What smart money is saying about Marvell Technology, Inc.
MRVL · Technology · Semiconductors · Market cap $70.99B
3 funds in our archive have pitched Marvell Technology, Inc., most recently Brown Advisory Large‑Cap Sustainable Growth in March 2026.
Company profile
Marvell Technology, Inc., together with its affiliated companies, specializes in the development, engineering, and commercialization of a broad range of integrated circuits. These offerings encompass analog, mixed-signal, digital signal processing, embedded, and standalone chip solutions. The company's product portfolio includes a variety of Ethernet solutions, such as controllers, network adapters, physical layer transceivers, and switches. They also provide single and multi-core processors, application-specific integrated circuits (ASICs), and System-on-a-Chip products for printers, along with application processors. Furthermore, Marvell delivers extensive storage solutions. These consist of controllers for both hard disk drives (HDDs) and solid-state drives (SSDs), designed to support diverse host system interfaces including serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express (PCIe), non-volatile memory express (NVMe), and NVMe over fabrics. Their fiber channel product line features host bus adapters and controllers essential for server and storage system connectivity. Marvell maintains operations across numerous international locations, including the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. The company was founded in 1995 and is headquartered in Wilmington, Delaware.
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Fund signal · last 12 months
14 lettersFunds are split between buying and selling
0
Net flow
3 buys · 2 new positions · 50%3 sells
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q2 2025 and Q3 2026, 18 fund letters reported a position in Marvell Technology, Inc., with 4 buys (opened or added) and 3 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 4 | 1 | 0 | 0 |
| Q2 2026 | 7 | 1 | 3 | 0 |
| Q1 2026 | 2 | 0 | 0 | 1 |
| Q4 2025 | 1 | 1 | 0 | 2 |
| Q3 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 3 | 1 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 18 positions · 7 moves
- September 2026
“Given the strength of this investment cycle, we have selectively added to our semiconductor holdings, including Taiwan Semiconductor Manufacturing (TSM), NVIDIA (NVDA), KLA (KLAC), and Marvell Technology (MRVL).”
Marvell Technology, Inc. - September 2026
“Marvell Technology underperformed in the third quarter as elevated expectations following a +200% second- quarter gain, driven by the ramp of Amazon’s custom Trainium chip, left little room for disappointment.”
Marvell Technology, Inc. - September 2026
“TOP DETRACTORS Caterpillar underperformed as moves to restrict/regulate data center expansion raised concerns about the potential for slower growth. Tesla underperformed following its second-quarter earnings report, where management guided to higher capex spending for the next two to three years as it expands its Robotaxi fleet, production capacity for Optimus robots and investments in a new semiconductor fab. Marvell Technology underperformed in the third quarter as elevated expectations following a +200% second-quarter gain, driven by the ramp of Amazon’s custom Trainium chip, left little room for disappointment.”
Marvell Technology, Inc. - September 2026
“Marvell Technology Inc (MRVL), a semiconductor company focused on data infrastructure, detracted from performance after significant year-to-date gains.”
Marvell Technology, Inc. - June 2026
“From an absolute-performance perspective, including errors of commission, we saw meaningful weakness in our software, credit bureau, payments and data analytics exposure. We also had specific errors of commission in Zoetis and Workday, both of which have now been exited. We would categorise our exit from Marvell Technology in this category too.”
Marvell Technology, Inc. - June 2026
“Marvell Technology was particularly noteworthy.”
Marvell Technology, Inc. - June 2026
“Marvell Technology Inc. provides data infrastructure semiconductor solutions. The stock soared 203% on a combination of in-line results and higher forward guidance, driven by an improved outlook for its data center business. During a presentation at Computex in Taiwan in early June, Nvidia CEO, Jensen Huang, referred to Marvell as the next trillion-dollar company. In addition, inclusion in S&P 500 index effective June 22, added passive buying pressure. We trimmed back the position on strength.”
