Marvell Technology has reported a strong financial performance in its second quarter, with revenue surpassing estimates due to a significant increase in data center revenue. The company's stock has risen by 11% in after-hours trading, driven by strong demand for AI chips and an improved growth forecast. Artisan Partners highlighted Marvell's strategic positioning to benefit from AI data center growth and a shift toward custom silicon solutions. Citi has reiterated its buy rating on Marvell, citing robust AI investments, a target price of $91, and earnings 18% above consensus. The company's positive earnings report is also seen as beneficial for rival Broadcom. The recovery of Marvell's non-AI business also contributed to its financial success.