Bullish $MRVL. 🚀 Marvell put a number on the long run at its investor day in New York on Tuesday, Oct. 6: $70–90B of revenue in fiscal 2031, up from $8.2B in fiscal 2026. Damnang wrote in August that the scale-up NPO and CPO upside wasn't fully in the Marvell numbers yet. The Oct. 6 deck is where it starts showing up.💪 The biggest line in Marvell's own FY31 breakdown isn't custom silicon. It's interconnect, at about $37.5B at the midpoint, growing 60–70% a year from FY26. Custom comes in around $30B. Marvell also raised its FY28 revenue outlook from $18B to $20B, lifted the FY29 custom target from $10B to $12B+, and put scale-up at more than 85% of AI data center traffic, with copper topping out at one rack of up to 144 XPUs. So by FY31 the connectivity side, the DSPs and optical engines that move data between chips and racks, is set to be Marvell's largest business. Every scale-up domain that crosses the rack runs through that line.