10 AI Stocks Investors Are Watching Today

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

Number of Hedge Fund Holders: 105

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors. On April 8, Analyst Joseph Moore of Morgan Stanley maintained a “Hold” rating on the stock and retained the price target of $90.00. The firm considers the sale of Marvell’s Automotive Ethernet business to Infineon for $2.5 billion as a positive move. Regardless, this segment isn’t a major part of Marvell, which is concentrated more on AI opportunities in networking and ASICs. The firm said that the divestiture, although beneficial, doesn’t significantly alter the company’s profits. The firm has therefore assigned a hold rating, signaling caution as investors remain focused on Marvell’s data center business. This segment is expected to be key for future growth.