Marvell’s $345 Target, Nvidia’s $1T Bet, and Adobe’s Exodus: Why Semis Are Crushing Software

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(SeaPRwire) –   By: Oliver Hawthorne

The semiconductor sector is leaving software in the dust, and Marvell’s recent moves lay this divide bare. Marvell’s stock has jumped 312% in a year, while Adobe’s has nosedived 51%. The latest CFO switch from Adobe to Marvell only widens this gap—raising questions about software’s future in an AI-driven world.

B. Riley analyst Craig Ellis just hiked Marvell’s price target by nearly 44% to $345 (from $240), keeping a Buy rating. Marvell hired Adobe’s CFO Dan Durn—who has 30+ years in finance at firms like Applied Materials and NXP—to take over as its new CFO. Nvidia CEO Jensen Huang called Marvell the “next $1 trillion company” at Computex, where they talked about partnering on custom AI chips and NVLink Fusion. Marvell will join the S&P500 on June22, which should expand its shareholder base. Adobe’s stock fell 8% on Durn’s departure, adding to its 51% annual decline.

The gap between semiconductors (SOXX up 99.7% YTD) and software (IGV down14.3%) isn’t temporary. Marvell’s S&P500 entry will bring more index fund investment. Huang’s endorsement isn’t just flattery—it’s a sign Nvidia needs Marvell’s optics and AI chip know-how. For Adobe, losing a top exec amid a slump hints at deeper problems. The end-game? Hardware firms powering AI will keep outperforming software companies—unless software adapts fast to the new compute era.

Author bio: Oliver Hawthorne, Principal Correspondent at an international tech review, covers semiconductor trends and cross-industry partnerships.