MRVL 凭借定制 AI 芯片具备强劲增长轨迹，股价有望在年底前达到 325 美元。

However, let's move on to the second stock that I still believe has a tremendous growth trajectory ahead of it, which is Marvel Technology, and its stock symbol is MRVL. With Marvel, we are facing a completely different investment in artificial intelligence compared to AMD.

AMD competes in the field of artificial intelligence computing. Meanwhile, Marvel is increasingly leveraging something else: custom AI chips and networks.

With Marvel, we are facing a completely different investment in artificial intelligence compared to AMD. AMD competes in the field of artificial intelligence computing . Meanwhile, Marvel is increasingly leveraging something else: custom AI chips and networks.

What does that mean? Well, Nvidia basically sells general-purpose AI accelerators. They are extremely powerful and fast, but cloud giants are increasingly turning to designing their own chips.

Why? Because if you are Google, Amazon, Microsoft, or Meta, and you spend tens of billions of dollars each year on AI infrastructure, you may want chips that are specifically designed for your workloads.

This can lead to improved performance, energy efficiency, cost, and control.

But designing advanced semiconductors is extremely difficult, and that's where companies like Marvel or even companies like Broadcom come in . Marvel can be considered the engineer of artificial intelligence chips.

As for Marvel, it helps some of the world's largest technology companies build their own cars. Marvel provides custom chip technology that helps giant companies design specialized AI accelerators and supporting infrastructure.

Look at Marvel's latest quarterly figures. They achieved record revenues of $2.74 billion. This represents an increase of approximately 40% year-on-year. But again, look at the data center sector.

Data center revenues grew by 46%, and management attributed this quarter's revenue results specifically to the continued strength across its data center portfolio . The company also announced adjusted earnings per share of $0.94 and operating cash flows exceeding $600 million.

Marvel recently expanded its relationship with Alphabet. This is extremely important . Google and Marvell have entered into a commercial agreement covering a full range of custom semiconductor products related to Google's " TPU" ecosystem .

This includes AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and even near- memory computing. It's not about Marvel selling Google one small component.

We are talking about the possibility of Marvell touching different parts of Google’s AI infrastructure. Google is so serious about this partnership that it has issued Marvel- related business incentives through a safeguards structure for this relationship.

Returning to my "Stock Investor's Edge" site, look at Marvel's earnings growth over the next few years. If these predictions are even slightly close, then this is a stock whose price will rise.

Here's a look at the latest target price updates. The lowest target price is 270, which is too low in my estimation, and the highest of the three is 325. Again, these are just the last three updates.

But that number 325 represents an increase of about 35% from today's stock price. For me, the stock could reach those levels by the end of this year , and I don't think that's an exaggeration.

On the other hand, Marvel is a strategic investment option in the specialized artificial intelligence infrastructure being built by giant companies. You are betting on custom chips, connectivity, networks, storage, memory interfaces, and more specialized infrastructure for giant corporations.

I don't think you necessarily have to choose one over the other. I own both of them and I will increase my stake in them by using option contracts.

As for Marvell, I'm monitoring the revenue from custom chips. How quickly do the programs of these giant companies evolve ? For Google, how big is this partnership? For data centers, can growth remain high?

Customer focus, because winning over huge corporations creates enormous profits, but it also creates enormous dependency. And of course, profit margins. Custom chips can have different economics than other parts of the semiconductor business.

Therefore, I don't just want revenue growth. I want profitable growth.

This is what interests me about AMD. This is what interests me about Marvell. Because if we wait until AMD acquires a large share of AI accelerators, or Helios is deployed, or Marvell's custom chip software starts generating tens of billions in revenue, and Wall Street becomes fully aware of this opportunity, then we will not be in the early stages.

Again, I don't expect AMD or Marvell to repeat that. That would be a very high assumption.

Marvell gives me exposure to cloud giants that are increasingly building their own custom AI chips. Different businesses, different risks , different opportunities, but both could benefit from the same massive, fundamental trend: building AI infrastructure.

I'm not saying they're the next Nvidia. I would say that Nvidia has taught us what to look for: massive growth in data center revenues, rapid profit growth, expansion into a targetable market , huge customer commitments, and products that stand directly in front of a massive capital expenditure cycle.

These are the characteristics I'm looking for, and currently, AMD and Marvell are two companies that meet many of these criteria.