10 AI Stocks to Watch Amid the DeepSeek Buzz

6. 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 28, Morgan Stanley lowered the firm’s price target on the stock to $113 from $120 and kept an “Equal Weight” rating on the shares. The firm remains positive on the semiconductor group but has been trimming its price targets following the stock market reaction to a powerful new large language model (LLM) from China called DeepSeek. Following the stock market reaction, the firm believes there may be a reduced spending interest or there could even be tighter export controls.

“The DeepSeek release highlights evolutionary innovations in AI, some of which may be deflationary. That said, the stock market reaction is probably more important than the cause, and could bring further export controls or reduce spending enthusiasm; trimming PTs but remain positive.”