Marvell Technology predicted on Wednesday that as cloud companies expand artificial intelligence data centers and invest in custom chips to reduce reliance on Nvidia processors, its custom chip business revenue will exceed $10 billion by fiscal 2029. Morningstar analyst William Kerwin said that Marvell's custom chip revenue forecast indicates that this business alone will generate an additional $5 billion in revenue in fiscal 2028 to 2029, suggesting strong growth in fiscal 2029.
