14 AI Stocks Catching Wall Street’s Attention

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

Number of Hedge Fund Holders: 105

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors. On April 10, Citi lowered its forecast for U.S. data center builds, cutting its price targets on AI stocks Nvidia and Marvell Technology. The firm reiterated a “Buy” rating on the stock but reduced the price target for Marvell to $96 from $122, citing concerns over Microsoft’s capital spending and broader AI demand. The firm cut its fiscal year 2027 (FY27) revenue and EPS estimates for the company by 5% and 8%, respectively. It also cited a 20% cut to AI ASIC expectations.

“Our AI ASIC cuts reflect our concerns that C2026 trainium volumes may be below our prior expectations as the company may not be the only ASIC provider for the future trainium products.”

The firm also noted that with the stock returning to pre-custom ASIC rally levels and now trading at a price-to-earnings (P/E) ratio of 13x, the bad news “is largely priced in.”