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Melius Research Identifies Marvell Technology (MRVL) as the Future Leader in AI Semiconductors, Sets $188 Target Price


Marvell Technology, Inc. (NASDAQ:MRVL) is one of the top AI stocks dominating Wall Street, ranking 5th on the list. The artificial intelligence community is buzzing about a new reasoning model developed by Chinese startup DeepSeek, called r1, which is believed to surpass OpenAI’s o1 at a fraction of the cost. This breakthrough has been spearheaded by Liang Wenfeng, a leading figure in China’s AI initiative. Critics say DeepSeek’s technology is slightly behind OpenAI and Google, but it’s still impressive, considering the constraints DeepSeek faced with US restrictions. The startup also released an AI assistant powered by the DeepSeek-V3 model, which quickly became the top-rated free application on Apple’s App Store in the US, surpassing rivals like ChatGPT.

Despite Marvell’s stock price increasing by 108% since the beginning of 2024, it is expected to continue to rise due to its involvement in the AI semiconductors industry. With Melius Research initiating coverage of Marvell with a “Buy” rating and a $188 price target, analysts believe that Marvell is well-positioned to benefit from the AI Halo Effect and an expanded addressable market for its custom silicon solutions. While Marvell shows promise as an investment, there are other AI stocks that may offer higher returns within a shorter timeframe.

In conclusion, the AI landscape is rapidly evolving, and companies like Marvell and DeepSeek are at the forefront of innovation and achievement. These developments may challenge the pricing power of US tech giants and prompt a re-evaluation of their AI spending strategies. Investors looking for promising AI stocks should consider companies like Marvell and DeepSeek that are making waves on Wall Street.

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