Marvell Is Very Risky Despite The New AI Deal With Alphabet

Marvell Technology, Inc. is a key AI infrastructure enabler, driving record growth through high-speed optical interconnects and custom silicon partnerships with hyperscalers like Google. MRVL raised its FY27 revenue outlook to $11.5B, with data center and interconnect segments expected to grow 50% and 70% YoY, respectively. Q1 FY27 saw 28% YoY revenue growth, 59% non-GAAP gross margin, and robust cash flow, with management guiding for accelerating sequential revenue through FY27.

Despite operational momentum, MRVL trades at a steep premium (71x TTM P/E), pricing in years of aggressive growth and leaving little margin for error.

Marvell Technology, Inc. ( MRVL ) was one of the best trades I made this year, although I never got to cover the stock of this company on Seeking Alpha. At the end of 2025,