# China accounted for 36% of Marvell’s revenue in fiscal 2025, down from 43% in fiscal 2024 and 2023.

*genai · news · 2026-05-13 · Benzinga*

## Key points

- China accounted for 36% of Marvell’s fiscal 2025 revenue, down from 43% in previous years.
- BofA raised Marvell’s price target to $200, citing expanded AI networking market forecasts.
- BofA forecasts the AI networking market to grow from $6 billion to $14 billion by 2030.
- Marvell is estimated to hold 60%-70% market share in next-gen 800G and 1.6T networking products.
- NVIDIA CEO Jensen Huang joined Trump’s China delegation as part of renewed U.S.-China tech talks.

**Companies:** NVIDIA Corp, Marvell Technology
**Countries:** China, United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/05/52532241/what-is-going-on-with-marvell-stock-on-wednesday)

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