Today, Oct. 6, 2026, the chipmaker lifted near- and long-term targets at Investor Day, signaling stronger AI infrastructure demand ahead.

Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) jumped 8% in the morning session after the company raised its 2028 revenue forecast to approximately $20 billion from an earlier projection of $18 billion, citing strong demand for chips used in artificial intelligence (AI) data centers as reported by Reuters.

Today, Oct. 6, 2026, the chipmaker lifted near- and long-term targets at Investor Day, signaling stronger AI infrastructure demand ahead.

Marvell Technology (NASDAQ:MRVL) outlined an expanded long-term growth plan at its 2026 Investor Day, raising its fiscal 2028 revenue outlook and projecting a path to $70 billion to $90 billion in annual revenue by fiscal 2031 as artificial intelligence infrastructure drives demand for connectivity,

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Marvell Technology (MRVL) stock is getting a boost after outlining a new growth target at the company

Marvell Technology raised its fiscal 2028 revenue forecast to about $20 billion, above the $18.2 billion Wall Street consensus, and set a fiscal 2031…

The company’s updated roadmap places custom chips and connectivity at the center of its long-term growth strategy as AI infrastructure accounts for an ever-larger share of its business.

Marvell stock jumped after the custom silicon designer raised its revenue outlook for fiscal year 2028 during its investor day.