CRDO vs MRVL Stock Comparison: AI Score, Valuation, Performance and Upside
CRDO and MRVL both supply AI data center connectivity technology but at very different scales and with different strategic scope. Credo is a small-cap pure-play focused on AEC and SerDes for intra-cluster connectivity, while Marvell is a large-cap diversified semiconductor company whose AI strategy spans custom ASICs, optical DSPs, and networking PHYs across the entire hyperscaler infrastructure stack.
CRDO offers focused exposure to AI interconnect at the AEC/SerDes layer with high growth rates but concentrated customer risk; MRVL offers broader AI infrastructure exposure via custom ASICs and networking ICs with more customers and scale but at a much larger market cap.
CRDO holds the edge across 3 of 5 key metrics in this comparison. MRVL has delivered stronger 1-year price return (+229.04% vs +2.08%), though CRDO has the better forward P/E setup (17.21x vs 30.75x for MRVL). CRDO leads on both revenue growth (157.00%) and operating margin (35.66%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for CRDO (+67.71%) than for MRVL (+37.93%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- prefer a pure-play small-cap bet on AEC winning at AI GPU cluster intra-rack distances
- value a simple, focused product strategy targeting a single high-growth market
- want higher growth rate potential in a niche connectivity technology with early mover advantages
- are comfortable with customer concentration and the lumpiness of hyperscaler infrastructure deployments
- prefer a large-cap semiconductor company with diversified AI exposure spanning ASICs, optical, and networking
- value custom AI silicon programs at AWS and Google as long-duration, high-value revenue streams
- want broader AI infrastructure exposure across hyperscaler customers beyond a single OEM relationship
- are comfortable with custom ASIC program timing risk and near-term carrier/enterprise revenue headwinds
| Metric | CRDO | MRVL |
|---|---|---|
| AI scorei | 58.6 | 79.4 |
| AI ranki | #203 | #16 |
| Latest closei | $175.89 | $244.25 |
| 1M returni | -25.10% | +2.94% |
| 6M returni | +70.11% | +172.81% |
| 1Y returni | +2.08% | +229.04% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | CRDO | MRVL |
|---|---|---|
| 1Y ago | $10.21K (+2.1%) started 2025-09-18 | $32.9K (+229.0%) started 2025-09-18 |
| 5Y ago | $150.98K (+1409.8%) started 2022-01-27 | $40.25K (+302.5%) started 2021-09-20 |
| 10Y ago | $150.98K (+1409.8%) started 2022-01-27 | $189.34K (+1793.4%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | CRDO | MRVL |
|---|---|---|
| Market capi | $31.13B | $185.56B |
| Trailing P/Ei | 66.26 | 68.15 |
| Forward P/Ei | 17.21 | 30.75 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 27.80 | 19.66 |
| Analyst targeti | $277.81 | $284.80 |
| Target upsidei | +67.71% | +37.93% |
| Metric | CRDO | MRVL |
|---|---|---|
| Revenue growthi | 157.00% | 36.50% |
| Earnings growthi | 343.20% | 50.00% |
| EPS growthi | +343.20% | +50.00% |
| FCF margini | +18.79% | +25.48% |
| Operating margini | 35.66% | 16.68% |
| Profit margini | 35.37% | 27.93% |
| ROIC proxyi | 34.41% | 16.52% |
| Return on equityi | 34.41% | 16.52% |
| Dividend yieldi | N/A | 0.11% |
| Payout ratioi | 0.00% | 7.95% |
| Dividend growth streaki | N/A | N/A |
| Betai | 3.23 | 2.25 |
| Debt/equityi | 1.23 | 28.52 |
| Current ratioi | 10.15 | 3.17 |
| Quick ratioi | 8.51 | 2.46 |
Over the past year, CRDO and MRVL have moved moderately in the same direction (correlation of 0.47), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | CRDO | MRVL |
|---|---|---|---|
| 1Y | Growthi | +2.08% | +229.04% |
| CAGRi | +2.08% | +229.31% | |
| Volatilityi | 95.58% | 79.31% | |
| Sharpe ratioi | 0.45 | 1.84 | |
| Sortino ratioi | 0.66 | 3.10 | |
| Max drawdowni | 53.59% | 48.36% | |
| Current drawdowni | 41.86% | 22.81% | |
| Avg drawdowni | 22.12% | 13.64% | |
