10 AI Stocks Investors Should Keep on Their Radar

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

Number of Hedge Fund Holders: 76

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 AI Stocks Investors Should Keep on Their Radar. On August 29, Rosenblatt analyst Hans Mosesmann lowered the price target on the stock to $95.00 (from $124.00) while maintaining a Buy rating.

According to the analysts, Marvell’s Q2 fiscal report was mixed considering data center ASIC shipment adjustments from October to January resulted in a modest sales miss and earnings beat.

Lower data center shipments and automotive business divesture led the firm to reduce its fiscal 2027 revenue estimates. Nevertheless, the firm maintains its buy rating on the “pipeline of 18 new ASICs coming to market and 50 other opportunities.”

“Marvell delivered a mixed report. Data Center ASIC shipment adjustments from October to January led to a slight top line miss and a bottom line beat. Looking out to FY27, we are lowering revenue estimates based on the automotive business divestiture and lower data center shipments. We maintain our Buy rating based on the pipeline of 18 new ASICs coming to market and 50 other opportunities. We expect these products will lower the company’s customer concentration. Our revised 12-month target price is $95, down from $124.”

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.