NVIDIA (NVDA) rises 5.9% after doubling on partnership with Marvell AI Data Centers – Has the bullish situation changed?

• In late March 2026, NVIDIA and Marvell Technology announced an expanded partnership that includes a $2 billion investment by NVIDIA and networking integration with Marvell’s custom XPUs and NVIDIA’s NVLink Fusion platform to build next-generation AI data centers and AI-RAN communications infrastructure.
• This move expands NVIDIA’s role beyond GPUs to co-engineered networking, silicon photonics, and carrier-grade systems, giving it greater control over the broader AI infrastructure stack that powers data centers and communications.
• Here, we take a look at how our deepening collaboration with Marvell, particularly around NVLink Fusion and custom XPUs, will reshape the story of NVIDIA’s $1 trillion AI infrastructure.

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NVIDIA Investment Story Summary

To own NVIDIA, you have to believe that AI “factories” and full-stack infrastructure, not just GPUs, will remain at the center of data center and communications spending. The deal with Marvell strengthens that story by bringing custom XPUs, optics, and carrier-grade networking into NVIDIA’s orbit, but it doesn’t change the near-term variable of whether the hyperscaler continues to add orders to Blackwell and Rubin as expected. The biggest risks now remain supply and geopolitical constraints, which could put a cap on how much of demand can actually be shipped.

Among recent news, the VergeOS certification for NVIDIA RTX vWS and vPC on vGPU 20 is particularly relevant. Our partnership with Marvell supports the same core catalysts as enterprises find it easier to deploy and manage virtualized GPUs for graphics and engineering workloads. This means NVIDIA’s role will expand from chip vendor to critical infrastructure platform, potentially driving greater demand for GPUs, networking, and software stacks in both cloud and on-premises environments.

But under this AI factory optimism, export controls and custom ASIC competition could reshape NVIDIA’s growth profile in ways investors need to understand…

Read the full story on NVIDIA (it’s free!)

NVIDIA plans to have $559.7 billion in revenue and $300.5 billion in revenue by 2029. This would require a 37.4% annual revenue increase, or an increase in revenue of approximately $180.4 billion from the current $120.1 billion.

We reveal how NVIDIA’s projections resulted in a fair value of $268.22, a 51% increase over the current price.

explore other perspectives

Compared to the fundamental view, the most bearish analysts were already assuming 2028 sales of around USD 270 billion, but a low P/E ratio of 27x. So this Marvell news could allay their concerns about export controls and custom chips, or just strengthen the view that expectations are simply outpacing what NVIDIA can sustainably earn.

Explore the other 277 fair value estimates for NVIDIA – Find out why the stock is worth 95% more than its current price.

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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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