1. Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holdings in Q1 2026: 79
Marvell Technology, Inc. (NASDAQ:MRVL) is a chip designer that makes and sells signal processors, interconnects, and other items. The shares are up by 338% over the past year and by 247% year-to-date. Keybanc discussed the firm on June 18th as it raised the share price target to $385 from $260 and kept an Overweight rating on the stock. The financial firm’s coverage came after it held investor meetings with Marvell Technology, Inc. (NASDAQ:MRVL)’s management. The meetings left the financial firm optimistic about the firm’s data center networking market. Cramer discussed the recent movement in the shares:
“The one to watch is Marvell. This is the one that was anointed by Jensen Huang, CEO of NVIDIA as the next trillion dollar stock. I think that’s a little fanciful, because it just doesn’t really have that kind of earnings power. Yet. Yet. It might, but the stock was down very badly, and it’s reversed. And I think that what you’re seeing is the desire to buy all sorts of hardware, not just SpaceX. . .”
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.
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