Time is driving changes on the AI front. Nvidia is no longer the market's top opportunity. This title is shifting toward Taiwan Semiconductor Manufacturing Company (NYSE: TSM), which is arguably better positioned to capitalize on the next chapter of AI's growth story.
https://finance.yahoo.com/news/forget-nvidia-buy-magnificent-artificial-150000398.html
https://www.marketwatch.com/articles/nvidia-stock-ai-chip-makers-f2312dc1?mod=mw_quote_news
“The key names in our AI basket are Nvidia, Astera Labs, Marvell Technology, Broadcom, and Advanced Micro Devices, ” analysts led by Blayne Curtis wrote. “There may need to be winner/losers eventually, but the time is not now with AI tide rising.” The team rates all five stocks at Buy.
Wall Street analysts have a consensus "Strong Buy" rating on MRVL, with an average 12-month price target of $89.42, representing 34.59% upside potential
Key positives for Marvell include its strong position in next-generation AI accelerator ASICs, projected market expansion with a 29% CAGR in its total addressable market through 2028, and strategic acquisitions that have strengthened its competitive position
$MRVL
