This Under-The-Radar Broadcom Competitor Is Starting To Rev Up: Growth Score Spikes
Advanced Micro Devices, Inc. AMD | 210.21 205.24 | +3.33% -2.36% Pre |
Amazon.com, Inc. AMZN | 210.57 207.46 | +1.10% -1.48% Pre |
Broadcom Limited AVGO | 313.49 306.60 | +1.29% -2.20% Pre |
Marvell Technology, Inc. MRVL | 106.71 103.20 | +7.73% -3.29% Pre |
Microsoft Corporation MSFT | 369.37 366.31 | -0.22% -0.83% Pre |
This relatively little-known semiconductor company that competes against the likes of Broadcom Inc. (NASDAQ:AVGO) and Advanced Micro Devices Inc. (NASDAQ:AMD) is starting to level up as a picks-and-shovels play in the AI infrastructure segment.
The company in question is Delaware-based Marvell Technology Inc. (NASDAQ:MRVL), which has seen a surge in its Growth score in Benzinga’s Edge Stock Rankings over the past week.
Under-The-Radar Semiconductor Stock Sees Uptick
The Growth score in Benzinga’s Edge Rankings is primarily assessed based on a company’s historic growth profile. It takes into account the pace of earnings and revenue growth, with equal importance given to both short and long-term trends, before being ranked as a percentile relative to all other stocks.
See Also: EVP & Chief Legal Officer Of Marvell Tech Sold $126K In Stock
A surge in a stock’s growth score is thus indicative of a strong recent quarterly performance, lifting long-term growth metrics and improving rankings as a result.
1. Marvell Technology Inc.
Marvell Technology has seen its Growth score surge from 62.11 to 75.79 within the span of a week, just days after the company’s third-quarter earnings results, when it reported $2.08 billion in revenue, up 36.74% year-over-year, and a profit of $0.76 per share, both ahead of analyst consensus estimates.
Analysts have since responded with a wave of ratings upgrades and increases in the price targets, with the consensus average of $110.08, an upside of 23.82% from current levels.
On Tuesday, the company debunked speculations that it had lost business from Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT), stating that its business from the tech giants remains on track to ramp in 2026.
The stock scores high on Growth in Benzinga’s Edge Stock Rankings, with a favorable price trend in the short, medium and long terms. Click here for deeper insights into the stock, its peers and competitors.
Read More:
- Marvell Could Hit $10B Next Year, CEO Says — And AI Demand Is Just Getting Started
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