1 Top Chip Stock Reporting Massive AI Growth -- Why Isn't the Stock Rising?
After a solid rally in 2023 and a hot start to 2024, shares of chip designer Marvell Technology Group (NASDAQ: MRVL) 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 (NASDAQ: AVGO).
Data by YCharts.
Source Fool.com
Broadcom Ltd. Stock
€1,571.2
-2.970%
The stock is an absolute favorite of our community with 77 Buy predictions and no Sell predictions.
As a result the target price of 1750 € shows a slightly positive potential of 11.38% compared to the current price of 1571.2 € for Broadcom Ltd..
