Marvell Technology (MRVL) is set to host its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) event Accelerated Infrastructure for the AI Era on Thursday, with analysts expecting the company to offer insights on its custom AI chip customers and its AI optics leadership. The event could also serve as an opportunity for Marvell to highlight what sets it apart from competitors and its position to gain amid the AI boom.

Custom AI Chip Market Growth

Marvell could use the event to reinforce its strengths in custom chips compared to lower-priced Taiwan rivals, according to Bank of America analysts.

Th🧸e analysts projected the general accelerator market could double year-over-year to $90 billion by the end of 2024 and then double again by the end of the 2027 calendar year.

While Broadcom (AVGO) currently dominates the custom chip market, accounting for around 75% of the custom chip market in 2024, Bank of America said it expects Marvell "to become more relevant and eventually claim over 10% share in the custom AI chip market" by 2027.

Possibl♕🅠e Update on Custom AI Chip Customers Including Hyperscalers

Updates on Marvell's growing custom AI chip pipeline and enterprise customers integrating the tech could also come at the event, J.P. Morgan analysts suggested.

The analysts said they believe Amazon (AMZN) and Google (GOOGL) are among the hyperscalers 🎉already using Marvell's silicon technology.

If the company provides details about customers using Marvell infrastructure, it could boost investors' enthusiasm for the stock.

Leading Position in AI Optics Could Expand

The event could help underscore Marvell's leadership in the AI optics market as well.

Marvell "dominates (60%+ share) in the most critical optical digital signal processor (DSP), amplifier (TIA) and laser driver that account for ~50% of the bill of materials," Bank of America analysts said, noting Marvell could be "well-positioned" within the optics industry even as it "partially moves towards silicon photonic integration."

Analysts added that they "forecast MRVL’s overall AI optics business to grow at a 30%+ CAGR over next few years, from a base of about $0.9-$1bn in CY24E."

Marvell shares were down close to 3% at $71.18 in intraday trading at noon ET Wednesday. The stock has gained about 22% since the start of the year and more than 76% over the past 12 mont🌼hs.