5 Best AI Enabler Stocks to Buy Now

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

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the best AI enabler stocks to buy now.

The stronger AI infrastructure angle came on April 22, when Marvell Technology, Inc. (NASDAQ:MRVL) acquired Polariton Technologies, a developer of high-speed, low-power plasmonics-based silicon photonics devices. Marvell said the deal adds advanced modulation technology for next-generation coherent and optical interconnect platforms, as AI workloads drive rising bandwidth demand and data centers move from 1.6T connectivity toward 3.2T and beyond. The acquisition strengthens Marvell’s portfolio across electro-optics, photonics, switching, and custom silicon.

That deal is more meaningful when viewed alongside Marvell’s broader push into custom AI infrastructure. On March 31, NVIDIA and Marvell announced a strategic partnership to connect Marvell to the NVIDIA AI factory and AI-RAN ecosystem through NVLink Fusion. NVIDIA also invested $2 billion in Marvell. Under the partnership, Marvell will provide custom XPUs and NVLink Fusion-compatible scale-up networking, while the two companies will also collaborate on silicon photonics technology.

That makes Marvell a relevant AI enabler because its opportunity sits where custom AI chips, optical interconnects, and high-speed networking begin to merge.

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.

While we acknowledge the potential of MRVL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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