Marvell Technology Raises Fiscal 2028 Revenue Guidance to $20B

### Session Tape — Tape Movers - Marvell Technology (MRVL): +1.80% - Broadcom (AVGO): +1.03% - Nvidia (NVDA): +2.54% - Microsoft (MSFT): +0.20% - Alphabet (GOOGL): -1.62%

## Catalyst Analysis: Guidance Expansion & AI Infrastructure Marvell Technology (MRVL) is positioning itself as a central beneficiary of shifting artificial intelligence infrastructure spending. Management recently lifted its fiscal 2028 revenue projections to approximately $20 billion, marking a significant step up from its prior $18 billion forecast and eclipsing the $8.2 billion generated in fiscal 2026. Furthermore, the company outlined long-term projections targeting $70 billion to $90 billion in annual revenue by fiscal 2031, anchored by custom silicon and data center networking momentum.

## Impact on Related Tickers Industry peer Broadcom (AVGO) moved +1.03% in session tape action as competition within high-performance custom chips intensifies. Meanwhile, large-cap cloud infrastructure names including Nvidia (NVDA), Microsoft (MSFT), and Alphabet (GOOGL) recorded mixed tape movement as semiconductor demand catalysts ripple across the broader technology sector.