AWS Partner Marvell Posts 38% Data Center Growth as Azure AI Growth Slows
Marvell's Q3 data center revenue rose 38% year-over-year to $1.52 billion, representing 73% of its $2.07 billion quarter and signaling stable chip supply for Amazon Web Services. Microsoft’s Azure AI growth decelerated to 37-38%, contributing to a 24% stock decline from last October’s $540 high and highlighting intensified cloud competition for AWS.
1. Marvell’s Data Center Revenue Growth and AWS Impact
Marvell reported Q3 revenue of $2.07 billion, led by data center sales of $1.52 billion, up 38% year-over-year and comprising 73% of total revenue. CEO Matt Murphy raised the data center growth forecast for the coming year, underscoring that Amazon Web Services remains a key and expanding customer.
2. Microsoft Azure AI Growth Moderation and AWS Opportunity
Microsoft’s Azure AI business slowed to 37-38% growth from 40% last year, coinciding with record capital expenditures and reliance on its OpenAI partnership. The 24% decline in Microsoft share price since October’s peak underscores mounting cloud competition and potential market share gains for AWS.