Cantor Fitzgerald sees Marvell's total addressable market (TAM) in AI data centers reaching $625 billion by 2030. The analysis comes ahead of Marvell's Investor Day, scheduled for October 6.
Cantor analyst C.J. Muse expects Marvell's AI-related revenue to grow at a compound annual growth rate of 40% to 45% from 2025 to 2030. He cited the company's custom silicon, optical connectivity and Ethernet switching products as drivers of that growth.
Cantor raised its price target on Marvell shares but maintained a Neutral rating.