Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

<ul>
<li>Mediatek Enjoying a Massive Rebound for its Mobile Phone Segment; Most Optimistic About High-End Smartphone Demand</li>
<li>New AI Data Center Growth Driver on the Horizon; Recent Investment in U.S. AI Server Chip Startup</li>
<li>Recent Share Price Dip is an Accumulation Opportunity; We Rate Mediatek as a Structural Long</li>
</ul>


Mediatek Enjoying a Massive Rebound for its Mobile Phone Segment; Most Optimistic About High-End Smartphone Demand
New AI Data Center Growth Driver on the Horizon; Recent Investment in U.S. AI Server Chip Startup
Recent Share Price Dip is an Accumulation Opportunity; We Rate Mediatek as a Structural Long


Mediatek Seeing Massive Rebound in Mobile; Major AI Data Center Driver on the Horizon

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Marvell Technology, Inc. reported first-quarter fiscal 2027 results showing record revenue of $2.418 billion, representing 28% year-over-year and 9% sequential growth, primarily driven by strength in its data center segment, which accounted for 76% of total revenue.</li><li>The company’s non-GAAP earnings per share of $0.80 slightly exceeded guidance.</li><li>Marvell projects continued acceleration in growth throughout fiscal 2027, with second-quarter revenue expected at approximately $2.7 billion, marking a 12% sequential and 35% year-over-year increase, and anticipates surpassing $3 billion in quarterly revenue by the third quarter—one quarter ahead of prior guidance.</li></ul>

Marvell Technology, Inc. reported first-quarter fiscal 2027 results showing record revenue of $2.418 billion, representing 28% year-over-year and 9% sequential growth, primarily driven by strength in its data center segment, which accounted for 76% of total revenue.The company’s non-GAAP earnings per share of $0.80 slightly exceeded guidance.Marvell projects continued acceleration in growth throughout fiscal 2027, with second-quarter revenue expected at approximately $2.7 billion, marking a 12% sequential and 35% year-over-year increase, and anticipates surpassing $3 billion in quarterly revenue by the third quarter—one quarter ahead of prior guidance.

Marvell Technology Is Not Just A Chip Story Anymore — Here’s Why Interconnect Matters!

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>Marvell is successfully transitioning into a data infrastructure-focused semiconductor powerhouse, capitalizing on the explosive growth in AI and cloud computing.</li>
  <li>Strategic partnerships with major hyperscalers and technology leaders like NVIDIA and AMD are solidifying its position in high-growth markets for custom silicon, networking, and optical interconnects.</li>
  <li>While the company is poised for significant growth, it faces intense competition, risks related to the execution of technological shifts (e.g., copper to optical), and a valuation that is rich relative to peers.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Marvell is successfully transitioning into a data infrastructure-focused semiconductor powerhouse, capitalizing on the explosive growth in AI and cloud computing.
  Strategic partnerships with major hyperscalers and technology leaders like NVIDIA and AMD are solidifying its position in high-growth markets for custom silicon, networking, and optical interconnects.
  While the company is poised for significant growth, it faces intense competition, risks related to the execution of technological shifts (e.g., copper to optical), and a valuation that is rich relative to peers.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Marvell Technology  (MRVL US) - Jun 2026

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

<ul>
<li>Marvell Vision: build a best-in-class, world-class, pure-play company focused on semiconductor solutions for data infrastructure that is required to move, store, process, and secure the world's data.</li>
<li>The next major wave of innovation and scale will come from the underlying connectivity of systems. As those connections move from copper to optical, they will unlock new architectural possibilities.</li>
<li>Over the last decade Marvell invested roughly $22.5 billion through acquisitions. They spent $18 billion organically inside the company to develop the platform. They divested ~$4.5 billion worth of assets. </li>
</ul>


Marvell Vision: build a best-in-class, world-class, pure-play company focused on semiconductor solutions for data infrastructure that is required to move, store, process, and secure the world's data.
The next major wave of innovation and scale will come from the underlying connectivity of systems. As those connections move from copper to optical, they will unlock new architectural possibilities.
Over the last decade Marvell invested roughly $22.5 billion through acquisitions. They spent $18 billion organically inside the company to develop the platform. They divested ~$4.5 billion worth of assets. 


