Micron is still a rock-solid investment, but it’s not the only cyclical chipmaker<\/a> that is evolving into a high-growth AI chipmaker. Another promising stock is Marvell (NASDAQ: MRVL), which has rallied more than 250% over the past 12 months and still has lots of room to run. <\/p>\n Why is Marvell becoming a high-growth AI chipmaker? <\/p>\n In the past, Marvell mainly produced Wi-Fi, Internet of Things (IoT), and mobile chips for consumer devices. But over the past decade, it stopped producing those cyclical, lower-margin chips and expanded its data center with big acquisitions and new product launches. <\/p>\n Today, Marvell generates most of its revenue from its data center business, which produces high-speed optical connectivity chips, custom application-specific integrated circuits (ASICs) for hyperscalers, Ethernet switches, and data processing units (DPUs) that combine CPUs, networking interfaces, and programmable data acceleration engines. <\/p>\n As the AI market<\/a> expands, more companies are upgrading their data centers with Marvell’s hardware to handle the latest AI applications. Nvidia (NASDAQ: NVDA) also invested $2 billion in Marvell earlier this year and more tightly integrated its own GPUs, CPUs, and DPUs with Marvell’s custom AI accelerators and networking chips through its NVLink platform. It’s also co-developing advanced optical interconnect and silicon photonics solutions with Nvidia to eliminate data-transfer bottlenecks in cloud and AI data centers. <\/p>\n How much higher can Marvell’s stock soar? <\/p>\n From fiscal 2026 (which ended this January) to fiscal 2029, analysts expect Marvell’s revenue and adjusted EBITDA to grow at CAGRs of 41% and 43%, respectively. It might seem a bit pricey at 19 times this year’s sales and 50 times its adjusted EBITDA, but its long-term growth potential justifies those higher valuations. So if you’re looking for an oft-overlooked AI chipmaker that could replicate Micron’s massive rally, Marvell might fit the bill. <\/p>\n Should you buy stock in Marvell Technology right now? <\/p>\n Before you buy stock in\u00a0Marvell Technology, consider this: <\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Marvell Technology\u00a0wasn’t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. <\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $418,761!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $1,195,804!* <\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by 4x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul. <\/p>\n See the 10 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of July 6, 2026. <\/p>\n Leo Sun<\/a> has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Marvell Technology, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. <\/p>\n