10 AI Stocks Making Moves This Week

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

Number of Hedge Fund Holders: 70

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

On May 8, J.P. Morgan analyst Harlan Sur reiterated a “Buy” rating on the stock with a $130.00 price target. Sur has emphasized that Marvell holds a strong position in the ASIC market, especially with major clients like Microsoft and AWS. The company’s custom chip programs, such as the Trainium 3 at AWS and the Maia Gen 2 at Microsoft, are set for major production ramps in 2026.

They also have no loss of market share to competitors. The firm further noted how Marvell has major growth potential in the AI sector as exemplified by recent wins in AI accelerator programs and other advanced chip designs. In particular, its AI and networking segments are anticipated to bring in $4 billion in AI revenues this year.