$Marvell Technology(MRVL)$ Marvell is currently holding a structural floor around $205 per share. Mathematically, it's locked into NVIDIA's data center expansion as the near-monopoly provider of the physical optical interconnect fabric. By controlling the bespoke electro-optics and custom silicon needed to route multi-modal logic through NVIDIA's high-density power grids without catastrophic latency or thermal issues, Marvell essentially turns the entire $40 trillion physical AI upgrade cycle into its own multi-decade toll booth. Driven by the hard necessity of this optical system for the upcoming Computex hardware rollouts, institutional accumulation is expected to challenge traditional hardware valuation ceilings, leading to a projected year-end 2026 price target range of $265 to $295.