We recently published an article titled Billionaire Ken Fisher's 10 Technology Stock Picks with Huge Upside Potential . In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against the other technology stocks.
Technology stocks have faced heightened volatility in 2025, with market sentiment swinging sharply in response to President Donald Trump’s aggressive trade policies. On April 3, tech shares endured their worst day since the COVID-19 pandemic as Trump announced sweeping tariffs on all imported goods, including a 34% duty on Chinese imports, exacerbating fears of a global trade war. An iPhone maker led the steep declines among the "Magnificent Seven," plummeting over 9% due to its reliance on Chinese manufacturing. Other tech giants also fell between 8% and 9%, while semiconductor and PC companies recorded double-digit losses. The tech-heavy NASDAQ tumbled 6%, marking its worst session over five years and deepening its year-to-date loss to more than 14%.
Despite the recent turmoil, broader optimism about technology and growth stocks remains underpinned by longer-term trends. Notably, Ken Fisher of Fisher Asset Management has emphasized that while mega-cap tech firms often face headwinds, they tend to outperform during bullish cycles and reflect broader market confidence. He argues that 2024’s rally was more expansive than many recognize, with tech and communication services stocks leading growth across the board. While tech stocks often decline more in bearish periods, their historical track record of resilience and growth during recoveries continues to make them attractive for long-term investors. This underscores why, even amid significant volatility, tech stocks retain strategic value for portfolios, particularly when the market regains momentum.
Signs of a potential rebound appeared later in April, as major indexes recovered modestly on April 24, with tech shares helping lead the rally. Investors responded positively to reports that the U.S. and China had resumed trade talks, despite earlier denials from Beijing. Trump’s announcement that some tariffs might be rolled back helped ease immediate fears, although uncertainty remains high. Analysts noted that the recent tech selloff had left the market oversold, setting the stage for short-term gains. However, mixed earnings reports and rising costs across industries continue to fuel caution, reinforcing the unpredictable nature of trade policy’s impact on tech and broader equity markets.
Our Methodology
For this article, we scanned Fisher Asset Management’s Q4 2024 13F filings to identify billionaire Ken Fisher's technology stock picks with the highest upside potential. We compiled the tech equities with upside potential higher than 27% at the time of writing this article and discussed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 363.5% since May 2014, beating its benchmark by 208 percentage points ( see more details here ).
An assembly line in a semiconductor factory, with workers at their stations.
Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holders as of Q4: 105
Fisher Asset Management’s Equity Stake: Million
Upside Potential as of April 30: 77.62%
Headquartered in Santa Clara, California, Marvell Technology, Inc. (NASDAQ: MRVL) stands out as a leading provider of semiconductors focused on AI-driven computing, communication systems, and storage technologies. Founded in 1995 by Dr. Sehat Sutardja, Weili Dai, and Pantas Sutardja, this firm initially concentrated on CMOS-based read-channel tech for hard drives before transforming itself into a worldwide pioneer in sophisticated data infrastructure. A significant milestone was achieved with Seagate Technology becoming one of their earliest clients, which set the stage for substantial expansion. Currently, Marvell caters to various sectors such as data centers, automobiles, enterprises, and telecommunications networks. Through integrating artificial intelligence within its offerings, Marvell is revolutionizing cloud and networking structures aimed at enhancing efficiency, performance, and usability. With approximately 6,500 employees, holding over 10,000 patents, and achieving revenues totaling $5.5 billion during fiscal year 2024, the corporation solidifies its role as a trailblazer in semiconductor advancements.
Marvell Technology, Inc. (NASDAQ:MRVL) disclosed its financial outcomes for the fourth quarter and entire fiscal year ending on February 1, 2025, showcasing robust progress. For this quarter, Marvell declared net revenues totaling $1.817 billion, surpassing expectations by $17 million. There was an impressive 20% rise from the previous quarter along with a substantial 27% jump when contrasted against the corresponding time frame last year, primarily fueled by remarkable expansion within the data center sector which saw earnings surge by 78%. During this reporting cycle, the firm’s net profit stood at $200.2 million, equivalent to $0.23 per diluted share. Furthermore, Marvell recorded an operational cash inflow of $514 million during these three months, underscoring effective monetary stewardship.
In the complete fiscal year 2025, Marvell Technology, Inc. (NASDAQ:MRVL) reported total revenues of $5.767 billion. Throughout this period, the firm generated an all-time high of $1.68 billion in operational cash inflow and distributed $933 million back to investors via dividends and stock buybacks. According to CEO Matt Murphy, Marvell concluded the fiscal year with robust performance, particularly crediting their specialized AI chip initiatives that have moved into mass manufacturing as well as ongoing progress within their connectivity solutions range. Additionally, Murphy noted various fresh contract acquisitions, encompassing numerous bespoke semiconductor ventures, setting up the corporation for enduring expansion over the long term.
Overall MRVL ranks 1st Among billionaire Ken Fisher’s technology stock recommendations with significant growth prospects, we find MARVELL (MRVL) compelling. However, we lean towards believing that investments in artificial intelligence (AI) stocks offer better opportunities for substantial returns over a shorter period. An AI-focused company has seen gains year-to-date despite many prominent AI stocks dropping approximately 25% during the same time frame. Should you be interested in exploring an AI stock alternative to MRVL that boasts a price-earnings ratio below five, consider reviewing our detailed analysis available in our latest report. cheapest AI stock .
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Disclosure: None. This piece was initially published at Insider Monkey .
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