10 Most Oversold Data Center Stocks to Buy According to Analysts

7. Marvell Technology Inc. (NASDAQ:MRVL)

YTD returns: -11%

Potential Upside: 33%

Number of Hedge Fund Holders: 105

Marvell Technology Inc. (NASDAQ:MRVL) is a leading provider of semiconductor solutions for data infrastructure, serving diverse end markets, including data centers, enterprise networking, carrier infrastructure, consumer applications, and the automotive and industrial sectors. Its product lineup features custom Application-Specific Integrated Circuits (ASICs), electro-optics, Ethernet solutions, Fibre Channel adapters, processors, and storage controllers.

Marvell Technology Inc. (NASDAQ:MRVL) has been experiencing strong growth, fueled by rising demand for data infrastructure solutions, the rapid adoption of AI and machine learning, and the continued expansion of cloud computing. In Q3, the company’s data center revenue surged 98% YoY and 25% sequentially, with management projecting more than 20% sequential growth for Q4. Following the company’s robust Q3 2025 earnings, Chairman and CEO Matt Murphy attributed its strong performance to the full-scale production of custom AI silicon programs, as well as sustained demand for its advanced interconnect products from cloud customers. Marvell estimates that the total addressable market for accelerated computing in data centers will reach $202 billion by 2028, expanding at a 24% compound annual growth rate (CAGR) from 2023.

Despite its growth trajectory, Marvell Technology Inc. (NASDAQ:MRVL) shares have declined 11% year-to-date due to broader semiconductor market volatility, underperforming the benchmark SOX Index, which has gained 0.5% over the same period. This decline follows an impressive 83% rally in 2024. Analysts remain optimistic about the stock, with 90% assigning a Buy rating and an average potential upside of 33%. On February 23, Oppenheimer analyst Rick Schafer reaffirmed his Buy rating, maintaining a price target of $125.