10 AI Stocks Making Waves on Wall Street

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

Number of Hedge Fund Holders: 73

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 AI Stocks Making Waves on Wall Street. On July 30, Morgan Stanley analyst Joseph Moore raised the price target on the stock to $80.00 (from $73.00) while maintaining an “Equal Weight” rating.

“Marvell is firmly in the AI winners camp, and sentiment has swung aggressively negative compared to a few months ago,” Moore wrote. “We are more excited for their opportunity in optical, which brings higher margin and durability vs. their ASIC opportunity, which has disappointed.”

Moore expects Marvell to benefit from strong AI demand in the coming year.

“While stock prices have moved higher, our conviction on AI spend durability in 2026 continues to grow.”

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