10 Trending AI Stocks on Wall Street

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

Number of Hedge Fund Holders: 76

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 Trending AI Stocks on Wall Street. On August 21, Susquehanna reiterated the stock as “Positive,” stating that it is bullish heading into Marvell Technology earnings on Aug. 28.

“Overall, we expect continued momentum for Inphi as the AI demand environment remains robust. Generally positive checks for the traditional business are perhaps an additional tailwind. Reiterating Positive and $90 PT.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $22 implies a 10.55% upside; however, the Street-high target of $28 implies an upside of 13.84%.

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