10 AI Stocks to Keep on Your Radar

6. 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 March 17, J.P. Morgan analyst Harlan Sur reiterated a “Buy” rating on the stock with an associated price target of $130.00. Sur’s buy rating stems from Marvell’s strong positioning in the AI and cloud markets. The company has achieved significant wins in its AI/cloud ASIC pipeline. It is believed that it has secured a high-volume, next-generation node AI XPU ASIC program with its largest customer, AWS. This partnership is anticipated to drive substantial growth. In addition, Marvell’s leadership in electro-optics, strong market share in DSPs, and its expanding AI ASIC pipeline are also a plus point for the company.