Semiconductor companies focused on AI data center infrastructure are receiving fresh analyst endorsements, driving stock price surges. UBS raised its price target on Marvell Technology to $340 from $230, implying 27.5% upside, citing accelerating demand for Compute Express Link (CXL) technology. CXL is becoming critical for AI workloads requiring high-bandwidth, low-latency memory interconnects. UBS expects the CXL addressable market to reach $7–10 billion by 2030, with Marvell leading currently but facing future competition from Astera Labs and Broadcom.
Analyst Timothy Arcuri projects Marvell’s CXL revenue hitting $1 billion in 2027 and $2 billion in 2028, lifting overall revenue estimates to $16.8 billion for 2027 and $23.9 billion for 2028. KeyBanc separately raised its target to $385, highlighting Marvell’s optical networking business as a more durable growth engine than custom AI chips.
Navitas Semiconductor (NVTS) also jumped after Morgan Stanley and Baird boosted price targets, with Baird setting a $20 target. The company makes power semiconductors that improve energy efficiency in AI servers. Its stock trades at a steep price-to-sales ratio of 92x, far above its historical average, reflecting high growth expectations but also elevated risk.
