5 Stocks with Potential to Explode

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

Number of Hedge Fund Investors In Q3 2023: 57

Date Investment Newsletter Was Published On: 12/19/2023

Marvell Technology, Inc. (NASDAQ:MRVL) is a semiconductor company that limits itself to designing and selling chips used primarily for networking use cases. The buzz around A.I. seems to have served it well as the shares are rated Strong Buy on average and analysts have set an average share price target of $70.

During last year’s September quarter, 57 out of the 910 hedge funds tracked by Insider Monkey’s research had invested in the company. Marvell Technology, Inc. (NASDAQ:MRVL)’s largest shareholder among these is David Goel and Paul Ferri’s Matrix Capital Management due to its $712 million investment.

Follow Marvell Technology Inc.