Marvell projects strong fiscal 2028 revenue on AI-driven data center boom

Marvell Technology forecast fiscal 2028 revenue above Wall Street estimates on Thursday, signaling robust demand for custom chips and interconnect solutions used in artificial intelligence data centers, sending its shares surging 15% in extended trading.

Growing adoption of AI tools has ‌boosted demand for specialized chips ⁠such ⁠as Marvell’s custom application-specific integrated circuits used in advanced data centers, as well as its interconnect technologies that enable high-speed data transfer between processors, memory and servers.