Marvell Technology, Inc., a major Internet IC design manufacturer, decided to increase the market outlook for customized AI chips, and its stock price should jump higher.

According to reports from Barron’s and MarketWatch, Marvell conducted an online seminar on the 18th to improve the total addressable market (simplified by TAM) of its customized AI chips from the original $43 billion to $55 billion.

In addition to its original cooperation with Amazon.com, Microsoft Corp. and Alphabet Inc. Google, Marvell announced at the conference that two "New" super-large cloud computing customers, as well as more than 50 opportunities to customize chips for other customers, and it is estimated that this is expected to be converted to US$75 billion in revenue.

Although Marvell has not disclosed which two new major cloud vendors it is, people in Huaer Street guessed that these customers may be OpenAI and Elon Musk's xAI.

Marvell's 18th news surged 7.09%, closing at US$74.95, reaching a new closing high since March 5, ranking among the 30 constituent stocks in the Philadelphia Semiconductor Index. Marvell unlimitedly extended the legal meeting in May, and the reason at that time was "the overall environment was full of changes."

Marvell shares have fallen 32.14% since the beginning of the year. Melius Research analyst Ben Reitzes pointed out through a research report that although Marvell's seminar strengthens the market's confidence in the company's strategic direction, it has not resolved the doubts about the growth of data centers in 2025 and 2026.

Reitzes will closely observe the city's changes in 2026, especially the "MAIA" accelerator launched by Microsoft and the next-generation AI accelerator "Trainium 3" of Amazon Web Services (AWS).

Extended reading: Mivier's growth can be suspected, stock price has been close to the waist so far