The No. 1 AI Stock of 2024 (Not Nvidia)
It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.
| Open | 73 | Prev Close | 71.55 |
| High | 74.06 | Low | 71.41 |
| Volume | 8,442,400 | Volume (Avg) | 11,001,286 |
| 52 Week High | 55.70 | 52 Week Low | 17.70 |
| Market Cap | 31.2B | PE Ratio | -67.33 |
General
| Name | Marvell Technology Group Ltd |
| Ticker | MRVL |
| Exchange | NASDAQ |
| Sector | Technology |
| Industry | Semiconductors |
| Currency | USD |
| Country | USA |
| Fiscal Year End | February |
About Marvell Technology Group Ltd
Marvell Technology Group Ltd. designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; custom application specific integrated circuits; and printer SoC products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. The company was founded in 1995 and is headquartered in Hamilton, Bermuda.
Highlights
| Analyst Target | 54.13 |
| Market Cap | 31,170,039,808 |
| PE Ratio | -67.33 |
| PEG Ratio | 2.30 |
| EBITDA | 616,776,000 |
Valuation
| Trailing PE | 18.38 |
| Forward PE | 34.36 |
| Price/Sales (Trailing 12 Mt.) | 10.62 |
| Price/Book (Most Recent Quarter) | 3.78 |
Technicals
| Beta | 1.17 |
| 52 Week High | 55.70 |
| 52 Week Low | 17.70 |
| 50 Day Average | 48.82 |
| 200 Day Average | 44.85 |
Dividend
Marvell Technology Group Ltd pays out a dividend of $0.24 per share, with a dividend yield of 0.31%.
MRVL's last dividend payment was made to shareholders on April 28, 2021.
They pay out 21.05% of their earnings out as a dividend.
Recent Dividends
| Jul 31, 2024 | $0.06 |
| May 1, 2024 | $0.06 |
| Jan 31, 2024 | $0.06 |
| Oct 25, 2023 | $0.06 |
| Jul 26, 2023 | $0.06 |
| Apr 26, 2023 | $0.06 |
| Jan 25, 2023 | $0.06 |
| Oct 26, 2022 | $0.06 |
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