Nvidia (NVDA) CEO Jensen Huang recently predicted that Marvell (MRVL) would become “the next trillion-dollar company,” sparking an intense rally by MRVL stock. With Marvell effectively exploiting the huge, rapidly increasing investments by tech giants building their own chips and MRVL growing at a blistering pace amid the AI boom, MRVL stock is worth buying for growth investors.
Other factors likely to boost MRVL stock are Nvidia's significant investment in the name and the Street's current enthusiasm for hardware makers that are benefiting a great deal from the AI Revolution.