10 AI News Updates Investors Should Not Miss

5. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 70

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers. On January 30, Bank of America Securities analyst Vivek Arya reiterated a “Buy” rating on the stock and set a price target of $150.00. Marvell, together with Broadcom and Nvidia, is positioned at the heart of what Arya refers to as AI’s “Sputnik moment”. The Sputnik moment aims to draw an analogy to the Cold War era when the U.S. ramped up its efforts after the Soviet Union’s surprise launch of Sputnik into space.

In light of the rise of DeepSeek in AI, the advancement is seen as a catalyst for an even bigger wave of investment and the firm’s analysts believe that hyperscalers and semiconductor companies will reap the rewards. Arya noted that DeepSeek’s advancements don’t represent a drastic change in course for the industry, but they do accelerate AI capex investments, especially in “AI compute TAM toward $500bn+” over the next several years. This positions companies such as Marvell on strong ground, with the firm noting that the “rising tide should benefit all” as the AI compute market expands significantly.