Marvell Technology raised its combined two-year revenue outlook to $30 billion from $23.5 billion, with expectations for about $12 billion this year and $18 billion next year. More than $15 billion of next year’s projected revenue is expected to come from data centers, compared with roughly $2 billion in data-center revenue in 2023. Chairman and CEO Matt Murphy also highlighted partnerships with NVIDIA, Google and all four major U.S. hyperscalers on custom silicon. Shares rose 0.46% to $226.45 in Wednesday’s premarket session, while technical indicators remained broadly constructive but the stock’s valuation stayed elevated at about 74.6 times earnings. Marvell plans to present a new four- to five-year roadmap on Oct. 6.