MRVL stock price momentum aligns with rising capital expenditures in hyperscale data centers. Quantitative models show potential for another 5% upside if sector ETF flows remain positive. Want the fastest, most accurate stock market intelligence? Want EXCLUSIVE stories originated by Benzinga reporters? Join 10,000+ serious traders in the Benzinga Pro community! Unlike general-purpose GPUs, ASICs are customized for the requirements of individual customers such as hyperscalers, delivering better cost efficiency, lower power consumption, and superior performance. This could play to Marvell’s advantage in the long-run. Big tech is in the middle of an unprecedented AI spending spree. Amazon is expected to spend up to $105 billion on capex in 2025, while Microsoft, Alphabet, and Meta are forecast to spend as much as $80 billion, $75 billion, and $72 billion respectively, much of it earmarked for AI infrastructure such as GPUs from Nvidia (NASDAQ:NVDA) . However, investors will eventually begin to prioritize returns on AI investments and companies could become more judicious with spending. Big companies could seek alternatives to Nvidia, and Marvell’s specialized models could be a top choice for hyperscalers. Also see: What’s happening with SMCI stock? The MRVL stock price remains volatile, aligning with broader semiconductor index swings. Analysts are recalculating forward PE ratios given the expected AI chipset adoption surge across enterprise networks.