Overview
- Marvell Technology, a semiconductor company, is predicted by Citi analyst Atif Malik to be a better investment than Nvidia due to its potential in the AI chip market.
- Marvell Technology is known for making custom application-specific integrated circuits (ASICs) that are customized for AI, cloud data center and OEM customer demands.
- Major cloud service providers such as Microsoft, Alphabet, and Meta Platforms have been focused on the development of custom ASICs for tackling AI workloads.
- Morgan Stanley estimates that ASICs could account for 30% of the overall AI chip market by 2027, which could be worth $182 billion.
- Taiwan Semiconductor Manufacturing is considered a good overall value in the semiconductor industry due to its efficient business model and high margins.