Marvell also provides electro-optical products, including pulse amplitude modulations, coherent digital signal processors, laser drivers, trans-impedance amplifiers, silicon photonics and data center interconnect solutions; fiber channel products comprising host bus adapters and controllers; single or multiple core processors; storage controllers for hard disk drives and solid-state-drives; and host system interfaces, including serial attached SCSI, serial advanced technology attachment, peripheral component interconnect express, non-volatile memory express (NVMe) and NVMe over fabrics.
The company is modeling a stunning $400 million in AI sales this year and $800 million in 2024. Its Computing and AI applications have now grown to become the single largest revenue driver and opportunity for Marvell’s cloud-optimized silicon platform.
The Jefferies target price is $82, well above the consensus target of $69.80. On Tuesday, Marvell Technology stock closed at $65.93.
Nvidia
This top company is making the chips that supply the incredible computing power required to run complex AI applications. Nvidia Corp. (NASDAQ: NVDA) provides graphics and computing and networking solutions in the United States, Taiwan, China and elsewhere.
Its Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/Nvidia RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
Its Compute & Networking segment provides data center platforms and systems for AI, HPC and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and Nvidia AI Enterprise and other software.
The company’s products are used in gaming, professional visualization, data center and automotive markets. It sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups and other ecosystem participants.
Nvidia stock has a $500 target price at Jefferies, about the same as the $499.98 consensus target. The shares closed at $465.07 on Tuesday.
Artificial intelligence is here to stay, and heated discussion about the pros and cons of the industry and the multitude of applications and solutions that can and will be provided will continue. Elon Musk founded OpenAI in 2015, left the board in 2018 and has cut ties with the company. He has had some harsh words about some of the “woke” issues arising from the technology and is working on his own AI to rival the company. That proves that we are still in the formative years, and big money will be made well into the future.
Originally published at 24/7 Wall St.
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