Jensen Huang Just Named Marvell the Next $1 Trillion Stock. Is the Stock a Buy Following a 129% Surge?
Marvell stock has surged impressively over the past three months, and Nvidia CEO Jensen Huang believes that it could soar even higher.
Overview
Marvell Technology (NASDAQ: MRVL) stock has witnessed a phenomenal surge lately, rising an incredible 129% over the past three months, as investors have taken cognizance of the company's growing prominence in the artificial intelligence (AI) infrastructure space.
Marvell stock got a big boost recently after Nvidia CEO Jensen Huang remarked that the chip designer could be the next one to join the trillion-dollar market cap club. Investors, however, may be wondering if it is a good idea to buy this semiconductor stock following its parabolic jump.
Details
Let's take a closer look at Marvell's business and see if it can indeed live up to Huang's prophecy and become a multibagger in the future.
Source
Originally published at www.fool.com.