Marvell benefits from ASIC demand, but valuation is stretched with growth priced in; requires revenue doubling in next few years to justify current price.
He framed it in years
“AI Agent E-Comm "Disruption," and Agent CPU Demand Is Helping Intel Turn Its Business Around”
Chip Stock InvestorPublished Oct 10 · 2 passages
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But one of the big underrated competitors to the traditional CPU market are ASICs, IP provided by companies like Broadcom, Marvell, now MediaTek and Alchip in Taiwan.
And then Marvell also has a lot to gain here. Valuation seems a bit stretched, but if they can get these revenues to roughly double over the next couple of years. Well, the valuation may take care of itself.
But I would say, of these four here in the middle, Marvell is probably the one that has a lot of growth already baked in.
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But one of the big underrated competitors to the traditional CPU market are ASICs, IP provided by companies like Broadcom, Marvell, now MediaTek and Alchip in Taiwan.