Marvell Technology, Inc. (MRVL) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in Marvell Technology (MRVL) by buying shares or fractional shares at any major broker, through an ETF that holds it (such as SOXX or SMH), or as one holding in a thematic basket. Marvell is a high-growth, premium-multiple AI infrastructure semiconductor name: it is the second-largest designer of custom hyperscaler AI silicon behind Broadcom, with ASIC programs for AWS Trainium, Microsoft Azure, and Meta, plus Inphi-derived optical interconnects and networking silicon. Custom-silicon mix shift drives the story.
MRVL stock price
As of 2026-07-24, Marvell Technology, Inc. (MRVL) last closed at $194.23, up 161.7% over the past year. Over the past 52 weeks it has traded between $62.31 and $316.43.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Marvell Technology, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Marvell Technology, Inc. (MRVL) do?
Marvell Technology designs semiconductors for data infrastructure: networking silicon (Ethernet, optical, switching), storage controllers, custom silicon (ASICs) for hyperscalers, and 5G wireless infrastructure. The company has positioned itself as the second-largest designer of custom AI silicon for hyperscaler customers, behind Broadcom. Marvell's custom silicon revenue from Amazon (Trainium), Microsoft (Azure custom chips), and Meta has grown rapidly through 2024-2025.
Networking and storage are also significant businesses: Marvell silicon is in many cloud and enterprise networking products, including optical PHY chips for AI data center interconnects. Founded in 1995, headquartered in Santa Clara, California. Matt Murphy has been CEO since 2016. The company has made meaningful acquisitions (Cavium, Inphi, Innovium) to build the current AI infrastructure positioning.
What's driving Marvell Technology, Inc. (MRVL)?
1. Custom AI silicon (ASICs) for hyperscalers.
Marvell is the second-largest designer of custom AI accelerators for hyperscaler customers (behind Broadcom). Major customers include AWS for Trainium, Microsoft for Azure custom silicon, and Meta. This is the fastest-growing segment of Marvell's revenue.
2. Optical interconnects for AI data centers.
AI data centers require massive amounts of high-speed interconnect between GPUs and between racks. Marvell's optical PHY chips (acquired via Inphi) are critical to the optical interconnect ecosystem.
3. Cloud networking silicon.
Marvell's data center networking silicon (acquired via Innovium) competes with Broadcom in switch silicon. Smaller share but a real player in cloud and AI data center networking.
4. Legacy storage and 5G businesses.
Storage controllers and 5G wireless infrastructure are smaller, more mature segments that provide revenue stability but less growth.
What are the risks to Marvell Technology, Inc. (MRVL)?
Customer concentration in custom AI silicon (a few hyperscalers dominate revenue). Competition with Broadcom for custom silicon is intense; losses on individual customer deals would matter materially.
How is Marvell Technology, Inc. (MRVL) valued? (approximate, early 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Marvell Technology, Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$6 billion
- Operating margin: ~25% (improving as custom silicon mix grows)
- Net income (TTM): ~$1 billion
- EPS (TTM): ~$1.30
- P/E (TTM): ~50x
- Price to sales: ~12x
- Dividend yield: ~0.2%
- Free cash flow: ~$1.5 billion annually
- Custom silicon revenue: Growing rapidly as a share of mix
Marvell trades at a premium multiple reflecting the AI custom silicon growth story. The valuation depends on continued execution against the AI thesis; multiple compresses quickly if growth disappoints.
Which ETFs hold Marvell Technology, Inc. (MRVL)?
If you want MRVL exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.
What themes does Marvell Technology, Inc. (MRVL) fit?
These are the investment theses MRVL naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.
Who competes with Marvell Technology, Inc. (MRVL)?
Custom AI silicon
Broadcom is the largest competitor and the market leader in custom hyperscaler AI silicon (Google TPU, Meta MTIA, others). Marvell is the second-largest credible player. NVIDIA's complete-system offerings are also competition for hyperscalers considering custom silicon versus off-the-shelf GPU clusters.
Data center networking silicon
Broadcom dominates Ethernet switch silicon at the largest scale. Marvell competes in optical PHY and certain networking segments. NVIDIA Networking (formerly Mellanox) competes in InfiniBand.
Storage controllers
Western Digital, Seagate, and various other storage industry players use various controller suppliers. Marvell is a meaningful supplier of storage controller silicon but in a mature market.
What stocks are similar to Marvell Technology, Inc. (MRVL)?
Other names that show up alongside MRVL in the same themes. Worth a look if you're thinking about diversification within a single thesis rather than concentration on one ticker.
Also fits AI infrastructure. The defining AI accelerator. CUDA ecosystem is the picks-and-shovels play; held in every AI infrastructure basket.
Also fits AI infrastructure. MI300X and MI400 are the most credible non-NVIDIA accelerator path. Datacenter GPU revenue is the AI exposure.
Also fits AI infrastructure. Custom AI silicon (Google TPU, Meta MTIA) plus the networking switches that connect AI clusters. Dual-engine AI infra story.
Also fits AI infrastructure. Makes virtually every leading-edge AI chip including NVIDIA H100/B100, AMD MI300X, and the hyperscaler custom designs.
