Bloomberg Surveillance · Wednesday, September 9, 2026
Jay Hatfield highlights Marvell Technology (MRVL) as a top pick, emphasizing a potential $120 billion revenue transaction with Google. Despite the stock's recent fluctuations, Hatfield projects $12 in earnings per share for 2029, suggesting a target price of at least $300. He believes the company, though smaller than NVIDIA, is well-positioned for significant long-term returns, especially as it benefits from the ongoing AI adoption across various industries.
“Well, that was first recommended on this show at less than $ 100 a share. And then we downgraded it. We got to $ 300 because Jensen Wong liked it. Then it went to $ 180. But the most critical thing is they did this transaction with Google with $ 120 billion of potential revenue. But this is a smaller company. It's not like NVIDIA.”
“But you're going to get in 29, we're estimating $ 12 of earnings. So it's at least a $ 300 stock. And with these rapidly growing companies, if you just hold them over two or three years, you're going to have fantastic returns.”