bullish, supporting continuation if volume returns.