How to invest in Marvell Technology, Inc. (MRVL)
There are three common ways to get MRVL exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (SOXX, CHPX, QTUM), which spreads the position across many companies. Or build it into a focused thematic basket, so MRVL sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where MRVL fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Marvell Technology, Inc. (MRVL)
Marvell (MRVL) is an AI-leveraged fabless designer whose re-rating rides custom hyperscaler ASICs and optical interconnects more than its mature storage and 5G businesses. In a portfolio it behaves as a higher-volatility data-infrastructure growth holding paired with Broadcom in the custom-silicon trade, with a thin dividend and a multiple that compresses fast if the AI growth narrative slows.
More on Marvell Technology, Inc. (MRVL)
Whether MRVL is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is MRVL a buy?, and where the stock could go from here in the MRVL stock forecast.
For income investors, whether MRVL pays a dividend and how the payout looks is covered in does MRVL pay a dividend? And to weigh MRVL against a peer, read the full side-by-side comparisons: MRVL vs NVDA and MRVL vs AMD.
Build a basket around MRVL with Walnut
Use Marvell Technology, Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What is Marvell's ticker symbol?
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MRVL, listed on Nasdaq. Officially Marvell Technology, Inc. Founded 1995, headquartered in Santa Clara, California. Trades during US market hours.
Who are Marvell's competitors?
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Broadcom is the largest direct competitor across custom AI silicon and data center networking. NVIDIA's complete-system offerings compete with hyperscaler custom silicon strategies. Other competition includes various semiconductor suppliers in optical, storage, and networking niches.
Is Marvell an AI stock?
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Yes. Marvell designs custom AI accelerator chips (ASICs) for hyperscaler customers including AWS, Microsoft, and Meta. The custom silicon business is the fastest-growing segment and has driven the recent re-rating in the stock. AI infrastructure spending is the primary growth driver.
What is Marvell's P/E ratio?
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Approximately 50x trailing twelve months as of early 2026. Elevated reflecting the AI custom silicon growth story. The forward multiple is lower as earnings catch up to revenue growth.
What does Marvell do?
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Marvell designs semiconductors for data infrastructure: custom AI silicon (ASICs) for hyperscalers, networking and optical interconnect silicon, storage controllers, and 5G wireless infrastructure chips. Manufacturing is outsourced. The company is the second-largest custom hyperscaler AI silicon designer after Broadcom.
Who owns the most Marvell stock?
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Major institutional holders include Vanguard (~10%), BlackRock (~7%), and State Street (~4%). Insider ownership is relatively low. CEO Matt Murphy holds personally less than 1%.
Which ETFs have the most Marvell exposure?
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SOXX (iShares Semiconductor) holds MRVL at ~3.6%. SMH (VanEck Semiconductor) holds MRVL at smaller weight. QQQ holds MRVL as part of the broader Nasdaq-100. VGT and XLK include MRVL as part of the broader tech sector. SOXX's broader semiconductor methodology gives Marvell more weight than SMH's top-heavy approach.
Which thematic baskets typically include Marvell?
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Two themes on Walnut. AI infrastructure (custom AI silicon for hyperscalers; AI networking interconnect) and Semiconductors (one of the larger fabless designers in data infrastructure). AI infrastructure baskets often include MRVL alongside AVGO as the custom silicon and AI networking pair.
How much of SOXX is Marvell?
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Approximately 3.6% as of early 2026. MRVL is typically the ninth or tenth-largest SOXX holding. In SMH (top-heavy methodology), MRVL is at smaller weight as the methodology concentrates weight on the largest names. SOXX's broader weighting captures Marvell's data infrastructure thesis better.
Is Marvell in the S&P 500?
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Yes. Marvell has been an S&P 500 constituent since 2021, having been added during a previous index rebalance. Its inclusion reflects the company's growth in market cap during the AI cycle.
What is Marvell's market cap?
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Approximately $90 billion as of early 2026. Market cap has grown several multiples since 2023 on AI custom silicon revenue ramp. Marvell is now one of the larger US semiconductor companies by market cap, though smaller than Broadcom and AMD.
Does Marvell pay a dividend?
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Yes. MRVL yields approximately 0.3% as of early 2026, paid quarterly. The dividend is small as a percentage of share price and has not been a meaningful capital return mechanism. Share buybacks have been more meaningful, though capex demands during the AI cycle have limited buyback pace.
What's the difference between Marvell and Broadcom?
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Both design custom AI silicon for hyperscalers and AI networking chips. Broadcom is larger across more product categories (wireless connectivity, broadband, storage, plus VMware software). Marvell is more concentrated in data infrastructure semiconductors. Broadcom's AI revenue is larger by absolute dollars; Marvell's AI growth rate has been comparable in percentage terms because of the smaller starting base.
Should I own Marvell directly or through SOXX?
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Both common. Direct MRVL ownership gives concentrated custom AI silicon and AI networking exposure. SOXX includes MRVL at ~3.6% along with broader semiconductor exposure. Many Walnut users hold both: direct MRVL for AI custom silicon conviction plus SOXX for diversified semi cycle. MRVL is more concentrated AI exposure than the broad semiconductor ETF average.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Marvell Technology, Inc.'s investor relations page or your broker before making investment decisions.