Oppenheimer Touts Marvell Technology (MRVL) as Top Data Center Play amid AI Infrastructure Ramp

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the top AI stocks with huge upside potential. On July 15, Oppenheimer reiterated that it is one of its top stock picks, well-positioned to deliver solid financial results driven by a ramp-up in AI infrastructure investments.

Oppenheimer Touts Marvell Technology (MRVL) as Top Data Center Play amid AI Infrastructure Ramp

A technician using a microscope to inspect a complex semiconductor structure.

Oppenheimer expects Marvell Technology to benefit from hyperscalers scaling up data, artificial intelligence, and data centers at an unprecedented pace. Likewise, it expects the company to capitalize on the top four cloud providers, fueling demand for high-speed networking, custom accelerators, and GPUs.

The research firm believes Marvell Technology’s artificial intelligence chips are gaining traction as power and cooling demands continue to rise.

Marvell Technology, Inc. (NASDAQ:MRVL) is a semiconductor company that specializes in data center infrastructure solutions. It provides semiconductor solutions for data centers, enterprise networking, and carrier infrastructure. Its products include custom application-specific integrated circuits (ASICs), electro-optics, Ethernet solutions, fiber channel adapters, processors, and storage controllers.

While we acknowledge the potential of Marvell Technology, Inc. (NASDAQ:MRVL) as an investment, 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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Disclosure: None. This article is originally published at Insider Monkey.