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AVGO
Broadcom Inc. · Technology
$411.35
+0.07% this month
VERSUS
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MRVL
Marvell Technology, Inc. · Technology
$310.58
+76.20% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
AVGO
3
MRVL
1
Comparison scoreboard
AVGO LEADS 3/5AI Score
AVGO ✓74.5
MRVL 66.2
1Y Return
AVGO +64.96%
MRVL ✓+315.50%
Fwd P/E
AVGO ✓19.74
MRVL 50.31
Target Up.
AVGO ✓+36.64%
MRVL -23.13%
Op. Margin
AVGO 48.99%
MRVL N/A
Metrics last refreshed: 6/20/2026
Quick take
AVGO vs MRVL Stock Comparison: AI Score, Valuation, Performance and Upside
Broadcom and Marvell are both AI data center semiconductor companies with custom ASIC and networking expertise, but at very different scales. Broadcom's custom AI ASIC relationships (Google TPU, Meta MTIA) and Ethernet switching leadership (Tomahawk) are the most significant in the industry — far larger than Marvell's Amazon ASIC relationship. Marvell has unique optical interconnect DSP technology that Broadcom doesn't directly replicate. Both are beneficiaries of AI data center buildout, but Broadcom has more scale and diversification through VMware.
AVGO vs MRVL is the largest custom AI ASIC company with Google/Meta relationships, Tomahawk networking, and VMware software diversification (Broadcom) versus the smaller data infrastructure semiconductor company with Amazon AI ASIC design and optical interconnect DSP differentiation (Marvell) — dominant scale and customer relationships vs smaller-scale growth with optical networking technology edge.
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
AVGO
MRVL
Recent returns
AVGO
MRVL
Analyst price targets & sentiment
AVGO
Price target range
analyst mean$522.06
current price$411.35
+36.6% upside to analyst mean
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
Who should consider this stock?
AVGO may suit investors who:
- →prefer the largest scale custom AI ASIC company with Google and Meta hyperscaler relationships at greater development depth than Marvell's Amazon relationship
- →value Broadcom's VMware enterprise software adding $8B+ recurring revenue beyond semiconductor cycle sensitivity
- →want the broadest AI data center semiconductor exposure — custom ASICs, Ethernet switching, wireless, and enterprise software in one company
- →are comfortable with VMware customer backlash, Google/Meta hyperscaler concentration, and premium valuation reflecting quality and scale
MRVL may suit investors who:
- →prefer smaller-cap AI semiconductor growth with higher percentage upside potential from Amazon custom ASIC design scaling and optical interconnect adoption
- →value Marvell's optical DSP technology leadership as a differentiated capability enabling the high-bandwidth networking AI data center scaling requires
- →want AI semiconductor exposure at lower absolute valuation than Broadcom — Marvell's smaller base provides more percentage upside in AI revenue acceleration
- →are comfortable with Broadcom's scale advantage in customer relationships, carrier networking cyclicality as legacy revenue drag, and execution risk across multiple simultaneous product development programs
Performance & AI score
| Metric | AVGO | MRVL |
|---|---|---|
| AI score | 74.5 | 66.2 |
| AI rank | #24 | #55 |
| Latest close | $411.35 | $310.58 |
| 1M return | +0.07% | +76.20% |
| 6M return | +26.17% | +280.61% |
| 1Y return | +64.96% | +315.50% |
$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 | AVGO | MRVL |
|---|---|---|
| 1Y ago | $16.37K (+63.7%) started 2025-06-18 | $41.66K (+316.6%) started 2025-06-18 |
| 5Y ago | $106.02K (+960.2%) started 2021-06-21 | $59.5K (+495.0%) started 2021-06-18 |
| 10Y ago | $452.71K (+4427.1%) started 2016-06-20 | $355.4K (+3454.0%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | AVGO | MRVL |
|---|---|---|
| Market cap | $1.82T | $271.7B |
| Trailing P/E | 63.68 | 107.10 |
| Forward P/E | 19.74 | 50.31 |
| Price/Sales | N/A | 31.17 |
| EV/Revenue | 24.69 | 28.13 |
| Analyst target | $522.06 | $238.75 |
| Target upside | +36.64% | -23.13% |
Growth, profitability & risk
| Metric | AVGO | MRVL |
|---|---|---|
| Revenue growth | 47.90% | 27.60% |
| Earnings growth | 85.40% | -80.40% |
| EPS growth | +85.40% | -80.40% |
| FCF margin | +36.06% | +26.04% |
| Operating margin | 48.99% | N/A |
| Profit margin | 38.85% | 28.99% |
| ROIC proxy | 37.28% | 16.03% |
| Return on equity | 37.28% | 16.03% |
| Dividend yield | 0.68% | 0.09% |
| Beta | 1.43 | 2.28 |
| Debt/equity | 74.02 | 28.97 |
| Current ratio | 2.24 | 3.28 |
