What Is One of the Best Artificial Intelligence (AI) Stocks to Buy Now?
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Marvell Technology (MRVL) is highlighted as a strong AI stock due to its rapid growth in the semiconductor sector, with a 58% revenue increase year-over-year. The company focuses on data center components, which now account for 75% of its business. Analysts project a 33% annual earnings growth, and the stock is valued at 26 times next year's earnings estimate, suggesting potential for significant price appreciation in the next three years.
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