MRVL vs NVDA: AI Stock Comparison

Marvell Technology, Inc. vs NVIDIA Corporation: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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$NVDA scores higher on AI exposure (5/5 vs 4/5) under our published rubric. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: $NVDA has the earlier next catalyst (Nov 15, 2026).
$MRVL
Marvell Technology, Inc.
Custom silicon and optical DSPs for data-center AI.
$NVDA 🏆
NVIDIA Corporation
The GPU and networking platform most AI models are trained and served on.
AI exposure score⚡⚡⚡⚡⚡ 4/5⚡⚡⚡⚡⚡ 5/5
Shares outstanding876.9M
as of 2026-08-21 · 10-Q cover page · SEC filing
24.10B
as of 2026-08-21 · 10-Q cover page · SEC filing
CategoryAI chipsAI chips
Key metrics
Revenue (latest quarter) $2.74B
10-Q period ended 2026-08-01; +37% y/y · SEC filing
Gross margin 53.1%
Gross profit / revenue, same quarter · SEC filing
Operating income $459.7M
Same quarter; 17% operating margin · SEC filing
Revenue (latest quarter) $96.22B
10-Q period ended 2026-07-26; +106% y/y · SEC filing
Gross margin 75.0%
Gross profit / revenue, same quarter · SEC filing
Operating income $63.73B
Same quarter; 66% operating margin · SEC filing
Next earnings
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Nov 17, 2026 confirmed
NVIDIA Corporation quarterly earnings · source
Next catalyst
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Upcoming catalysts
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Nov 17, 2026 confirmed
NVIDIA Corporation quarterly earnings · source
Dec 8, 2026 – Dec 13, 2026
NeurIPS 2026 (Atlanta; also Sydney & Paris) · source
Most recent reported
Nov 2, 2026
Marvell to acquire Lumentum in all-stock deal (~$115B EV) · source
Combines electrical and optical AI connectivity; expected to close 1H 2028 pending approvals.
Nov 4, 2026
CUDA 13.5 ships with Vera Rubin general-availability support · source
Software readiness milestone for NVIDIA's next GPU architecture ahead of volume deployments.
Key risks
  • “Our sales are concentrated in a few large customers. If we lose or experience a significant reduction in sales to any of these key customers, if any of these key customers experience a…” — 10-K risk factor (filed 2026-03-11) · source
  • “Unfavorable or uncertain conditions in the Data Center and Communications markets may cause fluctuations in our rate of revenue growth or financial results.” — 10-K risk factor (filed 2026-03-11) · source
  • “Long manufacturing lead times and uncertain supply and capacity availability, combined with a failure to estimate customer demand accurately, has led and could lead to mismatches between…” — 10-K risk factor (filed 2026-02-25) · source
  • “We receive a significant amount of our revenue from a limited number of partners and distributors and we have a concentration of sales to customers who purchase directly or indirectly from…” — 10-K risk factor (filed 2026-02-25) · source
AI angle

Marvell's data-center segment (custom AI accelerators, electro-optics, switching) is its growth engine. The planned Lumentum acquisition, announced Nov 2, 2026, would add lasers and transceivers.

NVIDIA's data-center GPUs, NVLink/InfiniBand networking and CUDA software are the default stack for training and inference. Hyperscaler and neocloud capex plans are the main swing factor for its results.

Full analysis: $MRVL →Full analysis: $NVDA →

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