Advanced Micro Devices vs Marvell Technology: The Better AI Chip Maker

• AMD’s Data Center surged 57% to $5.78B backed by a Meta deal for 6 gigawatts of Instinct GPUs, while Marvell’s AI bookings pushed Data Center to 76% of its $2.4B quarter.

• AMD bets on merchant GPU dominance as the NVIDIA alternative, while Marvell embeds itself inside hyperscaler racks as a custom silicon and interconnect partner.

• Both stocks trade at rich multiples, with AMD at 74x and Marvell at 66x forward earnings, and consistent Marvell insider selling flags caution despite strong bookings momentum.

• Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn’t make the cut. Grab the names FREE today.

Advanced Micro Devices (NASDAQ: AMD) and Marvell Technology (NASDAQ: MRVL) both just reported quarters that put AI infrastructure at the center of their stories.

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AMD posted $10.25 billion in Q1 revenue powered by Instinct GPUs and EPYC servers. Marvell pulled $2.418 billion with custom AI silicon and high-speed optics. Same end market. Very different bets.

Instinct GPUs Carry AMD. Optics and Custom Silicon Carry Marvell.

AMD’s Data Center segment hit $5.78 billion, up 57% YoY, and is now the dominant earnings engine. Lisa Su told investors “customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations.”

The Meta deal for up to 6 gigawatts of AMD Instinct GPUs gives that claim teeth. Client Ryzen revenue grew 26% YoY, while Gaming and Embedded stayed modest. The portfolio is broad, and it is finally working in sync.

AMD Earnings Explorer — 24/7 Wall St.

Marvell came in narrower and faster. Data Center made up 76% of total revenue, growing 27% YoY. Matt Murphy said “we are seeing exceptional AI-related bookings” across 800G and 1.6T optics, 51.2T Ethernet switches, and custom XPU silicon. He raised both the fiscal 2027 and fiscal 2028 outlook. That is rare confidence.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn’t make the cut. Grab the names FREE today.

MRVL Earnings Explorer — 24/7 Wall St. Merchant GPU Heavyweight vs. Hyperscaler Co-Pilot

AMD wants to be the alternative to NVIDIA in merchant AI accelerators. Marvell wants to be the silicon partner inside hyperscaler racks that build their own chips. Those are different theories of where AI margin pools settle.

Marvell also bought Celestial AI (photonic fabric, closed February 2, 2026) and XConn Technologies (chiplet connectivity) to deepen the interconnect moat.