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MRVL - 1 Top Chip Stock Reporting Massive AI Growth -- Why Isn't the Stock Rising?
Marvell Technology Inc.
2024-07-02 04:45:00 ET
After a solid rally in 2023 and a hot start to 2024, shares of chip designer Marvell Technology Group (NASDAQ: MRVL) have failed to participate in the artificial intelligence (AI) chip stock surge this year. It's a confounding situation, because Marvell has many of the pieces in place to rival one of the top semiconductor stocks right now, Broadcom (NASDAQ: AVGO) .