12 Best Stocks Under $100 to Buy According to Hedge Funds

6. Marvell Technology Inc. (NASDAQ:MRVL)

Share Price as of April 22: $49.38

Number of Hedge Fund Holders: 105

Marvell Technology Inc. (NASDAQ:MRVL) provides data infrastructure semiconductor solutions that span the data center core to the network edge. It develops and scales system-on-a-chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of Ethernet solutions and custom application-specific integrated circuits.

Marvell’s data center segment improved by 88% year-over-year to exceed its $1.5 billion AI revenue target in FY2025. In FQ4 alone, this revenue surged by 78%, with the company exceeding its $1.5 billion. Marvell Technology Inc. (NASDAQ:MRVL) now aims to make over $2.5 billion in FY2026. The company is investing in technologies like 1.6T PAM DSPs and 2-nanometer silicon IP, which are needed by next-gen data center interconnects for AI and cloud computing.

Marvell is also collaborating with AWS to provide AWS with ASICs for next-gen XPUs that are crucial for cloud computing, which will further support the company’s growth. However, on April 17, Stifel lowered the stock’s price target to $80 from $115 while keeping a Buy rating. Stifel anticipates the Analog, Connectivity, and Processors group to have generally in-line March quarter results due to tariff impacts. It stated that June quarter outlooks appear even softer.