MRVL - Investing In AI? Marvell Technology Is The Company To Watch
2024-01-22 18:52:02 ET
Summary
- Marvell Technology is a company that some expect to benefit greatly from the proliferation of Artificial Intelligence.
- The company's near-term revenue forecasts have disappointed investors, but its long-term growth opportunity remains intact.
- The stock price will likely lag until its non-AI businesses stabilize and recover.
One of the top themes for investment in 2024 is Artificial Intelligence ("AI"), and if you are looking to invest in AI, now is the time to invest in Marvell Technology ( MRVL ). This company should benefit tremendously from the proliferation of AI. However, the problem is that a few other areas of its business have encountered short-term issues, which showed up the last time the company reported earnings on November 30, 2023. Investors were disappointed in its near-term revenue forecasts and lackluster profitability. Still, despite the short-term hiccup in revenue growth and profitability, the potential long-term opportunity justifies a buy. ...
Investing In AI? Marvell Technology Is The Company To Watch