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.
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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