Semiconductor stocks have been on a strong run, and the artificial intelligence (AI) data-center spending boom is a big reason why. Bank of America now sees the industry’s addressable market reaching $2.7 trillion by 2030, up from its earlier $2.3 trillion forecast. That would mean a 28% annual growth rate from 2025.
Marvell Technology (MRVL) has been one of the biggest winners of the semiconductor space, with MRVL stock up 203% over the past 52 weeks and up more than 196% in 2026. That is well ahead of the S&P 500 ($SPX), which has gained 16% over the past year and 12% so far in 2026.