| Quick ratio | 1.93 | 2.51 |
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
AVGO max drawdown28.95%
MRVL max drawdown26.36%
AVGO max wkly drop22.35%
MRVL max wkly drop18.00%
5Y risk snapshot
AVGO max drawdown41.15%
MRVL max drawdown61.88%
AVGO max wkly drop22.35%
MRVL max wkly drop23.97%
10Y risk snapshot
AVGO max drawdown48.30%
MRVL max drawdown61.88%
AVGO max wkly drop31.75%
MRVL max wkly drop23.97%
Performance metrics by period
| Period | Metric | AVGO | MRVL |
|---|---|---|---|
| 1Y | Growth | +63.71% | +315.50% |
| CAGR | +63.83% | +315.91% | |
| Sharpe ratio | 1.21 | 2.27 | |
| Max drawdown | 28.95% | 26.36% | |
| Max daily drop | 12.59% | 18.59% | |
| Max wkly drop | 22.35% | 18.00% | |
| 5Y | Growth | +863.18% | +483.49% |
| CAGR | +57.42% | +42.31% | |
| Sharpe ratio | 1.16 | 0.80 | |
| Max drawdown | 41.15% | 61.88% | |
| Max daily drop | 17.40% | 19.81% | |
| Max wkly drop | 22.35% | 23.97% | |
| 10Y | Growth | +3286.54% | +3194.79% |
| CAGR | +42.25% | +41.87% | |
| Sharpe ratio | 0.98 | 0.84 | |
| Max drawdown | 48.30% | 61.88% | |
| Max daily drop | 19.91% | 19.81% | |
| Max wkly drop | 31.75% | 23.97% |
Business comparison
| Category | AVGO | MRVL |
|---|---|---|
| Company | Broadcom Inc. | Marvell Technology, Inc. |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| Core business | Broadcom is the largest custom AI ASIC manufacturer, designing Google TPU and Meta MTIA application-specific chips alongside Tomahawk Ethernet switching ASICs, wireless chips (for Apple iPhone), and now VMware enterprise software. Broadcom's Tomahawk switching chips are the industry standard for AI data center Ethernet switching. Its custom ASIC design relationships with Google and Meta span years of co-development. Broadcom's scale — $35B+ in semiconductor revenue — dwarfs Marvell ($6B). | Marvell is a data infrastructure semiconductor company with custom AI ASICs for Amazon (AWS), optical DSPs for high-speed data center interconnects, and traditional carrier/enterprise networking. Marvell's Amazon ASIC relationship (including Trainium AI training chips and Inferentia inference chips) represents its primary AI custom silicon relationship. Optical DSP silicon for 800G and 1.6T coherent optical networking is a differentiated and growing segment. |
| Investor focus | Investors track AI semiconductor revenue (custom XPUs and networking), VMware subscription conversion, and the anticipated surge in AI ASIC revenue as Google and Meta expand their custom chip programs. | Investors track data center revenue growth, Amazon custom ASIC deployment scale, optical interconnect design win momentum, and quarterly guidance for AI revenue acceleration. |
AVGO strengths
- →Largest custom AI ASIC relationships with Google and Meta at greater scale and earlier stage than Marvell's Amazon relationship
- →Tomahawk Ethernet switching ASIC is the industry standard for AI data center cluster networking — used in both Nvidia GPU clusters and custom AI server farms
- →VMware acquisition adds $8B+ recurring enterprise software revenue — diversification from semiconductor cycle unavailable to Marvell
MRVL strengths
- →Amazon custom ASIC relationship (Trainium, Inferentia) is a significant and growing hyperscaler AI ASIC design partnership — second only to Broadcom's Google/Meta relationships in scale potential
- →Optical DSP technology leadership at 800G and 1.6T speeds for coherent optical networking — a differentiated position enabling AI data center bandwidth scaling
- →Smaller size creates more upside potential — Marvell's AI revenue is growing faster percentage-wise than Broadcom's larger base
Risks to watch — AVGO
- →VMware enterprise customer backlash from price increases is creating some competitive evaluations
- →Custom AI ASIC concentration in Google and Meta — volume risk if either hyperscaler slows AI chip development
- →Broadcom's scale means it's 5–6x larger than Marvell — comparing the two on per-dollar terms requires accounting for the significant revenue scale difference
Risks to watch — MRVL
- →Broadcom's greater scale in custom AI ASICs (Google and Meta relationships) creates a significant competitive headstart over Marvell's Amazon relationship
- →Carrier and enterprise networking revenue (legacy portions of Marvell's business) are in cyclical downturn, creating headwinds on non-AI revenue
- →As a smaller company, Marvell faces resource constraints in simultaneously serving Amazon custom ASIC design, optical networking, and enterprise networking markets
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