Marvell and Trade Desk Poised for Significant Growth Thanks to AI Focus
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Marvell Technology is benefiting from demand for its custom AI chips from cloud service providers. Its AI revenue is growing rapidly and could exceed $1 billion this fiscal year.
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The market for advanced application-specific integrated circuits that Marvell specializes in is predicted to grow 20% annually thanks to AI, suggesting significant growth potential.
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The Trade Desk operates an advertising platform that utilizes AI to help advertisers purchase ad inventory efficiently. It aims to be an "ad tech AI leader."
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The Trade Desk's revenue grew 23% last year, faster than the overall digital ad market, aided by its AI-powered platform. Growth could accelerate further.
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Analysts predict strong revenue growth for The Trade Desk in coming years, which could boost its market cap 88% if valuation holds steady. Its AI focus helps it gain market share.