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MRVL
Marvell Technology, Inc. · Technology
$310.58
+76.20% this month
VERSUS
⟷
COMPARE
AVGO
Broadcom Inc. · Technology
$411.35
+0.07% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
MRVL
1
AVGO
3
Comparison scoreboard
AVGO LEADS 3/5AI Score
MRVL 66.2
AVGO ✓74.5
1Y Return
MRVL ✓+315.50%
AVGO +64.96%
Fwd P/E
MRVL 50.31
AVGO ✓19.74
Target Up.
MRVL -23.13%
AVGO ✓+36.64%
Op. Margin
MRVL N/A
AVGO 48.99%
Metrics last refreshed: 6/20/2026
Quick take
MRVL vs AVGO Stock Comparison: AI Score, Valuation, Performance and Upside
MRVL and AVGO are both custom AI ASIC providers to hyperscalers, but at very different scales and with different revenue diversification profiles. Broadcom is a much larger company with dominant networking ASIC positions, VMware software revenue, and multi-year custom AI silicon programs at Google and Meta. Marvell is more purely AI ASIC focused with smaller but growing programs at AWS and Google, offering higher growth rates from a smaller base.
MRVL vs AVGO is a choice between a focused custom AI ASIC grower with high revenue growth rates (Marvell) and a diversified semiconductor and software giant with dominant networking and custom ASIC positions at a larger scale (Broadcom) — Marvell offers more growth upside from a smaller base; Broadcom offers more stability, diversification, and a proven mega-cap track record.
Live analysis · updated 6/20/2026
AVGO holds the edge across 3 of 5 key metrics in this comparison. MRVL has delivered stronger 1-year price return (+315.50% vs +64.96%), though AVGO trades at the lower forward P/E (19.74x vs 50.31x). Analyst consensus implies meaningfully more upside for AVGO (+36.64%) than for MRVL (-23.13%).
Normalized 1Y performance
MRVL
AVGO
Recent returns
MRVL
AVGO
Analyst price targets & sentiment
MRVL · 41 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.5/5.0)
Price target range
analyst low$110.00
analyst high$385.00
analyst mean$238.75
current price$310.58
-23.1% upside to analyst mean
AVGO
Price target range
analyst mean$522.06
current price$411.35
+36.6% upside to analyst mean
Who should consider this stock?
MRVL may suit investors who:
- →prefer a focused custom AI ASIC story with high revenue growth rates driven by AWS and Google design wins
- →value a more concentrated bet on AI infrastructure semiconductors without VMware integration complexity
- →want a mid-large-cap semiconductor company where AI ASIC programs will be more transformative to overall revenue mix
- →are comfortable with significant exposure to a small number of hyperscaler customers and ASIC program timing risk
AVGO may suit investors who:
- →prefer a diversified semiconductor and software giant with dominant networking ASIC moats and VMware subscription revenue
- →value custom AI ASIC programs at Google and Meta as additions to an already large and profitable semiconductor franchise
- →want combined exposure to AI networking, custom silicon, and enterprise software in a single mega-cap holding
- →are comfortable with VMware integration execution risk and premium valuation in exchange for diversified AI revenue streams
Performance & AI score
| Metric | MRVL | AVGO |
|---|---|---|
| AI score | 66.2 | 74.5 |
| AI rank | #55 | #24 |
| Latest close | $310.58 | $411.35 |
| 1M return | +76.20% | +0.07% |
| 6M return | +280.61% | +26.17% |
| 1Y return | +315.50% | +64.96% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | MRVL | AVGO |
|---|---|---|
| 1Y ago | $41.66K (+316.6%) started 2025-06-18 | $16.37K (+63.7%) started 2025-06-18 |
| 5Y ago | $59.5K (+495.0%) started 2021-06-18 | $106.02K (+960.2%) started 2021-06-21 |
| 10Y ago | $355.4K (+3454.0%) started 2016-06-20 | $452.71K (+4427.1%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | MRVL | AVGO |
|---|---|---|
| Market cap | $271.7B | $1.82T |
| Trailing P/E | 107.10 | 63.68 |
| Forward P/E | 50.31 | 19.74 |
| Price/Sales | 31.17 | N/A |
| EV/Revenue | 28.13 | 24.69 |
| Analyst target | $238.75 | $522.06 |
| Target upside | -23.13% | +36.64% |
Growth, profitability & risk
| Metric | MRVL | AVGO |
|---|---|---|
| Revenue growth | 27.60% | 47.90% |
| Earnings growth | -80.40% | 85.40% |
| EPS growth | -80.40% | +85.40% |
| FCF margin | +26.04% | +36.06% |
| Operating margin | N/A | 48.99% |
| Profit margin | 28.99% | 38.85% |
| ROIC proxy | 16.03% | 37.28% |
| Return on equity | 16.03% | 37.28% |
| Dividend yield | 0.09% | 0.68% |
| Beta | 2.28 | 1.43 |
| Debt/equity | 28.97 | 74.02 |
| Current ratio | 3.28 | 2.24 |