Marvell Computex 2026 Keynote. Key Takeaways & Full Transcript

Index Rebalance and Special Situations Coverage, Quiddity Advisors

Anjana Amarasuriya

Index Rebalance and Special Situations Coverage

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The SP Select Sector indices are a family of 11 sector-specific indices derived from the SP 500 index based on GICS (Global Industry Classification Standard) classifications.</li>
<li>The Technology Select Sector Index is back on top with US$5.1 bn one-way flow while the  Communication Services Select Sector Index still has significant flows.</li>
<li>The pending intra-review deal could trigger additional intra-review flows of ~US$1bn across the Select Sector indices if the deal closes before the June 2026 regular rebalance.</li>
</ul>


The SP Select Sector indices are a family of 11 sector-specific indices derived from the SP 500 index based on GICS (Global Industry Classification Standard) classifications.
The Technology Select Sector Index is back on top with US$5.1 bn one-way flow while the  Communication Services Select Sector Index still has significant flows.
The pending intra-review deal could trigger additional intra-review flows of ~US$1bn across the Select Sector indices if the deal closes before the June 2026 regular rebalance.


Quiddity Leaderboard SP Select Sector Jun26 Rebal: One-Way Flow Climbs ~US$4bn In A Month

United States

Marvell Technology, Inc. develops and produces semiconductors and related technology. The Company offers security and networking platform, secure data processing, networking, and storage solutions. Marvell Technology serves customers worldwide.

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Marvell Technology (MRVL US)

Mediatek Seeing Massive Rebound in Mobile; Major AI Data Center Driver on the Horizon

Mediatek is enjoying strong growth in its mobile phone segment; with notable strength in high-end smartphones. The company could re-rate as its...

Vincent Fernando, CFA

Marvell Technology Is Not Just A Chip Story Anymore — Here’s Why Interconnect Matters!

Marvell Technology, Inc. reported first-quarter fiscal 2027 results showing record revenue of $2.418 billion, representing 28% year-over-year and...

Baptista Research

Primer: Marvell Technology (MRVL US) - Jun 2026

Marvell is successfully transitioning into a data infrastructure-focused semiconductor powerhouse, capitalizing on the explosive growth in AI...

αSK Primers

Marvell Computex 2026 Keynote. Key Takeaways & Full Transcript

Over the last decade Marvell invested ~$22.5 billion through acquisitions. They spent $18 billion organically inside the company to develop the...

William Keating

Quiddity Leaderboard SP Select Sector Jun26 Rebal: One-Way Flow Climbs ~US$4bn In A Month

Over US$37bn of one-way flow expected across SP 500, Select Sectors, and Equal Weight at the June 2026 rebalance. The pending M&A deal could add...

Anjana Amarasuriya

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Mediatek Seeing Massive Rebound in Mobile; Major AI Data Center Driver on the Horizon

​Mediatek is enjoying strong growth in its mobile phone segment; with notable strength in high-end smartphones. The company could re-rate as its...

Vincent Fernando, CFA

Marvell Technology Is Not Just A Chip Story Anymore — Here’s Why Interconnect Matters!

Marvell Technology, Inc. reported first-quarter fiscal 2027 results showing record revenue of $2.418 billion, representing 28% year-over-year and...

Baptista Research

Primer: Marvell Technology (MRVL US) - Jun 2026

Marvell is successfully transitioning into a data infrastructure-focused semiconductor powerhouse, capitalizing on the explosive growth in AI...

αSK Primers

Marvell Computex 2026 Keynote. Key Takeaways & Full Transcript

Over the last decade Marvell invested ~$22.5 billion through acquisitions. They spent $18 billion organically inside the company to develop the...

William Keating

Quiddity Leaderboard SP Select Sector Jun26 Rebal: One-Way Flow Climbs ~US$4bn In A Month

Over US$37bn of one-way flow expected across SP 500, Select Sectors, and Equal Weight at the June 2026 rebalance. The pending M&A deal could add...

Anjana Amarasuriya

Mediatek is enjoying strong growth in its mobile phone segment; with notable strength in high-end smartphones. The company could re-rate as its...