We recently published a list of 13 Best NASDAQ Stocks to Buy So Far in 2025. In this article, we are going to take a look at where Marvell Technology Inc. (NASDAQ:MRVL) stands against other NASDAQ stocks to buy in 2025.

On April 4, Wedbush analyst Dan Ives appeared on CNBC to discuss the potential impact of current tariffs and compared the situation to an economic armageddon. If the current tariffs remain in place, Ives thinks it would lead to a 15% to 20% demand reduction across the board. He thinks that investor anxiety is much higher considering how things were in the March 2020 COVID-19 crash earlier. The analyst thinks that investors should now focus on the likelihood of tariff adjustments from comments about negotiations, the impact on consumer-focused companies, and the potential for demand destruction. He even thinks that companies may refuse to provide guidance in the first-quarter earnings calls due to the persistent tariff uncertainty.

Ives thinks that a lot of tech companies will not be able to absorb high tariff increases and rather this cost will be passed on to the consumers which will lead to significant margin erosion and even potential sales declines. He indicated that tech stocks are currently pricing in a 10% to 15% cut to numbers. He suggests that investors should now look at companies with strong long-term potential as he believes earnings may normalize in 2025 and 2026. The analyst also addressed the defensive performance of defense contractors. While acknowledging the relative stability here, Ives cautioned that even these even such sectors are not immune to tariffs. He noted the significant foreign component, specifically 40% to 50% in some instances, in hardware and other sectors.

Our Methodology

We sifted through the financial media reports to compile a list of the top NASDAQ stocks to buy for 2025. We then selected the 13 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey’s database which tracks the moves of over 900 elite money managers.

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 373.4% since May 2014, beating its benchmark by 218 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: 105

Marvell Technology Inc. (NASDAQ:MRVL) provides data infrastructure semiconductor solutions, that range from the data center core to the network edge. It develops and scales SoC architectures, and integrates analog, mixed-signal, and digital signal processing functionality. Its portfolio includes products like ethernet solutions, single or multiple-core processors, and custom application-specific integrated circuits.

On March 17, Harlan Sur from JP Morgan reaffirmed a Buy rating on the company with a $130 price target due to its strong AI/cloud segment performance. The company’s collaboration with AWS further strengthened this market position. This will provide AWS with customized, high-performance chips (ASICs) for next-gen  XPUs that are crucial for cloud computing.

The company is actively investing in technologies like 1.6T PAM DSPs and 2-nanometer silicon IP, which are needed by next-gen data center interconnects for AI and cloud computing. The company’s data center segment improved by 78% year-over-year in FQ4 2025. For the full fiscal year 2025, this revenue surged by 88%, with the company exceeding its $1.5 billion AI revenue target. Marvell Technology Inc. (NASDAQ:MRVL) now aims to make over $2.5 billion in the full fiscal year 2026.

Overall, MRVL ranks 11th on our list of the best NASDAQ stocks to buy so far in 2025. While we acknowledge the growth potential of MRVL, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MRVL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.