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While Nvidia (NVDA) remains the poster child for the artificial intelligence (AI) boom, many smaller players are gaining traction and could be solid investments in the long term. Valued at $53.1 billion, Marvell Technology (MRVL) is a semiconductor company that designs and develops integrated circuits (chips), primarily for data infrastructure. Its products run everything from cloud data centers to 5G networks, automotive systems, and enterprise storage.
Marvell began its fiscal year 2026 with a strong performance, reporting record first-quarter revenue and earnings driven by explosive growth in AI demand and rapid momentum in its custom silicon business.