Why Marvell will be at forefront of AI demand from 5G providers

[Pelican Press 0]

Why Marvell will be at forefront of AI demand from 5G providers

As part of the latest installment of Yahoo Finance’s Good Buy or Goodbye, Tematica Research Chief Investment Officer Chris Versace joins

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to give his takes on chip stock Marvell Technology (MRVL) on AI momentums and retailer Dillard’s (DDS) as the latter contends with slowing consumer spending in department stores.

Marvell is Versace’s Good Buy on its exposure to telecom networks whose 5G networks will be pushed to adopt artificial intelligence to keep up increasing user activity.

“So as this virtuous circle of data just explodes, not just because of ongoing 5G adoption, not just because of other applications that are coming, but really in the near-term, this ********** due to AI, network spending is going to have to catch up,” Versace explains. “In the near term, what are we going to see? Network capacity levels will continue to rise…”

Versace picks Dillard’s as his Goodbye, citing declines in department store foot traffic as consumers become more selective about where they shop.

Catch more of Good Buy or Goodbye, or watch this full episode of Yahoo Finance Live here.

Editor’s note: This article was written by

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Marvell Technology,Good Buy,Julie Hyman,telecom networks,Chief Investment Officer,Versace
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