Should You Be Worried About Marvell Stock?

Marvell Technology (MRVL) grew its sales 37% from a year earlier in fiscal Q2 2027. Management has raised its sales forecast for fiscal 2027 and fiscal 2028. Investors pay 91 times the past twelve months of earnings for the stock, against about 21 times for the S&P 500. Most of Marvell's sales come from one group of customers. Who are those customers, and could they cut their spending.