Marvell Technology

MRVL

Market cap $70.4B

Marvell Technology, Inc.'s Celestial AI acquisition targets the emerging AI scale-up interconnect market, expanding data-center total addressable market beyond $10 billion. AI architectures are shifting toward multi-rack scale-up fabrics, driving demand for low-latency, power-efficient photonic interconnect solutions. Celestial AI's photonic chiplets offer superior efficiency, nanosecond latency, and 3D co-packaging benefits that enable higher HBM density.

A fresh look at global semiconductor supply chains is reshaping analyst views as hyperscaler demand accelerates and memory constraints tighten across the industry.

Marvell Technology (MRVL) closed at $83.45 in the latest trading session, marking a -1.41% move from the prior day.

Marvell Technology expands AI connectivity with XConn and Celestial AI deals, boosting UALink and CXL plans while eyeing revenue gains and balance-sheet risks.

Marvell Technology is reiterated as a buy, citing undervaluation and strategic positioning, despite recent negative returns. Marvell reported 41% YoY adjusted revenue growth, strong operating margin expansion, and robust EPS growth to show good execution. Recent acquisitions of Celestial AI ($3.25B) and XConn ($540M) signal a decisive push into data center connectivity, broadening Marvell's AI exposure.

Marvell Technology, Inc (NASDAQ: MRVL) is well-positioned to ride the next wave of AI-driven growth, said a JPMorgan analyst.

Marvell Technology said on Tuesday it will buy networking equipment provider XConn Technologies in a deal worth about $540 million, as the chipmaker doubles down on data center hardware amid a race to expand artificial intelligence infrastructure.

Marvell Technology is buying AI interconnect company XConn Technologies in a cash-and-stock deal.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it has entered into a definitive agreement to acquire XConn Technologies (“XConn”), a provider of advanced PCIe and CXL switching silicon. The acquisition expands Marvell's switching portfolio by adding XConn's PCIe and CXL products and augments Marvell's Ultra Accelerator Link (“UALink”) scale-up switch team, adding highly experienced engineeri.

Semiconductor stocks start out 2026 with powerful tailwinds in their corner after vastly outperforming in 2025, but these tailwinds have the potential to turn into headwinds. The semiconductor sector continues to do better than most, although lately gains are driven by fewer stocks with many more lagging behind. Artificial intelligence or AI continues to underpin the semiconductor sector, but there are increasingly undesirable developments to be found.