Marvell Technology (NASDAQ: MRVL) and Texas Instruments (NASDAQ: TXN) (TI) are both well-diversified chipmakers that serve a wide range of markets. Let's see why that happened, and if Marvell will continue to outperform TI for the foreseeable future. TI is an integrated device manufacturer (IDM) that produces its own chips.
The share prices of these companies could get a big boost thanks to the booming demand for AI chips.
Marvell Technology's (NASDAQ: MRVL) stock price has rallied over 40% so far this year even as the company grappled with the broader slowdown in the semiconductor market. It has also outperformed the PHLX Semiconductor Sector index's year-to-date gain of 33%.