Marvell Technology, Inc. (NASDAQ:MRVL) is an American company that develops and produces semiconductors and related technology. The company’s semiconductor solutions are designed for various applications, including AI, data centers, compute, networking, and storage infrastructure. Marvell Technology, Inc. is one of the best American stocks to buy in the semiconductor industry.
An assembly line in a semiconductor factory, with workers at their stations.
On May 7, Morgan Stanley maintained its “Equal Weight” rating with a price target of $90 on Marvell Technology, Inc.. The firm’s analyst, Joseph Moore, addressed concerns about whether the company had lost its second custom silicon AI customer, widely believed to be Microsoft’s Maia 2, to Broadcom. The analyst clarified that industry checks suggest that Marvell Technology, Inc. still holds the design for this project.
Industry contacts told Morgan Stanley that the design remains with the company and that switching vendors would be a difficult, multi-year process, especially because Maia 2 is a full front-end design by Marvell Technology, Inc.. Although the program is progressing well and the company expects to generate its first revenue in the second half of 2026, Morgan Stanley took a cautious stance. The firm’s analyst noted that first-generation ASICs can have a low success rate and they do not expect significant revenue in the first year.
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