Marvell Technology, Inc. (NASDAQ:MRVL) traded at around $285 on October 7, down 0.81% on the day, though still 216.51% higher over twelve months. The company raised its 2028 revenue target to $20 billion at its investor day. Against $9.45 billion of trailing revenue, that target is the whole argument for the stock. READ ALSO: Marvell vs. Broadcom: Which Custom AI Chip Stock Has More Room to Run?What is Marvell's (MRVL) Economic Moat, and is it Widening or Narrowing? Custom Silicon Is a Moat That Lasts One Product Cycle: Marvell designs chips to a single customer's specification rather than selling a catalogue part. Winning that design means the customer cannot switch without respinning the silicon, which takes years.
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