Stifel Defends Marvell’s (MRVL) ASIC Leadership Amid AI Chip Market Rumors

1 hour ago 3

Ghazal Ahmed

Thu, December 11, 2025 astatine 10:32 AM CST 2 min read

Marvell Technology, Inc. (NASDAQ:MRVL) is 1 of the Hot AI Stocks connected Wall Street’s Radar. On December 9, Stifel maintained its Buy standing connected the banal with a $114.00 terms target. Firm analysts addressed caller marketplace rumors arsenic baseless, reaffirming assurance successful the company’s ASIC level positioning.

Defending the company’s level presumption against caller noise, the steadfast noted that the speculation that Marvell could suffer its XPU socket to a rival for “second and larger ASIC lawsuit are without merit.”

“We judge quality reports that Marvell could suffer its XPU socket to a rival for its 2nd and larger ASIC lawsuit are without merit. We besides judge reports from the marketplace scenery yesterday suggesting Marvell is not participating successful its pb ASIC customer’s adjacent procreation level are misleading.”

Citing The Information’s study that Microsoft was successful talks to power to Broadcom from Marvell for its customized spot business, the steadfast noted that specified a determination wouldn’t lucifer emblematic plan cycles. This is due to the fact that it would instrumentality 3 to 4 years to make the chips.

“We judge the timeline of this speculation is misaligned with this reality. Any hypothetical spouse power discussions actively occurring would not beryllium meaningfully impactful to gross until FY29 astatine the earliest.” -Analyst Tore Svanberg.

The steadfast besides pushed backmost connected Benchmark’s claims that Marvell is astatine hazard of losing concern to supply the plan for Amazon’s Trainium 3 and 4 chips. The steadfast noted that adjacent though the institution whitethorn not person the nonstop level of contented successful the new-generation chips arsenic it did successful Trainium 2, the company’s guidance appeared coagulated anyway.

Marvell Technology, Inc. (NASDAQ:MRVL) engages successful the improvement and accumulation of semiconductors, focusing heavy connected information centers.

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