A chip stock jumps 11.7% as AI demand drives a guidance boost

Chipstocks continue to lead market activity this month, with an AI-powered stock-picking engine highlighting one standout performance. Marvell Technology (NASDAQ:MRVL) experienced a significant jump of approximately 11.7% since September 1, positioning it as one of the top month-to-date performers in Investing.com's US Strategies book.

This surge resulted from Marvell's guidance boost following CEO Matt Murphy's insightful interview with CNBC's Jim Cramer, where he raised the company's revenue forecasts. The tech titan now anticipates $12 billion in 2026 revenue, up from the previous $10 billion estimate, and $18 billion in 2027, an improvement over the prior $13.5 billion projection.

Murphy emphasized Marvell's pivotal role in the AI compute market, with its infrastructure capable of working with major hyperscalers and GPU/XPU platforms. Additionally, Marvell recently confirmed a warrant agreement with Alphabet, which could provide Google with up to a 6.5% stake if the partnership's cumulative revenue reaches $120 billion.

Marvell's AI data-center offerings will be showcased at the upcoming AI Infra Summit 2026. Wall Street reacted quickly, with Craig-Hallum raising its price target to $300, B. Riley confirming a Buy rating at $315, and the overall consensus rating being Buy, with an average target of around $296, roughly 26% above the current stock price.

Even though Marvell has reached a 52-week high near $330, the stock has still surpassed the 160% year-to-date gain and more than tripled since hitting its 52-week low of $65, resulting in a market cap of approximately $206 billion. Marvell is not the only standout in the Tech Titans portfolio; 12 out of the 15 holdings have increased in value this month, reflecting an equal-weighted average gain of 6.03%, giving it a 5.96-point advantage over the S&P 500, the best out of any US strategy tracked by Investing.com.