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Prediction: This Artificial Intelligence (AI) Chip Stock Is Going to Skyrocket After Dec. 3
MRVLMarvell Technology(MRVL) The Motley Fool·2024-12-01 12:45

The market for artificial intelligence (AI) chips has been dominated by Nvidia, which explains why the semiconductor giant recently delivered another stellar set of results for the third quarter of fiscal 2025 (which ended on Oct. 27).The chipmaker's revenue shot up a whopping 94% year over year to $35.1 billion, while its immense pricing power helped it more than double its adjusted earnings to $0.81 per share. However, the market's reaction to Nvidia's outstanding results has been lukewarm. In fact, the s ...