The AI infrastructure trade may be getting bigger again. That was one of the clearest messages coming out of Marvell Technology, Inc‘s (NASDAQ:MRVL) quarterly earnings call, where management argued that the rise of "agentic AI" could create another major wave of infrastructure spending across networking, interconnects and memory systems.

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"We expect the emergence of Agentic AI to further supercharge demand," CEO Matt Murphy said.

The company believes the next phase of AI won't simply involve larger models, but AI systems increasingly interacting with other AI systems across sprawling clusters and workflows.

And according to Marvell, that dramatically changes infrastructure requirements.

Marvell Says AI Networking Demand Is Exploding

Murphy repeatedly emphasized that networking is becoming increasingly critical as AI workloads evolve beyond traditional one-shot inference ...