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Jensen Huang Just Named Marvell the Next $1 Trillion Stock. Is the Stock a Buy Following a 129% Surge?
The Motley Fool·
Marvell Technology has surged 129% in three months, boosted by Nvidia CEO Jensen Huang's prediction that it could become the next trillion-dollar company. The semiconductor designer benefits from strong demand for custom AI chips (ASICs) and optical networking products in data centers. While the company trades at premium valuations (P/E of 94), analysts project 43% earnings growth this year and significant expansion in its addressable market, potentially justifying higher prices for growth-oriented investors.
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