Marvell just reported and the numbers are massive. Revenue hit USD 2.418 billion, up 28% year-over-year, a new record. Non-GAAP EPS came in at USD 0.80, beating the USD 0.75 estimate. Q2 guidance is USD 2.7 billion, which implies 35% year-over-year growth. Full-year outlook just got raised to USD 11.5 billion. Stock was up 3.5% after-hours. Here's the part people are missing: Marvell completed two acquisitions this year, Celestial AI and XConn, both targeting AI optical interconnects and custom silicon. This is not just a networking chip story anymore. This is a direct play on the AI infrastructure buildout, competing in the same space that's printing money for NVDA. Operating cash flow hit a record USD 638.8 million in a single quarter. If you've been sleeping on MRVL because it's not NVDA, this is your wake-up call. The custom silicon race is accelerating every quarter.