Citi says buying chip stocks ahead of their AI presentations is a winning trade and this name is next

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Posted March 27

Citi says buying chip stocks ahead of their AI presentations is a winning trade and this name is next

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Web Services’ Trainium2 AI chips harnessing this technology. While Marvell shares have underperformed in recent weeks following a weak current-quarter guide, Malik noted that shares trade at an 18% valuation discount to many AI peers. The stock is down about 5% in march but up more than 13% on the year. He added that conversations at the Optical Fiber Communication Conference and Exhibition this week in California suggest stability in optical digital signal processors used in transmission systems and connectivity solutions.

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Investment strategy,Stock markets,Marvell Technology Inc,business news
#Citi #buying #chip #stocks #ahead #presentations #winning #trade

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Citi says buying chip stocks ahead of their AI presentations is a winning trade and this name is next

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