Goldman Sachs Semiconductor Stocks: Top 5 Stocks

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In this piece, we will take a look at Goldman Sachs’ top five semiconductor stock picks. If you want to learn more about the investment bank and the chip sector, then read Goldman Sachs Semiconductor Stocks: Top 12 Stocks.

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

Goldman Sachs’ Q2 2023 Investment: $1 billion

Marvell Technology, Inc. (NASDAQ:MRVL) provides chips for data center use. It’s one of the few stocks on our list that have been rated as Strong Buy on average by analysts and the average share price target prices in a $19 upside to the share price.

By June 2023 end, 59 out of the 910 hedge funds part of Insider Monkey’s survey had bought Marvell Technology, Inc. (NASDAQ:MRVL)’s shares. David Goel and Paul Ferri’s Matrix Capital Management owns the biggest stake among these which is worth $510 million.

Follow Marvell Technology Inc.

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