Marvell Technology will reap the benefits from the growth of artificial intelligence due to its deep and broad base of intellectual property, Bank of America predicts.
On Thursday, the bank reiterated its buy rating ahead of the chipmaker's AI presentation next Thursday.
MRVL YTD mountain Marvell Technology year to date At the event, analyst Vivek Arya expects Marvell Technology to outline a $20 billion to $30 billion incremental total addressable market.
He also expects Marvell to reinforce its competitive differentiation in custom chips compared to lower-priced Taiwan rivals, similar to an argument recently made by Broadcom .
Arya also expects management at the AI event to address Marvell's leadership in inter- and intra-data center AI optics and its ability to transition to silicon photonics.
Persons:
Vivek Arya, Arya, Marvell
Organizations:
Marvell Technology, Bank of America, Marvell, Broadcom, photonics
Locations:
CY24E, Taiwan