1 Top Chip Stock Reporting Massive AI Growth -- Why Isn't the Stock Rising?
MRVLMarvell Technology(MRVL) The Motley Fool·2024-07-02 16:45

Marvell has all the pieces in place to rival the best AI chip designers, but it's underperforming nonetheless. After a solid rally in 2023 and a hot start to 2024, shares of chip designer Marvell Technology Group (MRVL 1.57%) have failed to participate in the artificial intelligence (AI) chip stock surge this year. It's a confounding situation, because Marvell has many of the pieces in place to rival one of the top semiconductor stocks right now, Broadcom (AVGO 2.20%). Is there something wrong with Marvell? ...