Marvell Expands AI Chip Business with New Hyperscale Cloud Customer, Aims for $2.5B in Revenue by 2026
• Chipmaker Marvell announced new business making custom AI chips for large U.S. cloud computing firms, but stock didn't get a big boost.
• Marvell said it has added a third hyperscale cloud company to its AI customer list, speculated to be Microsoft.
• Marvell currently makes AI processors for Amazon and CPUs for Google.
• Marvell sees its AI revenue rising from $200 million last year to over $2.5 billion in fiscal 2026.
• Marvell competes with Broadcom in the market for custom ASIC AI chips. Companies like Google and Microsoft also recently held AI investor events.