In March, Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) received a shot in the arm from NVIDIA (NASDAQ:NVDA) after the Jensen Huang-led firm invested $2 billion into the company. In a single day, shares of MRVL rose 12.42% in response. But months later, which stock is better positioned for the long haul?
Details of the Deal
NVIDIA’s $2 billion direct investment in the semiconductor company, announced on March 31, pairs with a deeper AI infrastructure partnership that plugs Marvell directly into NVIDIA’s ecosystem. The deal integrates Marvell into NVIDIA’s AI factory and AI-RAN ecosystem through NVLink Fusion, a platform that allows custom silicon from partners to interoperate with NVIDIA’s GPU infrastructure at rack scale.
The partnership targets custom XPUs, NVLink Fusion-compatible networking, and silicon photonics for 5G/6G AI-RAN deployments. For Marvell, this is a direct revenue catalyst: the company already reported full fiscal year 2026 revenue of $8.195 billion, with data center revenue representing 73% of the total. Custom AI design activity hit an all-time high with 50+ new opportunities across 10+ customers.
How Each Stock Has Performed Since
MRVL is now trading around $228.46, about 28% lower than its 52-week high back in June. But since the NVIDIA investment, shares are up nearly 131%. Based on the 37 analysts currently covering the stock, Marvell receives a consensus Moderate Buy rating with a one-year price target of $245.94, 7.77% higher than where shares trade today.
The key risk remains customer concentration: Marvell’s revenue is heavily tied to a small number of hyperscalers, making it sensitive to any pullback in cloud CapEx. Investors should watch for NVLink Fusion design win announcements and Q1 FY2027 guidance as the next meaningful catalysts.
Meanwhile, NVIDIA has gained more than 29% since announcing the investment. Wall Street favors the stock, with 51 of the 53 analysts covering NVDA assigning it a Buy rating. The one-year price target of $305.94 implies more than 36% upside from where shares are trading today.
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