Marvell Technology, Inc. (NASDAQ:MRVL) is highlighted as a top AI stock on Wall Street. Needham analyst N. Quinn Bolton raised the price target to $95.00, citing CEO Matt Murphy’s comments on the custom silicon business. Murphy assured no revenue gap next year at AWS and provided growth rates for Data Center and sub-segments in FY27.

Custom silicon revenue is expected to remain stable, with Data Center growth aligning with hyperscaler CapEx at +18% Y/Y. Optics and other segments are projected to see faster growth. Murphy’s comments at a competitor’s chat prompted a reduction in custom silicon forecast but an increase in optics/other forecast for FY27, leading to slight upside to NG GM and NG EPS. Price target raised to $95.

Marvell Technology, Inc. (NASDAQ:MRVL) specializes in semiconductor development, particularly for data centers. While MRVL shows potential, some AI stocks may offer greater upside with less downside risk. Investors seeking an undervalued AI stock benefiting from tariffs and onshoring trends can explore a free report on the best short-term AI stock.

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Read more at Yahoo Finance: Why Needham Raised Marvell’s (MRVL) Price Target From $80 to $95