Published on 31 May 2024 on Motley Fool via Yahoo Finance
Will Marvell Technology Be a Trillion-Dollar Stock by 2050?
Marvell Technology (NASDAQ: MRVL) doesn't attract as much attention as many of its chipmaking peers, but its stock has still rallied about 250% over the past five years. That easily beat the S&P 500's gain of nearly 90% during the same period.
Marvell steadily grew as it acquired smaller companies and sold plenty of chips for the cloud, 5G, automotive, enterprise networking, and artificial intelligence (AI) markets -- but its market capitalization of $66 billion still makes it smaller than many other semiconductor companies. Could it eventually become a trillion-dollar chipmaker by 2050?
