Investors may want to consider Marvell Technology as a growth prospect over Nvidia.

From NASDAQ.: 2024-12-14 08:55:00

Nvidia’s stock has surged over 800% in the past two years, outperforming the S&P 500. However, competition is increasing, and investors may want to look at Marvell Technology as a growth prospect. Marvell’s technology powers data centers and AI, with new products like the Aquila DSP and HBM modules driving growth projections.

Marvell’s stock has risen over 200% recently, with a high valuation of 40 times next fiscal year’s projected earnings. Despite this, analysts remain bullish on Marvell’s prospects in the AI technology market. Marvell is positioned to capture significant growth, with contracts in hyperscale data centers and strong revenue projections.

While Marvell may not be a favorite among institutional investors yet, its long-term growth potential remains promising. Investors should consider the underlying story and risk-reward scenario before buying the stock. The analyst community rates Marvell as a strong buy, suggesting continued upside potential.

For investors considering Marvell Technology, it’s important to note that the Motley Fool Stock Advisor team did not include Marvell in their recent list of top stocks. However, the service has a strong track record of outperforming the S&P 500 and providing valuable stock picks. Investors should evaluate their investment thesis and long-term goals before making a decision.



Read more at NASDAQ.: Should You Forget Nvidia and Buy This Tech Stock Instead?