Marvell Technologies (MRVL) Valuation After Nvidia’s USD 2 Billion AI Partnership and Connectivity Drive

Nvidia’s $2 billion investment in Marvell Technology (MRVL), along with deep partnerships with AI infrastructure, puts Marvell’s networking, custom accelerators, and silicon photonics at the center of Nvidia’s expanding data center and communications AI systems.

Check out our latest analysis for Marvell Technologies.

The partnership with Nvidia comes on the back of strong momentum with a 30-day price return of 38.19% and a 1-year total shareholder return of 93.15%. The five-year total shareholder return of 116.66% shows the long-term track record of compound interest.

If our partnership with Nvidia Marvell has you thinking more broadly about AI infrastructure, it’s worth exploring other enablers through our 36 AI infrastructure stocks.

Marvell is up 93.15% over the past year, trading at around $107.11, but it’s still about 13% below the average analyst price target, so you have to ask: Is there any real upside left here, or is the market already fired up for future growth?

Most popular story: 31.1% are underrated

According to a widely followed article in the Simply Wall St community, Marvell’s fair value is set at $155.37, well above its last closing price of $107.11, leaving a significant discount in the author’s eyes.

Marvell Technology conducted a capital allocation masterclass. In the third quarter of fiscal 2026, the company did two things that fundamentally changed its investment thesis. Sold its low-growth automotive Ethernet business for $2.5 billion in cash and announced the acquisition of Celestial AI. This is a clear signal. Marvell is “all in” on AI data center infrastructure. With record quarterly revenue of $2.075 billion (+37% YoY) and accelerating guidance, Marvell solidifies its position as the key “plumber” of the AI ​​era, controlling how data moves between NVIDIA’s GPUs.

Read the whole story.

Fair value depends on whether Marvell realizes faster revenue growth, improved profitability and future earnings multiples typically associated with market leaders, and becomes a leading pure data infrastructure company. Want to know how these factors come together in the $155.37 number, and why the story still sees a significant discount at today’s $107.11 price? The full story lies in the model, not in the headline numbers.

Result: Fair value $155.37 (undervalued)

Read the full explanation to understand what’s behind the predictions.

However, this will depend on Marvell’s ability to smoothly execute complex acquisitions and AI projects, and if demand for NVIDIA and hyperscalers recedes, that fair value story could quickly be called into question.

Learn about the key risks to this Marvel Technology story.

Another view: says our DCF model is overestimated

Community talk sees Marvell’s fair value as undervalued by 31.1% at $155.37, but Simply Wall Street’s DCF model puts it closer to $88.08 per share, making the current price of $107.11 seem expensive rather than cheap.

This gap puts a spotlight on what you think is more important: long-term cash generation assumptions, or where the story relies on higher earnings multiples. It also begs the simple question of which of the $88.08 to $155.37 range feels more realistic to you.

Find out how the SWS DCF model arrives at fair value.

Simply Wall St runs discounted cash flows (DCF) on every stock in the world every day (check out Marvell Technologies, for example). The entire calculation is fully demonstrated. Track your results with a watchlist or portfolio and get alerts when they change, or use our stock screener to discover 62 high-quality undervalued stocks. When you save your screener, you’ll also get alerts when new companies match, so you never miss out on potential opportunities.

next step

With such different views on value and a mix of risks and rewards, it makes sense to act quickly and stress test the assumptions that are most important to you. To weigh both sides of the story in one place, start with 4 key rewards and 1 key warning sign.

Looking for more investment ideas?

If Marvel is focused on where to put its new capital, don’t stop here. Expand your watchlist before the next move passes.

This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.

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