The analysis discusses Marvell Technology (MRVL) and Broadcom (AVGO), focusing on a divergence in their year-to-date performance. MRVL is down 42% year-to-date, while AVGO is up 44%. The analysis mentions partnerships of Broadcom with OpenAI for custom AI chips, and of Marvell with Amazon Web Services and Microsoft. MRVL's revenue growth is reported at 58% year-on-year and 6% quarter-on-quarter, coming from Data Center, Enterprise Networking, Carrier Infrastructure, and Consumer segments. The Automotive business was sold for $2.5 billion, which the company intends to reinvest in the Data Center business. The guidance for Q3 projects flat sequential revenue. MRVL is highly dependent on Amazon Web Services for 76% of its data center revenue. The analysis discusses the company's profitability trends, noting it is unprofitable. MRVL depends a lot on China which is risky. For non-GAAP, MRVL is profitable, with a 20 times earnings forward PE ratio.