《Five Reasons the Bubble Will Burst in 2027 | WAYT?》
尽管定制 ASIC 业务强劲，但下一升级周期的激烈竞争导致 MRVL 面临估值倍数压缩。
Marvell正处于回撤中。这两家公司都刚刚公布了一些我们任何人都会见过的最好的消息、合同和收益，但这些已经在六个月前被定价了。
You have Marll in a draw down. Both of those companies have just been reporting some of the greatest news and contracts and earnings any of us will ever see, but that was already priced in six months prior.
Marvell表现非常强劲。博通表现非常强劲。让我们看看Marvell。Marvell正在为客户构建定制ASIC。亚马逊是他们最大的客户。所以亚马逊正在构建Trainium芯片，这些是专用集成电路。