5 Best Performing Quantum Computing Stocks So Far in 2026

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

Year-to-date return as of May 19: 97.19%

On May 21, Citi lifted its price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $215 from $118. The firm also retained a “Buy” rating on the shares ahead of the May 27 earnings report, noting solid earnings expectations and sustained demand for Trainium 2 ASICs.

Citi said demand remains high, leading to sustained strength in custom AI silicon, as the firm upgraded its projections.

Separately, on April 22, Marvell Technology, Inc. (NASDAQ:MRVL)  announced the acquisition of Polariton Technologies. The company added plasmonics-based silicon photonics to its portfolio, targeting higher bandwidth and power efficiency in next-generation optical interconnects. The deal plans to support scaling toward 3.2T and beyond as AI workloads drive data center demand.

President Data Center Group Marvell Technology, Inc. (NASDAQ:MRVL) Sandeep Bharathi said the acquisition “extends our optical roadmap.” He added that it strengthens the corporation’s position in high-speed connectivity for evolving cloud and AI infrastructure.

Marvell Technology, Inc. (NASDAQ:MRVL) works in the design, manufacturing, and sale of integrated circuits. It works in the United States, Singapore, Israel, India, China, and Others segments.