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Down More Than 30% This Year, Could This Struggling Artificial Intelligence Stock Be a Bargain Buy Right Now?
Many artificial intelligence (AI) stocks are trading at sky-high valuations and can look too expensive to buy today. But there's one AI stock that has recently been struggling, and it could be an attractive buy on weakness.Shares of Marvell Technology (NASDAQ: MRVL) are down a whopping 32% since the start of the year after the company's recent performance and guidance underwhelmed investors and analysts. It's off by more than 40% from its 52-week high of $127.48.The tech company develops application-specific integrated circuits (ASICs) which its customers can use as custom chips in their data centers. They can be cost-effective alternatives to Nvidia's GPUs, which are designed to serve broader, more generic needs and workloads. Continue reading
Many artificial intelligence (AI) stocks are trading at sky-high valuations and can look too expensive to buy today. But there's one AI stock that has recently been struggling, and it could be an attractive buy on weakness.
Shares of Marvell Technology (NASDAQ: MRVL) are down a whopping 32% since the start of the year after the company's recent performance and guidance underwhelmed investors and analysts. It's off by more than 40% from its 52-week high of $127.48.
The tech company develops application-specific integrated circuits (ASICs) which its customers can use as custom chips in their data centers. They can be cost-effective alternatives to Nvidia's GPUs, which are designed to serve broader, more generic needs and workloads.
