Is Marvell Technology Inc. (NASDAQ:MRVL) the Best NASDAQ Stock to Buy So Far in 2025?
From Yahoo Finance: 2025-04-16 09:35:00
In our recent list of 13 Best NASDAQ Stocks to Buy So Far in 2025, Marvell Technology Inc. (NASDAQ:MRVL) is highlighted for its potential. Analyst Dan Ives warns of a potential 15% to 20% demand reduction if tariffs remain in place, affecting tech companies. Marvell Technology Inc. (MRVL) ranks 11th on the list, showing promising growth potential in AI and cloud computing markets.
Marvell Technology Inc. (NASDAQ:MRVL) is a data infrastructure semiconductor solutions provider with 105 hedge fund holders. The company’s focus on AI and cloud segments, along with a collaboration with AWS, has led to impressive revenue growth. With investments in key technologies for data center interconnects, MRVL aims to exceed $2.5 billion in revenue for fiscal year 2026.
Analyst Harlan Sur from JP Morgan reaffirmed a Buy rating on Marvell Technology Inc. (MRVL) with a $130 price target, citing strong performance in the AI/cloud segment. The company’s collaboration with AWS for customized high-performance chips is seen as a strategic move. MRVL’s data center segment showed significant improvement in revenue, exceeding its targets for fiscal year 2025.
Read more at Yahoo Finance: Is Marvell Technology Inc. (NASDAQ:MRVL) the Best NASDAQ Stock to Buy So Far in 2025?