Is it expected to capture 1/3 of the custom AI chip market? How does "chip junior" Marvell Tech surpass Intel in market value?
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Marvell Tech's market value has surpassed Intel, reaching USD 100 billion, primarily due to its breakthroughs in the data center chip sector and deep collaborations with tech giants. The company expects that by fiscal year 2024, its data center business will account for 72% of total revenue. Analysts predict that Marvell has the potential to capture one-third of the custom AI chip market by 2030, with annual revenue expected to exceed USD 8 billion. However, Marvell also faces risks associated with its reliance on the AI investment boom; if the market does not develop as anticipated, it could impact performance
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