| Quick ratio | 2.51 | 1.93 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
MRVL max drawdown26.36%
AVGO max drawdown28.95%
MRVL max wkly drop18.00%
AVGO max wkly drop22.35%
5Y risk snapshot
MRVL max drawdown61.88%
AVGO max drawdown41.15%
MRVL max wkly drop23.97%
AVGO max wkly drop22.35%
10Y risk snapshot
MRVL max drawdown61.88%
AVGO max drawdown48.30%
MRVL max wkly drop23.97%
AVGO max wkly drop31.75%
Performance metrics by period
| Period | Metric | MRVL | AVGO |
|---|---|---|---|
| 1Y | Growth | +315.50% | +63.71% |
| CAGR | +315.91% | +63.83% | |
| Sharpe ratio | 2.27 | 1.21 | |
| Max drawdown | 26.36% | 28.95% | |
| Max daily drop | 18.59% | 12.59% | |
| Max wkly drop | 18.00% | 22.35% | |
| 5Y | Growth | +483.49% | +863.18% |
| CAGR | +42.31% | +57.42% | |
| Sharpe ratio | 0.80 | 1.16 | |
| Max drawdown | 61.88% | 41.15% | |
| Max daily drop | 19.81% | 17.40% | |
| Max wkly drop | 23.97% | 22.35% | |
| 10Y | Growth | +3194.79% | +3286.54% |
| CAGR | +41.87% | +42.25% | |
| Sharpe ratio | 0.84 | 0.98 | |
| Max drawdown | 61.88% | 48.30% | |
| Max daily drop | 19.81% | 19.91% | |
| Max wkly drop | 23.97% | 31.75% |
Business comparison
| Category | MRVL | AVGO |
|---|---|---|
| Company | Marvell Technology, Inc. | Broadcom Inc. |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| Core business | Marvell Technology is a large-cap fabless semiconductor company whose AI strategy centers on designing custom AI ASICs for major cloud providers (AWS, Google) alongside high-speed Ethernet switching PHYs, optical DSPs, and PCIe retimers for AI data center infrastructure. Marvell also has exposure to 5G infrastructure, enterprise networking, and data center interconnect. Revenue is transitioning toward AI and cloud at the expense of slower enterprise and carrier segments. | Broadcom is a large, diversified semiconductor and infrastructure software company following its $69B acquisition of VMware in 2023. Its semiconductor segment dominates networking (Tomahawk switching chips, Jericho routing), storage controllers, wireless connectivity, and custom AI ASICs for hyperscalers including Google (TPU) and Meta. VMware contributes significant software revenue from virtualization licenses and VCF subscription conversions. Broadcom's AI networking and ASIC segment has grown into a major growth driver. |
| Investor focus | Investors focus on custom AI ASIC revenue ramp at AWS and Google, data center percentage of total revenue, and five-year AI revenue targets that Marvell has committed to publicly. Gross margin expansion as ASIC mix grows is also closely tracked. | Investors focus on AI semiconductor revenue (networking ASICs and custom TPU-type chips for hyperscalers), VMware revenue conversion to subscription, combined operating margins from hardware and software, and the pace of AI-specific revenue growth relative to the broader semiconductor cycle. |
MRVL strengths
- →Multi-billion-dollar custom AI ASIC programs at AWS and Google provide long-duration, high-value revenue with deep customer lock-in
- →Broad data center product portfolio (PHYs, DSPs, retimers) creates multiple revenue entry points in AI infrastructure
- →Strong IP portfolio in SerDes technology underpins connectivity product differentiation
AVGO strengths
- →Dominant networking ASIC position (Tomahawk, Jericho) with hyperscaler design wins that are extremely difficult for competitors to displace
- →VMware acquisition creates a high-margin software subscription revenue stream that diversifies beyond semiconductor cyclicality
- →Custom AI chip programs (Google TPU, Meta MTIA) represent multi-billion-dollar annualized revenue from the largest global AI spenders
Risks to watch — MRVL
- →Custom ASIC programs are highly concentrated in a small number of hyperscaler customers
- →Carrier and enterprise networking revenue remains under pressure, creating near-term revenue mix headwinds
- →Broadcom directly competes in custom AI ASICs for hyperscalers with significantly more resources and operational scale
Risks to watch — AVGO
- →VMware integration complexity and customer pushback against aggressive subscription pricing create execution risk
- →Broadcom's valuation reflects significant AI revenue expectations — any execution miss or hyperscaler spend deceleration could cause sharp multiple compression
- →Scale and complexity of both semiconductor and software operations make financial analysis more complex than pure-play competitors
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