We recently published a list of Top 10 Beaten Down Large Cap Stocks That Can Double According To Wall Street. In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against other top beaten down large cap stocks that can double according to Wall Street.
There was a point in the early days of Donald Trump’s presidency when the stock market looked set for a bull run. Bit by bit, the market digested geopolitical issues, trade wars, and recession fears. It looked like these were temporary concerns only.
We’re now less than two months into the presidential term and every consensus trade seems to be unravelling in front of our eyes. Investors are panicking and the state of the US economy looks fragile, with recession knocking on the door.
Investors operating in capital markets do not have the luxury of getting out of the market. No matter how the market behaves, they will still be here hunting for opportunities. That’s exactly what we do as well. As the market tanks, we decided to look at beaten down stocks that could comfortably outpace the market if bought after the current sell off.
To come up with our list of 10 beaten down large cap stocks that can double according to Wall Street, we considered stocks that have a market cap of at least $10 billion, have been hammered in the past week, and have a Wall Street price target that could see the stock double from current levels.
An assembly line in a semiconductor factory, with workers at their stations.
Marvell Technology, Inc. (NASDAQ:MRVL)
Marvell Technology, Inc. (NASDAQ:MRVL) is a data infrastructure semiconductor solutions provider. It develops integrating analog, complex System-on-a-Chip architectures, mixed-signal, and other products. Marvell Technology, Inc. (NASDAQ:MRVL) has had a great run and has been touted as a competitor to big names like Nvidia and Broadcom. However, the stock has halved in less than two months on tariff fears as well as fears related to AI spending in the US.
The highest Wall Street target of $140 sees the stock comfortably doubling from here on. The bullish thesis isn’t hard to figure out. The company makes custom chips used in AI training. Hyperscalers rely on the company’s technology for chips that power their large language models.
Since the emergence of DeepSeek AI, there have been fears that the US may have spent too much money on AI infrastructure. That sending may not be sustainable going forward. However, AI isn’t going anywhere and the US would never want to lose the AI race to competitors. So Marvell has a critical position in the US AI infrastructure, even if analysts debate the exact amount of sustainable spending.
The company’s third fiscal revenue report showed 43% of its revenue coming from China. This is a huge reliance on a country that often finds itself on the US export controls list. However, growing hyperscaler partnerships through 2026, a healthier balance sheet, and rich cash flows are three good reasons to bet on the company as the market prices in the China reliance factor.
Overall, MRVL ranks 2nd on our list of top beaten down large cap stocks that can double according to Wall Street. While we acknowledge the potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as MRVL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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