Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Top AI Stocks in the Spotlight on Wall Street. On September 25, Needham analyst N. Quinn Bolton raised the price target on the stock to $95.00 (from $80.00) while maintaining a Buy rating. The rating affirmation follows CEO Matt Murphy’s comments made at a competitor’s fireside chat regarding the company’s custom silicon business. According to the firm, Murphy has made efforts to ease investor concerns by revealing there should be no revenue gap next ye ...

Core Thesis - Marvell Technology, Inc. is viewed positively due to its recent pullback in stock price, creating an attractive entry point for investors, despite a projected decline in its custom segment being attributed to project timing rather than weakness [2][4] Company Performance - As of September 11th, Marvell's share price was $66.59, with trailing and forward P/E ratios of 22.15 and 23.87 respectively [1] - The company has experienced a 42% depreciation in stock price since January 2025, attributed to short-term volatility, but the bullish thesis remains intact [5] Market Position - Marvell's diversified technology portfolio, which includes storage, custom silicon, and networking, positions the company to benefit from sustained demand across high-growth areas [3] - The networking business is considered robust and underappreciated by the market, indicating significant latent value [2][3] Investment Opportunity - The recent market pullback is seen as a strategic opportunity to invest in a high-quality semiconductor business at a temporary discount, with solid near-term earnings visibility and growth potential [4] - Investors are expected to recognize the value in Marvell's networking and custom segments as project ramps progress, potentially leading to meaningful upside [4]