10 AI Stocks Jim Cramer and Analysts are Watching

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

Average Upside Potential: 20.08%

Number of Hedge Fund Holders: 73

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 AI stocks that Jim Cramer and analysts are watching. On June 18, BofA increased its price target on Marvell (NASDAQ:MRVL) to $90 from $80 and kept a Buy rating following a company event focused on its custom-compute (ASIC) segment. The firm believes the AI update may provide reassurance to investors and support the stock’s alignment with AI peers. BofA projects “conceptual EPS power” of approximately $8 by calendar year 2028, exceeding last year’s total addressable market estimate of around $6 and nearly 60% higher than the current Street consensus of about $5.

On the same day, B. Riley raised its price target on MRVL to $115 from $110 and maintained a Buy rating following the company’s custom AI investor webcast. The firm described the update as indicating a “strong” next-generation AI growth inflection for Marvell.

On June 9, a caller inquired about the company, and Cramer replied:

“Okay, it’s starting to react correctly. When they reported that great quarter, people didn’t think it was that good. That’s nonsense. Matt Murphy did a terrific job. I like the fact that the stock bounced at 60, and then started heading back, at one point, traded at 71 today. I think you’re in great shape with Marvell Technology. I really like it.”

Marvell (NASDAQ:MRVL) provides semiconductor solutions for data infrastructure, including system-on-a-chip architectures and interconnect products used across data center and network environments. The company’s products support AI workloads through components such as digital signal processors, custom ASICs, and data center interconnect technologies.