Why Marvell just dethroned Nvidia as Citi's top chip-stock pick

Move over, Nvidia Corp. A different chip name could be a bigger winner this year, according to a Citi analyst. Citi’s Atif Malik elevated Marvell Technology Inc.’s stock MRVL, +1.17% to his top specialty chip pick in a Friday morning note, bumping Nvidia’s stock NVDA, +1.21% to the No. 2 position. He cheered the 2024 setup for shares of Marvell, which sells compute, networking, storage and custom semiconductor offerings. The name is a play on the artificial-intelligence boom, according to Malik, who sees po ...