Semiconductor stocks have been among the hottest names in trade for a while. Marvell Technology (MRVL) stock is among the best of them in terms of returns, with shares having climbed 220% in the last 52-weeks.
Importantly, Bank of America has forecast that the total addressable market (TAM) for the semiconductor industry will likely double from $1.7 trillion in 2026 to $3.2 trillion by 2030. Given these estimates, it’s unsurprising to see MRVL stock surge higher.