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CRDO
Credo Technology Group Holding Ltd · Technology
$271.83
+60.86% this month
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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
CRDO
2
MRVL
2
Comparison scoreboard
MIXED SETUPAI Score
CRDO 61.1
MRVL ✓66.2
1Y Return
CRDO +217.60%
MRVL ✓+315.50%
Fwd P/E
CRDO ✓31.28
MRVL 50.31
Target Up.
CRDO ✓-5.71%
MRVL -23.13%
Op. Margin
CRDO N/A
MRVL N/A
Metrics last refreshed: 6/20/2026
Quick take
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.
Live analysis · updated 6/20/2026
CRDO and MRVL are closely matched — they split the tracked metrics evenly. MRVL has delivered stronger 1-year price return (+315.50% vs +217.60%), though CRDO trades at the lower forward P/E (31.28x vs 50.31x). Analyst consensus implies meaningfully more upside for CRDO (-5.71%) than for MRVL (-23.13%).
Normalized 1Y performance
CRDO
MRVL
Recent returns
CRDO
MRVL
Analyst price targets & sentiment
CRDO · 18 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.3/5.0)
Price target range
analyst low$184.00
analyst high$300.00
analyst mean$256.30
current price$271.83
-5.7% 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?
CRDO may suit investors who:
- →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
MRVL may suit investors who:
- →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
Performance & AI score
| Metric | CRDO | MRVL |
|---|---|---|
| AI score | 61.1 | 66.2 |
| AI rank | #142 | #55 |
| Latest close | $271.83 | $310.58 |
| 1M return | +60.86% | +76.20% |
| 6M return | +102.66% | +280.61% |
| 1Y return | +217.60% | +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 | CRDO | MRVL |
|---|---|---|
| 1Y ago | $31.76K (+217.6%) started 2025-06-18 | $41.66K (+316.6%) started 2025-06-18 |
| 5Y ago | $233.33K (+2233.3%) started 2022-01-27 | $59.5K (+495.0%) started 2021-06-18 |
| 10Y ago | $233.33K (+2233.3%) started 2022-01-27 | $355.4K (+3454.0%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | CRDO | MRVL |
|---|---|---|
| Market cap | $50.69B | $271.7B |
| Trailing P/E | 108.30 | 107.10 |
| Forward P/E | 31.28 | 50.31 |
| Price/Sales | 37.97 | 31.17 |
| EV/Revenue | 32.34 | 28.13 |
| Analyst target | $256.30 | $238.75 |
| Target upside | -5.71% | -23.13% |
Growth, profitability & risk
| Metric | CRDO | MRVL |
|---|---|---|
| Revenue growth | 157.00% | 27.60% |
| Earnings growth | 343.20% | -80.40% |
| EPS growth | +343.20% | -80.40% |
| FCF margin | +18.79% | +26.04% |
| Operating margin | N/A | N/A |
| Profit margin | 35.37% | 28.99% |
| ROIC proxy | 34.41% | 16.03% |
| Return on equity | 34.41% | 16.03% |
| Dividend yield | 0.00% | 0.09% |
| Beta | 3.23 | 2.28 |
| Debt/equity | 1.23 | 28.97 |
| Current ratio | 10.15 | 3.28 |
| Quick ratio | 8.51 | 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
CRDO max drawdown53.59%
MRVL max drawdown26.36%
CRDO max wkly drop25.66%
MRVL max wkly drop18.00%
5Y risk snapshot
CRDO max drawdown62.04%
MRVL max drawdown61.88%
CRDO max wkly drop51.50%
MRVL max wkly drop23.97%
10Y risk snapshot
CRDO max drawdown62.04%
MRVL max drawdown61.88%
CRDO max wkly drop51.50%
MRVL max wkly drop23.97%
Performance metrics by period
| Period | Metric | CRDO | MRVL |
|---|---|---|---|
| 1Y | Growth | +217.60% | +315.50% |
| CAGR | +217.85% | +315.91% | |
| Sharpe ratio | 1.73 | 2.27 | |
| Max drawdown | 53.59% | 26.36% | |
| Max daily drop | 14.81% | 18.59% | |
| Max wkly drop | 25.66% | 18.00% | |
| 5Y | Growth | +2233.30% | +483.49% |
| CAGR | +104.98% | +42.31% | |
| Sharpe ratio | 1.24 | 0.80 | |
| Max drawdown | 62.04% | 61.88% | |
| Max daily drop | 46.80% | 19.81% | |
| Max wkly drop | 51.50% | 23.97% | |
| 10Y | Growth | +2233.30% | +3194.79% |
| CAGR | +104.98% | +41.87% | |
| Sharpe ratio | 1.24 | 0.84 | |
| Max drawdown | 62.04% | 61.88% | |
| Max daily drop | 46.80% | 19.81% | |
| Max wkly drop | 51.50% | 23.97% |
Business comparison
| Category | CRDO | MRVL |
|---|---|---|
| Company | Credo Technology Group Holding Ltd | Marvell Technology, Inc. |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| 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. |
CRDO strengths
- →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
MRVL strengths
- →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
Risks to watch — CRDO
- →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
Risks to watch — MRVL
- →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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