Jim Cramer Labels Fortinet as the 'Most Vulnerable' Cybersecurity Stock, Preferring These Two Alternatives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2025
0mins
Source: Benzinga
Expert Recommendations: Jim Cramer advises against investing in Fortinet, recommending Palo Alto Networks and CrowdStrike instead, while Morgan Stanley downgraded Fortinet's stock. He also suggests buying Dell Technologies over Super Micro Computer due to ongoing accounting issues.
Market Performance: Fortinet shares rose slightly, while Super Micro Computer shares fell. Marvell Technology reported earnings that beat estimates but missed revenue expectations, leading to a 4.2% increase in its stock price.
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Analyst Views on MRVL
Wall Street analysts forecast MRVL stock price to fall
30 Analyst Rating
22 Buy
8 Hold
0 Sell
Moderate Buy
Current: 190.690
Low
85.00
Averages
120.12
High
156.00
Current: 190.690
Low
85.00
Averages
120.12
High
156.00
About MRVL
Marvell Technology, Inc. together with its consolidated subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. It is engaged in the design, development and sale of integrated circuits. Its product offerings include custom application-specific integrated circuits (ASICs), interconnects, ethernet solutions, fiber channel adapters, processors and storage controllers. In addition, it is also developing Ultra Accelerator LinkTM (UALinkTM) switches and ethernet for scale-up networking (ESUN) switches for the emerging scale-out artificial intelligence market. Its solutions integrate multiple analogs, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and its system knowledge to provide its customers with integrated solutions for their end products. It designs and manufactures photonic integrated circuits for ultra-high-bandwidth and low-power applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AI Chip Market Growth Accelerates for Arm, Marvell, and AMD
- Market Share Shift: Arm, Marvell, and AMD are gaining greater influence in the AI chip market, with projected earnings growth expected to surpass Nvidia, reflecting an increasing investor focus on these companies amid a surge in AI infrastructure investments.
- Server CPU Market Outlook: AMD anticipates a 35% annual growth in the server CPU market, generating over $120 billion in revenue by 2030, highlighting the significant impact of AI on its market expectations while also gaining market share from Intel.
- Arm's Design Advantage: Arm's chips are in high demand due to their energy efficiency, with Nvidia's latest Vera server CPUs utilizing Arm's architecture, indicating Arm's growing importance in the market, and it expects total revenue to rise to $25 billion within five years.
- Marvell's Custom Chips: Marvell is set to benefit from the increasing demand for ASICs in AI data centers, with plans to launch new custom AI chips in the coming years, thereby accelerating its growth rate and further solidifying its market position.
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Nvidia Faces Challenges in AI Chip Market
- Market Share Analysis: Nvidia controls approximately 80% of the AI chip market, yet its stock has lagged behind peers, indicating investor interest in other companies poised to capitalize on AI infrastructure investments.
- Rival Emergence: Companies like AMD, Marvell, and Arm are excelling in inference workloads within AI data centers, with projected earnings growth expected to surpass Nvidia, reflecting market preference for their chip architectures.
- Growth Expectations: AMD anticipates a 35% annual growth rate in the server CPU market, projecting over $120 billion in revenue by 2030, highlighting AI's role in boosting its market share.
- Impact of Technological Shift: Arm and Marvell are leveraging the shift towards ASICs, with Marvell planning to launch new custom AI chips in the coming years, further solidifying their market positions.
See More
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- Stock Price Fluctuation: Nvidia's stock fell despite reporting impressive quarterly results, indicating investor concerns about sustaining growth momentum after a 600% increase over the past three years.
- Rise of Custom Chips: As major tech companies recognize the advantages of custom semiconductors for specific AI models, demand for companies like Marvell and Broadcom is increasing, with Broadcom's sales of custom integrated circuits doubling to $8.4 billion in Q1.
- Market Share Advantage: Taiwan Semiconductor holds a 70% market share in global processor manufacturing and an impressive 90% in advanced AI processors, with Q1 sales surging 41% to $35 billion and net income jumping 58% to $3.49 per share.
- Future Investment Potential: Custom ASIC processors are projected to grow by 45% by 2030, compared to a mere 15% growth rate for GPUs, presenting significant upside potential for Marvell, Broadcom, and TSMC as investors look to capitalize on the next wave of AI hardware.
See More
Custom Processors Drive AI Market Growth
- Surging AI Demand: Marvell and Broadcom's custom processors are witnessing a surge in AI demand, with Broadcom's first-quarter sales reaching $8.4 billion, doubling year-over-year, indicating robust market demand and customer confidence.
- Expanded Client Collaborations: Alphabet has signed a deal with Broadcom to expand its AI data center's Tensor Processing Units (TPUs) designs through 2031, highlighting the increasing reliance of major tech companies on custom chips.
- TSMC's Market Leadership: Taiwan Semiconductor Manufacturing Company (TSMC) holds a 70% market share in global processor manufacturing, with projected sales growth of 30% in 2026, underscoring its critical role in AI hardware demand.
- Custom Chip Growth Potential: Custom ASIC processors are expected to grow by 45%, compared to a mere 15% growth rate for GPUs, indicating that Marvell, Broadcom, and TSMC could see significant gains in the upcoming AI hardware wave.
See More
Wall Street Trading Week Outlook and Focus
- Salesforce Earnings Outlook: Salesforce is set to report earnings on Wednesday, with market concerns about its AI business still prevalent; analysts expect revenue of $11.05 billion and EPS of $3.12, and strong revenue growth could alleviate worries about slowing growth in its legacy business.
