15 AI Stocks Surging on News and Analyst Ratings

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

Number of Hedge Fund Holders: 70

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers. One of the most notable analyst calls on Monday, May 19, was for Marvell Technology. UBS lowered the firm’s price target on the stock to $100 from $110 and kept a “Buy” rating on the shares. The analyst told investors in a research note how they expect Marvell to report Q1 results in line with estimates, Q2 revenue guided in the range of $2B, and AI revenue up an estimated 10% quarter over quarter. The firm further added how its management has set a low bar given Trainium2’s ramp, its continued momentum in the optical business, as well as its Blackwell rollout.

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