This fast-growing semiconductor company may not remain undervalued for long.
Spending on data centers is exploding as demand for artificial intelligence (AI) heats up. Nvidia has been the top beneficiary so far, but investors can broaden their exposure to the growing demand for chips and other data center components by considering Marvell Technology ( MRVL 6.27% ) .
Marvell was one of the fastest-growing semiconductor companies last quarter, with revenue surging 58% year over year. The stock still trades at a reasonable valuation, making it a solid option for investors interested in the AI opportunity.
Why Marvell stock can outperform
Marvell Technology is a leader in key data center components, including custom chips and Ethernet connectivity. Data center revenue has more