MRVL - Better AI Stock: Lam Research vs. Marvell Technology
2023-09-25 06:00:00 ET
There's a lot of economic uncertainty today, but one thing that seems assured is that companies will invest more in artificial intelligence, both for internal automation and consumer-facing applications.
AI semiconductor stocks have, of course had quite a strong run this year. But recent angst over the economy and interest rates have caused even AI leaders to pull back heavily since August.
That may have opened up an opportunity for long-term investors to pick up shares with an eye toward the multiyear AI investment cycle. And two key players in the cycle are semiconductor equipment leader Lam Research (NASDAQ: LRCX) and Marvell Technology (NASDAQ: MRVL) . But which is the better buy today?
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Better AI Stock: Lam Research vs. Marvell Technology