Marvell Technology, Inc. - June 2026
“Less than a year ago, shares of Marvell Technology Inc, which designs semiconductor chips focused on data infrastructure including networking, data centers and custom silicon, were under pressure as a function of underwhelming short-term guidance as well as investor concerns regarding competitive pressure specific to one large custom silicon customer. Following several discussions with the company, a trip to Asia to fully comprehend the competitive landscape, and our observation that optical networking was becoming increasingly tight across the AI chain, we concluded that the market was overstating these concerns and held our ground. The stock has climbed by more than 250% year-to-date, and by 200% in the second quarter alone. The company’s April quarterly report included a favorable outlook for the remainder of 2026 and into 2027-2028 driven by strengthening demand signals from some of its largest hyperscaler customers. In addition, the (Continued on the following page) LARGE-CAP SUSTAINABLE GROWTH REVIEW AND OUTLOOK AS OF JUNE 30, 2026 Marketing Material for Institutional Investors and Professional Clients Only 2 Source: FactSet. The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. The composite performance shown above reflects the Large-Cap Sustainable Growth Composite, managed by Brown Advisory Institutional. Brown Advisory Institutional is a GIPS compliant firm and is a division of Brown Advisory LLC. Past performance is not indicative of future results. Sectors are based on the Global Industry Classification Standard (GICS®) classification system. Returns are calculated on a gross of fees basis. The portfolio information provided is based on a representative Large-Cap Sustainable Growth account and is provided as Supplemental Information. Please see the end of this presentation for a GIPS Report, important disclosures and a complete list of terms and definitions. 2 company was added to the S&P 500® Index during the quarter, creating forced buying among related index funds and ETFs. Lastly, in early June at an industry conference, NVIDIA CEO Jensen Huang introduced Marvell Technology’s CEO with the endorsement, “this is the next trillion-dollar company, ladies and gentlemen.”2 This unprompted and surprising introductory comment helped lift Marvell Technology Inc’s shares by more than 30% the next day. We have been trimming our position during the second quarter on elevated valuation but continue to like the company’s growth prospects over the upcoming years, as we believe it maintains solid competitive footing in an industry that continues to accelerate.”
Marvell Technology, Inc. “Marvell Technology outperformed as they ramped shipments of their custom AI chip for Amazon and are working on designs for other customers including Microsoft. They are also seeing significant growth in connectivity products for AI data centers.”
Marvell Technology, Inc.- HoldsSound Shore FundJune 2026
“Sound Shore’s portfolio also benefited from the AI wave in the second quarter. Sound Shore has always had exposure to IT (approximately 15% weight during Q2), but our value discipline will steer us away from the most expensive parts of the market. Qualcomm and Marvell Technology, were two of our strongest contributors in 2Q.”
Marvell Technology, Inc. - New positionNext Century Growth Investors NCGJune 2026
“Large Cap 2Q26 2 | P a g e Health Care Underweight Pharmaceuticals, diagnostics Basic materials Overweight Aerospace & industrial Consumer Underweight Online & offline retail, EVs We added 10 new positions in Q2: o five in technology: MRVL, ASML, DOCN, SNOW, NOW”
Marvell Technology, Inc. - March 2026
“Despite the broad sell-off among large-cap growth stocks during the first quarter, three portfolio holdings demonstrated double-digit price appreciation – all within the semiconductor area. Consensus spend expectations for data center infrastructure continue to expand rapidly, particularly among the hyperscalers. During the first quarter of 2026, consensus estimates for 2026 and 2027 capital expenditures among Amazon (AMZN), Microsoft (MSFT), Meta (META), Alphabet (GOOGL) and Oracle(ORCL) cumulatively increased by 25% and 23% respectively, largely to support data center demand – inclusive of chips and related equipment. Taiwan Semiconductor Manufacturing Co (TSM), one of the world’s leading contract chip manufacturers and our largest active weight in the portfolio, saw both its 2026 and 2027 consensus EPS estimates climb by 15% during the first quarter driven by favorable management guidance and fundamental strength in its business. Marvell Technology (MRVL), which designs chips focused on data infrastructure including networking, data centers and custom silicon, also experienced meaningful positive revisions to 2026 and 2027 EPS consensus estimates on the back of management’s favorable outlook.”
