Marvell Technology (MRVL) rose Tuesday after Goldman Sachs analysts listed the tech name as a long-term beneficiary of artificial intelligence adoption.
CNBC's Jim Cramer echoed the Wall Street firm's sentiments, adding Marvell is "sitting on a gold mine" as its semiconductors and other equipment are essential to building out the nascent AI tech.
Marvell used to be in the Trust.
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The analysts at Goldman also think Club names like Nvidia (NVDA), Microsoft (MSFT), Salesforce (CRM) and Meta Platforms (META) will get a further boost from AI.
Persons:
Goldman Sachs, CNBC's Jim Cramer, Marvell, Cramer, Jim Cramer's, Goldman, David Kostin
Organizations:
Marvell Technology, Marvell, CNBC, Trust, Club, Nvidia, Microsoft, Goldman's