10 Best Performing Growth Stocks So Far in 2026

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

Year-Over-Year Revenue Growth: 34.07%

Year-to-Date Performance: 194.74%

Number of Hedge Fund Holders: 79

Marvell Technology, Inc. (NASDAQ:MRVL) ranks among the best-performing growth stocks so far in 2026. On June 5, Reuters reported that Marvell Technology, Inc. (NASDAQ:MRVL) is set to join the S&P 500 later this month.

After the company met a key profitability requirement thanks to an AI-fueled rally, S&P ​Dow Jones Indices said the company will be added to the benchmark index before the start of trading on June 22. Following the report, the stock jumped nearly 6% in extended trading.

This comes after Marvell Technology, Inc. (NASDAQ:MRVL) reported a GAAP profit in the three months ending in December and over the sum of its most recent four quarters. This helped the company clear a key hurdle that had previously prevented it from being included in the index.

Marvell Technology, Inc. (NASDAQ:MRVL) has performed strongly in 2026, with its share price more than tripling. This performance has been supported by a broader rally in chip stocks on expectations for strong AI-related demand. Recently, the stock received a boost after NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang called Marvell Technology, Inc. (NASDAQ:MRVL) the “next trillion dollar company.”

In its latest quarterly earnings report, Marvell Technology, Inc. (NASDAQ:MRVL) projected that its custom chip business would surpass $10 billion in revenue in fiscal 2029.

Marvell Technology, Inc. (NASDAQ:MRVL) is an American company that develops and produces semiconductors and related technology for various applications, including AI, data centers, compute, networking, and storage infrastructure.

While we acknowledge the potential of MRVL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Performing Growth Stocks So Far in 2026.

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