Analyst Backs Broadcom Over Marvell on 66% Growth and 34x Forward Earnings
Updated
Updated · The Motley Fool · Jun 22
Analyst Backs Broadcom Over Marvell on 66% Growth and 34x Forward Earnings
3 articles · Updated · The Motley Fool · Jun 22
Summary
Broadcom was picked as the stronger AI stock because its custom-chip business serves Alphabet, Meta, OpenAI and Anthropic, while Marvell’s key ASIC customers are Amazon and Microsoft.
Alphabet’s TPU gave Broadcom an edge in the comparison, with the analyst arguing it is the most successful custom AI chip among hyperscaler-backed offerings.
Wall Street also sees faster expansion ahead: Broadcom revenue is projected to grow 66% in fiscal 2026 and 62% in 2027, versus Marvell’s 41% in fiscal 2027 and 45% in 2028.
Valuation reinforced the call, with Broadcom at 34 times forward earnings while Marvell was described as expensive even against fiscal 2028 earnings estimates after enthusiasm tied to Nvidia’s endorsement.