Top 10 Beaten Down Large Cap Stocks That Can Double According To Wall Street

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

Marvell Technology, Inc. is a data infrastructure semiconductor solutions provider. It develops integrating analog, complex System-on-a-Chip architectures, mixed-signal, and other products. The stock has had a great run and has been touted as a competitor to big names like Nvidia and Broadcom. However, the stock has halved in less than two months on tariff fears as well as fears related to AI spending in the US.

The highest Wall Street target of $140 sees the stock comfortably doubling from here on. The bullish thesis isn’t hard to figure out. The company makes custom chips used in AI training. Hyperscalers rely on the company’s technology for chips that power their large language models.

Since the emergence of DeepSeek AI, there have been fears that the US may have spent too much money on AI infrastructure. That sending may not be sustainable going forward. However, AI isn’t going anywhere and the US would never want to lose the AI race to competitors. So Marvell has a critical position in the US AI infrastructure, even if analysts debate the exact amount of sustainable spending.

The company’s third fiscal revenue report showed 43% of its revenue coming from China. This is a huge reliance on a country that often finds itself on the US export controls list. However, growing hyperscaler partnerships through 2026, a healthier balance sheet, and rich cash flows are three good reasons to bet on the company as the market prices in the China reliance factor.