Marvell Stock Surges After CEO Announces Long-Term Revenue Target

Marvell Technology shares rose 7.2% after CEO Matt Murphy set a fiscal 2031 revenue target of $70B-$90B, up from $8.2B in fiscal 2026, implying roughly 55-60% annual growth. The custom chip business is expected to contribute $30B at the midpoint, while the interconnect business accounts for $37.5B. 95 clean stories shaped this window, with sentiment strongly bullish at 73/100. Also in focus: Lamb Weston shares jump 11% after executive chair highlights turnaround progress.