Marvell Technology, Inc. - HoldsLarge-Cap GrowthMarch 2026
“ Marvell Technology, Inc. (MRVL) traded higher during the quarter as investor confidence in AI-related infrastructure demand improved following earlier volatility.”
Marvell Technology, Inc. - New positionDavenportDecember 2025
“Fund Activity During the quarter, we initiated new positions in two companies – Cintas Corp (CTAS) and Marvell Technology Inc. (MRVL).”
Marvell Technology, Inc. - September 2025
“KLA Corporation (KLAC) provides semiconductor capital equipment that is essential within the manufacturing value chain, while Marvell Technology (MRVL) is making significant strides as a supplier of custom ASICs for the AI “factories” currently under development.”
Marvell Technology, Inc. - June 2025
“Outside of the trades associated with the name swaps, we also made a number of strategic trims and adds to optimize existing position sizes in response to attractive price dynamics, including redeploying capital raised from partial sells of our positions in Intuit, ServiceNow and Uber on strength in order to fund incremental additions to Marvell, Datadog, and Chipotle on relative weakness.”
Marvell Technology, Inc. - June 2025
“While we recognize the strength of Broadcom’s business model, we find the company’s most compelling growth segments—such as data center optics and semi-custom data center silicon—are also core areas of expertise for Marvell Technology (MRVL), a current portfolio holding.”
Marvell Technology, Inc. - June 2025
“ Marvell shares rebounded from weak first quarter performance as investor confidence returned, fueled by the resilience and near-term acceleration of the AI infrastructure build.”
Marvell Technology, Inc.
Also mentioned · 5
These funds discuss Marvell Technology, Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedAristotle Value Equity StrategySeptember 2026
“Concentrated capital, driven by speculative enthusiasm and drawing attention away from fundamentally stable, predictable businesses; we’ve spoken about this at length. More recently, significant changes in the composition of our primary benchmark, the Russell 1000 Value, have reshaped the Index. Seven of the Index’s ten largest contributors to returns during the first half of the year were removed at the end of June: Micron, Caterpillar, Applied Materials, AMD, Sandisk, Western Digital and Marvell Technology.”
Marvell Technology, Inc. - MentionedMD SASS Concentrated ValueJune 2026
“Because many of those suppliers, including Micron, Intel, Western Digital, Dell, and Marvell, were traditionally viewed as cyclical businesses,”
Marvell Technology, Inc. - MentionedOakmark FundJune 2026
Named in a table in Oakmark Fund’s letter.
Marvell Technology, Inc. - June 2026
“Marvell Technology outperformed as they ramped shipments of their custom AI chip for Amazon and are working on designs for other customers including Microsoft. They are also seeing significant growth in connectivity products for AI data centers.”
Marvell Technology, Inc. - MentionedWhite Brook CapitalMarch 2026
“On one hand Nvidia has a dominant technology with leads in hardware that’s locked by advantaged software that ensures that it’s multiple years ahead of the competition; on the other, all of the top cloud compute providers have also contracted with the likes of AMD, Broadcom, Intel, and Marvell Technology to provide alternative chipsets.”
Marvell Technology, Inc.
Fund coverage · 3 theses
Marvell Technology designs data-infrastructure chips and is backed by rising estimates and NVIDIA’s AI-infrastructure investment.
Read the full thesis- DavenportDecember 2025
Marvell Technology, Inc. is a fabless semiconductor provider with leading IP and robust R&D for data infrastructure, offering a compelling risk/reward after a pullback.
Read the full thesis - Alpha Wealth FundsDecember 2025
Marvell Technology is leveraged to the AI and data center supercycle via custom silicon and optical connectivity, supported by insider buying and improving margins.
Read the full thesis
Read every full thesis on Marvell Technology, Inc.
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