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Delaware Stock Is Well Positioned To Capitalize on Growing AI Demand, Analyst Says
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After attending Marvel Technology Inc.'s accelerated AI infrastructure day event, Roth MKM analyst Suji Desilva wrote the company's overview was "very strong."

Marvell Technology Inc. (MRVL:NASDAQ) recently held an event in New York focused on their accelerated AI infrastructure, which garnered significant attention and interest from attendees, noted Roth MKM analyst Suji Desilva in an April 12 research note.

"We attended MRVL's accelerated AI infrastructure day event in New York, where interest in the company’s AI overview was very strong," Desilva commented.

Desilva wrote that the company's strategic acquisitions in the technology sector have positioned them well to capitalize on the growing demand for AI infrastructure. Desilva continued stataging that Marvell's comprehensive portfolio, which includes compute, networking, and storage IP and products, makes its stock an attractive option for investors looking to benefit from the expected growth in AI infrastructure over the coming years. 

As for the growth of AI product lines, Desilva said, "We expect very strong growth in MRVL’s custom accelerator products, where management estimates the market opportunity can grow at a CAGR 30% and represents US$20+bn in the next several years."

With this, Desilva maintained their Buy rating and US$95 price target on the stock.

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  1.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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Disclosures for Roth MKM, Marvell Technology Inc., April 12, 2024

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Disclosures: ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. The material, information and facts discussed in this report other than the information regarding ROTH Capital Partners, LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This report should not be used as a complete analysis of the company, industry or security discussed in the report. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this report are subject to change without notice. An investment in the stock may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, an investment in the stock may involve a high degree of risk and may not be suitable for all investors. No part of this report may be reproduced in any form without the express written permission of ROTH. Copyright 2024. Member: FINRA/SIPC.

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