10 Best Semiconductor Stocks to Buy According to Billionaires

8. Marvell Technology Inc. (NASDAQ:MRVL)

Number of Billionaire Investors: 18

Billionaire Holdings: $2.1 billion

Number of Hedge Fund Holders: 105

Marvell Technology Inc. (NASDAQ:MRVL) is a leading semiconductor provider specializing in data infrastructure solutions across a range of industries, including data centers, enterprise networking, carrier infrastructure, consumer applications, and automotive and industrial markets. The company’s product portfolio includes custom Application-Specific Integrated Circuits (ASICs), electro-optics, Ethernet solutions, Fibre Channel adapters, processors, and storage controllers.

In a March 17 report, JP Morgan analyst Harlan Sur reaffirmed his Buy rating on Marvell (NASDAQ:MRVL) with a $130 price target, citing the company’s strong positioning in AI and cloud markets. The analyst highlighted that the company has secured major wins in its AI/cloud ASIC pipeline, including a high-volume AI XPU ASIC program with its largest customer, believed to be AWS. This partnership is expected to drive significant growth in its AWS ASIC business through 2025 and 2026. The analyst also believes that Marvell’s leadership in electro-optics, strong DSP market share, and expanding AI ASIC pipeline should further strengthen its growth potential. He sees the stock as well-positioned to outperform with steady AI ASIC and networking revenue growth and a recent stock pullback.