20 Best Data Center Stocks to Buy According to Billionaires

4. Marvell Technology Inc. (NASDAQ:MRVL)

Number of Billionaire Investors: 18

Billionaire Holdings: $2.1 billion

Number of Hedge Fund Holders: 105

Marvell Technology Inc. (NASDAQ:MRVL) is a leading semiconductor provider specializing in data infrastructure solutions across a range of industries, including data centers, enterprise networking, carrier infrastructure, consumer applications, and automotive and industrial markets. The company’s product portfolio includes custom Application-Specific Integrated Circuits (ASICs), electro-optics, Ethernet solutions, Fibre Channel adapters, processors, and storage controllers.

Marvell Technology (NASDAQ:MRVL) has been experiencing robust growth, fuelled by AI, machine learning, and cloud expansion. In Q3 2025, data center revenue surged 98% year-over-year and 25% sequentially, with Q4 revenue expected to grow more than 20% sequentially. CEO Matt Murphy attributed this strong performance to custom AI silicon production and rising cloud demand. The company also projects that the accelerated computing market will expand to $202 billion by 2028, growing at a 24% compound annual growth rate (CAGR) from 2023, reinforcing Marvell’s long-term potential in data infrastructure.

Recognizing Marvell’s strong outlook, DBS analyst Fang Boon Foo reaffirmed a Buy rating on the stock with a $130 price target in his March 13 report. He highlighted the company’s strategic positioning and solid growth prospects, emphasizing Marvell’s leadership in data infrastructure, cloud computing, and 5G. The analyst noted that the company’s expertise in communications and connectivity, along with its revamped product portfolio, which includes advanced 5G and AI-driven chips, aligns well with the growing demand for data-centric solutions. Furthermore, the company’s shift from consumer to enterprise markets, supported by strategic acquisitions and continuous innovation, enhances its competitive edge. With resilient enterprise spending and ongoing operational and capital structure improvements, the analyst sees multiple catalysts for future performance, reinforcing his bullish stance on the stock.