SiliconANGLE theCUBE · Oct 6, 2026 · 33m · 18m saved
With Will Chu, Executive Vice President and General Manager of the Custom Cloud Solutions Business Unit at Marvell · David Lazovsky, Executive Vice President and General Manager of the Data Center Networking Group at Marvell
Marvell raised its long-term targets at its investor day in Manhattan and guided to about $80 billion of revenue at the midpoint for fiscal 2031. Its stock closed the day up $15.71 at $286, the host said.
Much of the public debate treats the money going into AI data centers as a risk. The two Marvell executives said the spending is now paying for itself, because most new capacity serves inference, the work of answering users' requests, and that is where cloud providers earn their return.
"If you just summarize it as it's all been mentioned this is the biggest buildout in capex in human history." — Will Chu
Will Chu, Executive Vice President and General Manager of Marvell's Custom Cloud Solutions business, has spent nine years at the company and runs the custom chips it designs for the largest cloud providers. David Lazovsky co-founded and ran Celestial AI until Marvell bought it in February, and now runs Marvell's data center networking group. Both spoke on SiliconANGLE theCUBE's AI Factories series, part of its NYSE Wired program, on the afternoon of the investor day.
The full interview is covered here so you can skip it. 33 minutes of audio, 15 minutes of reading.
Here are the 16 insights that matter.
Key Takeaways
Marvell guided to about $80 billion of revenue at the midpoint for fiscal 2031, and its stock closed up $15.71 at $286
Marvell skipped the 7-nanometer chip generation around 2018–2019, which Chu said is very rare and laid the foundation for its growth
The memory that keeps AI chats fast fills up and spills over, Lazovsky said, slowing responses and wasting expensive GPUs
Copper links at about 200 gigabits per second reach only about 2.5 meters, so AI systems are stuck inside one rack until they move to optics
Lazovsky wants the groups of linked processors to grow from about 72 to more than 500
About 85% of data traffic between AI processors stays inside these linked groups, and Marvell says it can cut the power of each memory transfer by 30% to 50%
The largest cloud providers will invest about $1.2 trillion this year, mostly concentrated in the big four, and each builds its own chips and networking
More than 60% of data center builds now serve inference, up from about a third three years ago, and Marvell's executives expect it to approach 90%
Marvell's new switch carries 512 lanes of 200-gigabit data on a single chip, with at least 20% lower latency and power than competing products
1. An $80B Revenue Target
The host said Marvell's stock was up 15 points that afternoon after the company's investor day in Manhattan, and that it looked set to close around $286. He asked what was driving the business.
Chu said the result was a 10-year plan coming together
Chu, who has been at Marvell for nine years, said the investor day described a journey of more than 10 years. In 2017, he said, Marvell set itself the mission of leading in data infrastructure, meaning moving, processing, storing and securing the world's data with high-quality chips, at a time when nobody knew what that meant.
"And for the past 10 years, we've been investing heavily to make it happen." — Will Chu
Marvell raised its numbers
Chu said all three of its large businesses were growing at once: his custom chip business, Lazovsky's data center networking business and the connectivity business.
"We're firing on all cylinders, right?" — Will Chu
He said Marvell will keep gaining market share and guided to about $80 billion at the midpoint for calendar 2030, its fiscal 2031.
Half the investment came through acquisitions
The host said chief executive Matt Murphy had described about $20 billion invested organically and about $20 billion spent on acquisitions over that period.
