10 Most Popular AI Stocks to Avoid Now

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

Year to Date Loss as of May 13: -42.13%

S&P 500 Year to Date Performance as of May 13: 4.92%

Marvell Technology, Inc. (NASDAQ:MRVL) is a technology company that provides data infrastructure semiconductor solutions, spanning the data center core to the network edge. It develops and sells system-on-a-chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It also creates and supplies semiconductor solutions for the data infrastructure that powers AI applications.

Marvell Technology, Inc. (NASDAQ:MRVL) has been under pressure, having slid 42% year-to-date while the S&P 500 has gained 4.92% over the same period. The slide comes on Marvell Technology, postponing a planned investor day, citing a dynamic environment. The company posted a 27% year-over-year revenue increase in Q4 FY2025 to $1.82 billion. Earnings came in at 60 cents a share, beating consensus estimates by 1.7%.

However, Marvell Technology, Inc. (NASDAQ:MRVL) projects Q1 2026 sales of $1.875 billion plus or minus 5%, barely meeting estimates, thus raising serious concerns over AI demand and lofty valuation. It is unclear if the company will continue benefiting from hyperscalers’ increasing reliance on custom silicon for AI workloads. Since Chinese AI Company DeepSeek introduced a chatbot this year that it claims costs a fraction of what ChatGPT does, spending on AI has come under scrutiny.