Marvell Technology Stock Hits a New All-Time High. Is It Still a Buy?
Marvell Technology Stock Hits a New All-Time High. Is It Still a Buy?
https://www.fool.com/investing/2026/06/01/marvell-technology-stock-hits-a-new-all-time-high/
Publish Date: 2026-06-01 10:51:00
Source Domain: www.fool.com
One of the hottest chip stocks to own in 2026 has been Marvell Technology (MRVL +4.78%). It helps companies develop custom chips, which have been vital for businesses looking to diversify and become less dependent on Nvidia‘s high-priced chips. Since the start of the year, Marvell’s stock has risen by more than 130%, and it recently hit a new all-time high.
The company recently posted a strong quarter, and its guidance is encouraging, but concerns may be rising about its high valuation. Could Marvell still be a good stock to buy, or has it become too expensive?
Image source: Getty Images.
Why Marvell’s growth may continue to accelerate
Last week, Marvell reported its first-quarter earnings for Fiscal 2027. For the period ended May 2, the company’s net revenue totaled $2.4 billion, an increase of 28% from a year ago. While that may seem unimpressive for AI investors given how quickly some businesses have been growing, management is optimistic that there’s still much more growth to come.
CEO Matt Murphy stated, “We expect revenue growth to continue accelerating each quarter throughout fiscal 2027, driven by continued strength in our data center business.” For the current quarter, the company projects that its revenue will be around $2.7 billion, which would represent a year-over-year increase of about 35%. Meanwhile, its partnership with Nvidia and Marvell’s products being able to integrate with the rack-scale platform NVLink Fusion should open up even more growth opportunities for the company in the future.
Today’s Change
(4.78%) $9.80
Current Price
$214.80
Key Data Points
Market Cap
$179B
Day’s Range
$195.13 – $215.00
52wk Range
$59.53 – $218.26
Volume
621K
Avg Vol
27.3M
Gross Margin
50.64%
Dividend Yield
0.12%
Are investors paying too big a premium for Marvell’s stock?
Marvell has some promising growth opportunities ahead, particularly as it works more closely with Nvidia. But with the tech stock hitting new highs recently, it has become a bit pricey. Currently, it’s trading…
