1 Artificial Intelligence Stock That Could Double in 2026

Core Insights - Healthy spending on AI infrastructure is expected to continue into 2026, as indicated by quarterly results from major hyperscalers and announcements from key AI companies like OpenAI [1] - The capital expenditure of the top five U.S. hyperscalers is projected to reach $602 billion in 2026, a 36% increase from current levels, benefiting companies like Nvidia and Broadcom, although their high valuations may impact returns [2] - Marvell Technology is highlighted as a rapidly growing AI chip stock that is relatively inexpensive compared to its peers, with potential for significant growth in 2026 [3] Company Performance - Marvell Technology is gaining recognition in the AI chip market, designing application-specific integrated circuits (ASICs) that are tailored for specific workloads, particularly AI inference applications [5] - The demand for Marvell's custom AI processors has led to a remarkable 69% year-over-year growth in its data center revenue, reaching $1.5 billion in the second quarter of fiscal 2026, contributing to an overall revenue increase of 58% [7] - Marvell aims to capture 20% of the custom AI chip market by the end of 2028, indicating room for further growth compared to competitors like Broadcom, which also operates in the infrastructure software market [8] Market Position - While Nvidia and Broadcom are leading names in the AI chip industry, Marvell is quickly gaining traction and offers a fast-growing option at a lower valuation [9] - The significant market opportunity for Marvell suggests strong upside potential as the AI chip sector continues to expand [9]