Most investors know that names like Nvidia and Microsoft were the big winners of the initial advent of artificial intelligence (AI). As time marches on, though, other companies are stepping up to fill the technological gaps exposed by the rise of AI computer processors and AI user interfaces (such as OpenAI’s ChatGPT and Microsoft’s Copilot). In some cases, it’s the first time many investors are even hearing of these organizations.
Marvell Technology (NASDAQ: MRVL) is not a name many investors are familiar with. However, it’s an outfit the artificial intelligence industry is increasingly depending on, since the business can’t continue to improve and grow without this organization’s tech.
Never heard of it? Most investors probably haven’t. Its $100 billion market cap doesn’t turn a lot of heads.
However, it’s not a stretch to suggest that Marvell Technology stock could soon be delivering Nvidia-like gains. Its wares are that important to AI data centers.
No, it doesn’t make artificial intelligence processors — at least, not the ones you hear so much about, such as Nvidia’s Grace CPU (central processing unit), which is currently serving as the workhorse for many AI data centers.
Rather, Marvell Technology makes a wide range of high-performance silicon that attaches to — and connects — all the servers you’ll find tethered together to make a wall of tech found inside a data center. Digital signal processors (or DSPs), switches, ethernet controllers, hard drive connectors, and custom-built ASIC chips meant to meet very specific lower-spec needs are all in its wheelhouse. As an example, its recently unveiled Aquila digital signal processors can handle 1.6 trillion bits of digital data per second.
Boring? Perhaps a little. But don’t mistake boring for slow-moving. While economic headwinds will keep this company’s top-line growth to a minimum this year, it should rebound in earnest next year. Analysts are calling for revenue growth of more than 40% in 2025.
That’s still just the beginning. Technology market research outfit IDC predicts that today’s $32…
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