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That would represent roughly 55% to 60% annual growth for the next half-decade.Marvell stock soared as soon as CEO Matt Murphy announced the target. Shares were up 7.2% to $290.82 in early trading Tuesday.The company has emerged as a darling of the artificial-intelligence trade over the last year, which has driven high expectations among investors. Shares have climbed nearly 250% in 2026 and now trade at about 50 times projected earnings over the next 12 months.Marvell's custom chip hardware business has been an essential part of that story. The company counts AI hyperscalers like Alphabet and Amazon.com among its custom chip customers. Of the $70 billion to $90 billion in projected 2031 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