Why Marvell Technology Could Be the Next Hot 5G Stock

Marvell Technology stock was down in the dumps last year. But it made a remarkable comeback after the company's fourth-quarter results came out in early March. Marvell had given clear indications that its 5G business was about to take off this year. According to CEO Matthew Murphy on the company's March conference call with analysts: "Our design win momentum continues in 5G, and we recently announced a significant long-term partnership with Samsung to deliver multiple generations of embedded processors and baseband processors for both LTE and 5G base stations. We expect shipments of our 5G products to start to ramp toward the end of the fiscal year 2020 and continue to grow rapidly into fiscal 2021 and beyond." However, don't be surprised to see Marvell's 5G shipments start to climb earlier than expected thanks to an earlier-than-anticipated deployment of 5G networks.