Analyst Sees 'Wait-and-See' for Marvell Technology, Inc. (MRVL) as EPS Drops and Competitors Loom

We recently published a list of 12 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against other AI stocks on latest news and ratings.

On May 28, Redburn Atlantic initiated coverage on Marvell Technology, Inc. (NASDAQ:MRVL) with a “Neutral” rating and a price target of $67.00. Marvell engages in the development and production of semiconductors, focusing heavily on data centers.

Noting how Marvell and Broadcom are similar in terms of their ASICs exposure and networking capabilities, the analyst pointed out some concerns regarding Marvell’s potential involvement in future Amazon Web Services (AWS) Trainium chips.

Some of Marvell’s competitors, such as Alchip or AWS’s own Annapurna Labs, may play a more significant part in AWS’s accelerated ASICs in the future. If the said competitors take up a larger share of the work on AWS’s projects, it will impact Marvell’s business with AWS.

Marvell’s stock price has declined nearly 50% in 2025 due to an approximate 16% reduction in the company’s three-year forward GAAP earnings per share (EPS). Nevertheless, analysts are of the belief that Marvell will return to profitability this year with projected EPS of $2.83 for FY2026.

All in all, the firm’s Neutral rating reflects a wait-and-see approach, with investors closely watching Marvell’s developments, especially with respect to its collaboration with AWS and its positioning against competitors in the ASICs market.

Overall, MRVL ranks 7th on our list of AI stocks on latest news and ratings. While we acknowledge the potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.