10 Must-Watch AI Stocks on Investors’ Radar

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

Number of Hedge Fund Holders: 70

Marvell Technology, Inc. (NASDAQ:MRVL) is engaged in the development and production of semiconductors, focusing heavily on data centers. One of the biggest analyst calls for Monday, January 13th, was for Marvell Technology, Inc. Jefferies reiterated a Buy rating on the stock with a price target of $120.

“We continue to like NVDA on the precipice of the Blackwell ramp but see more upside in AVGO and MRVL as they ride the wave of rising demand for custom silicon”.

-Analyst Blayne Curtis.

The firm is bullish on Marvell considering the growing demand for custom AI chips. Marvell helps large tech companies design their own semiconductors. The firm also stated that Marvell is a stock with the potential for a more significant upside than Nvidia due to the rollout of Amazon’s Trainium2 chips. This is because the company is likely to play a crucial role in supporting the deployment of these chips.