Marvell Technology (NASDAQ:MRVL) hasnt had an easy run in 2025 its stock is down nearly 50% year to date but some analysts and investors are starting to see an opportunity in the downturn.
The chipmaker has made a big shift in recent years, moving from traditional networking gear into the heart of AI infrastructure. That pivot seems to be paying off. In fiscal 2025, Marvell brought in $5.8 billion in revenue, and its data center business alone jumped 88% from last year. That segment now makes up 75% of total revenue, up from just a third a year ago.
AI-specific sales hit $1.5 billion and could top $2.5 billion in 2026. A multi-year deal with Amazons AWS also strengthens Marvells position, focusing on custom-designed silicon built for next-gen AI applications.
Still, there are some near-term headwinds. Consumer revenue is expected to drop 35% in early 2026. But with $1.6 billion in cash and virtually no debt, Marvell has the flexibility to ride out volatility and some believe the recent selloff might be overdone.
For long-term investors looking for exposure to niche AI hardware, Marvell could be worth a second look.
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