Intel, Arm, and Marvell Have Each Been Cut in Half Since June. Only 1 Is a Stock I'd Buy Now.
All three chip stocks are more than half off their peaks. Only one expects its sales growth to keep speeding up.
Intel, Arm Holdings, and Marvell Technology all recorded record closes in June but have since lost around 50-60% of their value. As of Nov. 4, Intel closed at $58.27, down 59% from its June high of $140.94, Arm ended at $191.80, 56% below its June 18 record, and Marvell finished at $159.80, 50% under its June 4 close. Investors are wondering if Democrats' midterm wins might slow artificial intelligence data center expansion, especially after Texas elected a governor who backed a moratorium.
Despite these concerns, Marvell is the only one of the three stocks expected to see continued sales growth, and the author recommends buying Marvell stock, citing its favorable price-to-earnings ratio compared to Intel and Arm.
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