Kim Bolton Marvell Technology Group MRVL-Q BUY Jun 18, 2025

Interesting company. Big issue on semi demand is really the Chip Act, how it applies to China, and what it does to demand for everyone else. China will be looking to increase market share. You want bigger and better, so he'd probably rather own AVGO.

Good to buy at current levels. They last delivered a good quarter apart from one glitch with a customer.

The market didn't like their quarter and sold it, but it's wrong. He likes that the stock bounced at $60 and is up to $71 today.

Doesn't own because of the cyclical industry. If you get the timing right, can do very well. He likes companies with an economic moat such as TSM, and he's considering ASML.

System-on-a-chip architecture is very attractive to Edge AI. Memory business makes it a bit of a cyclical stock. 12-month price target of $90.50. The tech arena may not be frothy, but it isn't cheap, and this one is good value.

It hasn't recovered, unlike the bigger semis companies like NVDA. Not his favourite in this space. KLIC is much better, and both are the same trade.

The guidance disappointed, and he believes in the CEO, but prefers Nvidia.

Hardware. Exceptionally good at edge computing. Pretty close to price target of $75. He took profit yesterday, and bought FIG, SLR, OKLO, and some of the Mag 7.

Nice work! Has cornered the market on trading on the edge. Company was early in this area and so it has an edge, though that probably won't last forever. His 12-month price target is $102, higher than the average analyst. Almost fully priced. Still has good runway going into 2026, maybe into 2027, before someone can catch up.