12 AI Stocks on Latest News and Ratings

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

Number of Hedge Fund Holders: 73

On May 28, Redburn Atlantic initiated coverage on Marvell Technology, Inc. (NASDAQ:MRVL) with a “Neutral” rating and a price target of $67.00. Marvell engages in the development and production of semiconductors, focusing heavily on data centers.

Noting how Marvell and Broadcom are similar in terms of their ASICs exposure and networking capabilities, the analyst pointed out some concerns regarding Marvell’s potential involvement in future Amazon Web Services (AWS) Trainium chips.

Some of Marvell’s competitors, such as Alchip or AWS’s own Annapurna Labs, may play a more significant part in AWS’s accelerated ASICs in the future. If the said competitors take up a larger share of the work on AWS’s projects, it will impact Marvell’s business with AWS.

Marvell’s stock price has declined nearly 50% in 2025 due to an approximate 16% reduction in the company’s three-year forward GAAP earnings per share (EPS). Nevertheless, analysts are of the belief that Marvell will return to profitability this year with projected EPS of $2.83 for FY2026.

All in all, the firm’s Neutral rating reflects a wait-and-see approach, with investors closely watching Marvell’s developments, especially with respect to its collaboration with AWS and its positioning against competitors in the ASICs market.

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