10 Trending AI Stocks on Latest Analyst Ratings and News

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

Number of Hedge Fund Holders: 74

Marvell Technology, Inc. (NASDAQ:MRVL) is an American company offering security and networking platforms, secure data processing, networking, and storage solutions. It develops custom AI chips for big tech names such as Google and Amazon. The company is said to offer investors a unique, “non-Nvidia” alternative to capitalize on the AI/Data Center trade. Marvell Technology, Inc. (NASDAQ: MRVL) stood out as one of the top analyst calls for Friday, November 8. Jefferies reiterated the stock as a “Buy”, stating that it sees the most near-term upside potential for Marvell, along with one other chipmaker. Marvell is scheduled to release its earnings on December 3, 2024, and the investment community will be closely monitoring its performance.