MaxLinear (MXL) Deep Research: DSP Dark Horse — Can It Hold Ground in the 1.6T Era?
MaxLinear pivots from broadband to AI optical interconnect. Keystone PAM4 DSP secured hyperscale design wins, lifting Infrastructure revenue 136% YoY in Q1 2026. The 1.6T era test: Can Rushmore outpace Marvell and Broadcom? Valuation ~8x NTM EV/Revenue; execution risk is high.