According to recent reports, artificial intelligence (AI) is driving significant growth for many companies involved in the development and integration of this technology. Two prominent stocks that stand out in this sector are Marvell Technology (NASDAQ: MRVL) and The Trade Desk (NASDAQ: TTD).
Marvell Technology specializes in producing application-specific integrated circuits (ASICs) using advanced 3-nanometer and 5-nanometer process nodes for various industries like data centers, automotive, and telecommunications. The company’s AI business has been experiencing strong revenue growth, with expectations of surpassing $1 billion in fiscal 2025. Analysts predict that Marvell’s revenue could reach $7.31 billion by fiscal 2026, leading to potential market cap growth of 31% to $88 billion.
On the other hand, The Trade Desk operates a platform that utilizes AI to enable real-time ad inventory purchasing for marketers. The company has been outperforming the digital ad market, with a 23% increase in revenue to $1.95 billion in 2023. Analysts are optimistic about The Trade Desk’s growth potential, forecasting revenue of $3.57 billion in 2026, which could result in a market cap increase of 88% to $77 billion.
Both Marvell Technology and The Trade Desk are well-positioned to capitalize on the growing AI market, making them attractive investment opportunities for investors looking to benefit from the adoption of AI technology in various industries.
