1. Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holders as of Q4: 105
Fisher Asset Management’s Equity Stake: Million
Upside Potential as of April 30: 77.62%
Marvell Technology, Inc. (NASDAQ:MRVL), headquartered in Santa Clara, California, is a prominent semiconductor company specializing in AI-accelerated compute, connectivity, and storage solutions. Since its founding in 1995 by Dr. Sehat Sutardja, Weili Dai, and Pantas Sutardja, the company has evolved from its initial focus on CMOS-based read channel technology for disk drives into a global leader in advanced data infrastructure. Its first major breakthrough came when Seagate Technology became an early customer, paving the way for rapid growth. Today, Marvell serves a diverse range of industries, including data centers, automotive, enterprise, and carrier networks. By embedding artificial intelligence into its solutions, Marvell is reshaping cloud and network architectures to optimize speed, performance, and accessibility. The company now employs over 6,500 people, holds more than 10,000 patents, and reported $5.5 billion in revenue for fiscal 2024, underscoring its position at the forefront of semiconductor innovation.
Marvell Technology, Inc. (NASDAQ:MRVL) announced its financial results for the fourth quarter and full fiscal year ended February 1, 2025, demonstrating significant growth momentum. The company reported net revenue of $1.817 billion for Q4 FY2025, exceeding guidance by $17 million. This marked a 20% sequential and 27% year-over-year increase, driven largely by exceptional growth in the data center segment, where revenue rose 78% compared to the same period last year. Net income for the quarter was $200.2 million, or $0.23 per diluted share. The company also generated $514 million in operating cash flow for the quarter, reflecting healthy financial management.
For the full fiscal year 2025, Marvell Technology, Inc. (NASDAQ:MRVL) posted net revenue of $5.767 billion. The company delivered a record $1.68 billion in operating cash flow for the year and returned $933 million to shareholders through dividends and share repurchases. CEO Matt Murphy emphasized that Marvell ended the fiscal year on a strong note, highlighting the success of its custom AI silicon programs, which have now entered volume production, and the continued momentum in its interconnect product lines. Murphy also pointed to multiple new design wins, including several custom silicon projects, that position the company for sustained long-term growth.
Overall, MRVL ranks first among Billionaire Ken Fisher’s 10 technology stock picks with huge upside potential. While we acknowledge the potential of these stock picks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MRVL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