| Ulcer Indexi | 26.32% | 18.04% | |
| Max daily dropi | 20.04% | 16.74% | |
| Max wkly dropi | 31.66% | 22.60% | |
| 5Y | Growthi | +1409.79% | +302.52% |
| CAGRi | +79.49% | +32.16% | |
| Volatilityi | 82.97% | 64.96% | |
| Sharpe ratioi | 1.08 | 0.68 | |
| Sortino ratioi | 1.63 | 1.04 | |
| Max drawdowni | 62.04% | 62.10% | |
| Current drawdowni | 41.86% | 22.81% | |
| Avg drawdowni | 19.69% | 31.59% | |
| Ulcer Indexi | 25.44% | 35.71% | |
| Max daily dropi | 46.80% | 19.81% | |
| Max wkly dropi | 51.50% | 23.97% | |
| 10Y | Growthi | +1409.79% | +1793.41% |
| CAGRi | +79.49% | +34.21% | |
| Volatilityi | 82.97% | 53.54% | |
| Sharpe ratioi | 1.08 | 0.73 | |
| Sortino ratioi | 1.63 | 1.12 | |
| Max drawdowni | 62.04% | 62.10% | |
| Current drawdowni | 41.86% | 22.81% | |
| Avg drawdowni | 19.69% | 20.39% | |
| Ulcer Indexi | 25.44% | 26.80% | |
| Max daily dropi | 46.80% | 19.81% | |
| Max wkly dropi | 51.50% | 23.97% |
| Category | CRDO | MRVL |
|---|---|---|
| Company | Credo Technology Group Holding Ltd | Marvell Technology, Inc. |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
| Core business | Credo Technology designs SerDes ICs and HiWire active electrical cable (AEC) assemblies for hyperscale AI data center interconnect. Its products address the 800G-to-1.6T Ethernet connectivity layer within GPU clusters, competing on power efficiency and cost against optical alternatives at shorter reach. Credo is fabless with significant Microsoft Azure design wins driving the current revenue ramp. | Marvell Technology is a large-cap fabless semiconductor company whose fastest-growing segment is custom AI silicon — designing application-specific integrated circuits (ASICs) for major cloud providers including Amazon (Trainium/Inferentia-style custom AI chips) and Google (TPU components). Marvell also supplies high-speed Ethernet switching and PHY components, optical DSPs, and PCIe retimers for AI data center infrastructure. Carriers and enterprise networking form the legacy base. |
| Investor focus | Investors track customer diversification beyond Microsoft, design-win announcements at other hyperscalers, revenue ramp trajectory on AI cluster deployments, and gross margin expansion as AEC production scales. | Investors focus on custom AI ASIC revenue ramp at AWS and Google, the trajectory of data center revenue as a percentage of total, and gross margin sustainability as the custom ASIC mix grows. Five-year revenue targets tied to AI ASIC programs are closely tracked. |
- HiWire AEC technology is validated by a major Microsoft Azure deployment at significant scale
- SerDes IP licensing provides high-margin recurring revenue alongside product sales
- Focused product roadmap on a single high-growth market (AI cluster interconnect) allows deep customer integration
- Custom AI ASIC programs at AWS and Google represent multi-billion-dollar revenue opportunities with long design cycles and deep customer lock-in
- Broad data center product portfolio (PHYs, DSPs, switches) creates multiple revenue streams within AI infrastructure builds
- Strong IP portfolio in SerDes and networking silicon enables participation across the full AI connectivity stack
- Single dominant customer (Microsoft) creates material revenue concentration risk
- Marvell's COLORZ and PAM4 PHY products compete directly in the same hyperscaler connectivity market
- A shift in AI cluster architecture away from AEC (toward co-packaged optics or different switch topologies) could disrupt the product thesis
- Custom ASIC programs are lumpy and highly dependent on a small number of hyperscaler customers continuing to expand AI compute
- Intel, Broadcom, and startups compete in AI ASIC, while internal hyperscaler teams may reduce outsourcing over time
- Carrier and enterprise networking revenue remains under pressure, creating near-term revenue mix headwinds
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