12 Best AI and Technology Stocks to Buy Now

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

Number of Hedge Fund Holders: 79

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Best AI and Technology Stocks to Buy Now. On June 29, Cantor Fitzgerald analyst C.J. Muse lifted its price objective on the company’s stock to $300 from $220 and maintained a “Neutral” rating on the shares. Notably, the AI infrastructure buildout is being regarded as the generational semiconductor cycle, which remains durable and extended by the supply chain constraints. Furthermore, there are expectations for faster-than-earlier-expected industry revenue expansion touching ~$3 trillion by CY 2029 and potentially surpassing $3.5 trillion by CY 2030, added Muse.

In a different update, Stifel lifted its price objective on Marvell Technology, Inc. (NASDAQ:MRVL)’s stock to $350 from $321 and maintained a “Buy” rating on the shares. As per the analyst, in the last quarter, the firm noted that analog players are well-placed for a breakout in CY 2026. This thesis has been proved true, with Astera Labs, Credo Technology, and Marvell Technology, Inc. (NASDAQ:MRVL) reporting beat-and-raise quarters in calendar Q1.

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including custom silicon, optical connectivity, data center switching, storage, security, Ethernet, and cloud networking products.