- Costco Membership Renewal Challenges: Costco will report earnings on Thursday, with expected revenue of $69.73 billion and EPS of $4.93; while high oil prices may pressure profit margins, its membership model and bulk selling strategy are likely to attract consumers, especially during periods of rising gas prices.
- Economic Data Focus: The personal consumption expenditures (PCE) price index will be released on Thursday, with a year-over-year increase expected at 3.8% and a core increase of 3.3%, which will influence the Federal Reserve's rate hike decisions, leaving the market uncertain about future rate changes.
- Investor Conference Season: This week marks the start of investor conference season, with Boeing, Johnson & Johnson, and others attending the Bernstein Strategic Decisions Conference, where analyst questions may reveal insights into market perceptions of company futures, making it a key event to watch.
See More
ASIC Chips Lead Transformation in AI Market
- Market Leaders Emerge: Goldman Sachs predicts that by 2027, AI-driven demand for ASICs will match that of GPUs, indicating a rapid rise in the ASIC market that is boosting performance for companies like Broadcom and Marvell.
- Broadcom's Revenue Surge: Broadcom reported Q1 AI revenue of $8.4 billion, a 106% year-over-year increase that exceeded forecasts, reflecting strong demand for custom AI accelerators and networking, solidifying its 60% market share in custom processors.
- Marvell's Technology Expansion: Marvell's custom chip business doubled last fiscal year, with expectations for continued growth in 2026, showcasing its competitiveness and market potential in AI hardware, particularly through partnerships with Google and Microsoft.
- Investor Confidence Grows: Despite high stock prices, analysts remain optimistic, citing ongoing demand for AI computing hardware as a driver for long-term growth, encouraging investors to seize this long-term investment opportunity.
See More
AI Chip Market Growth Accelerates for Arm, Marvell, and AMD
- Market Share Shift: Arm, Marvell, and AMD are gaining greater influence in the AI chip market, with projected earnings growth expected to surpass Nvidia, reflecting an increasing investor focus on these companies amid a surge in AI infrastructure investments.
- Server CPU Market Outlook: AMD anticipates a 35% annual growth in the server CPU market, generating over $120 billion in revenue by 2030, highlighting the significant impact of AI on its market expectations while also gaining market share from Intel.
- Arm's Design Advantage: Arm's chips are in high demand due to their energy efficiency, with Nvidia's latest Vera server CPUs utilizing Arm's architecture, indicating Arm's growing importance in the market, and it expects total revenue to rise to $25 billion within five years.
- Marvell's Custom Chips: Marvell is set to benefit from the increasing demand for ASICs in AI data centers, with plans to launch new custom AI chips in the coming years, thereby accelerating its growth rate and further solidifying its market position.
See More
Nvidia Faces Challenges in AI Chip Market
- Market Share Analysis: Nvidia controls approximately 80% of the AI chip market, yet its stock has lagged behind peers, indicating investor interest in other companies poised to capitalize on AI infrastructure investments.
- Rival Emergence: Companies like AMD, Marvell, and Arm are excelling in inference workloads within AI data centers, with projected earnings growth expected to surpass Nvidia, reflecting market preference for their chip architectures.
- Growth Expectations: AMD anticipates a 35% annual growth rate in the server CPU market, projecting over $120 billion in revenue by 2030, highlighting AI's role in boosting its market share.
- Impact of Technological Shift: Arm and Marvell are leveraging the shift towards ASICs, with Marvell planning to launch new custom AI chips in the coming years, further solidifying their market positions.
See More
Nvidia Stock Pullback as Custom Chips Rise
- Stock Price Fluctuation: Nvidia's stock fell despite reporting impressive quarterly results, indicating investor concerns about sustaining growth momentum after a 600% increase over the past three years.
- Rise of Custom Chips: As major tech companies recognize the advantages of custom semiconductors for specific AI models, demand for companies like Marvell and Broadcom is increasing, with Broadcom's sales of custom integrated circuits doubling to $8.4 billion in Q1.
- Market Share Advantage: Taiwan Semiconductor holds a 70% market share in global processor manufacturing and an impressive 90% in advanced AI processors, with Q1 sales surging 41% to $35 billion and net income jumping 58% to $3.49 per share.
- Future Investment Potential: Custom ASIC processors are projected to grow by 45% by 2030, compared to a mere 15% growth rate for GPUs, presenting significant upside potential for Marvell, Broadcom, and TSMC as investors look to capitalize on the next wave of AI hardware.
See More
Custom Processors Drive AI Market Growth
- Surging AI Demand: Marvell and Broadcom's custom processors are witnessing a surge in AI demand, with Broadcom's first-quarter sales reaching $8.4 billion, doubling year-over-year, indicating robust market demand and customer confidence.
- Expanded Client Collaborations: Alphabet has signed a deal with Broadcom to expand its AI data center's Tensor Processing Units (TPUs) designs through 2031, highlighting the increasing reliance of major tech companies on custom chips.
- TSMC's Market Leadership: Taiwan Semiconductor Manufacturing Company (TSMC) holds a 70% market share in global processor manufacturing, with projected sales growth of 30% in 2026, underscoring its critical role in AI hardware demand.
- Custom Chip Growth Potential: Custom ASIC processors are expected to grow by 45%, compared to a mere 15% growth rate for GPUs, indicating that Marvell, Broadcom, and TSMC could see significant gains in the upcoming AI hardware wave.
See More
Wall Street Trading Week Outlook and Focus
- Salesforce Earnings Outlook: Salesforce is set to report earnings on Wednesday, with market concerns about its AI business still prevalent; analysts expect revenue of $11.05 billion and EPS of $3.12, and strong revenue growth could alleviate worries about slowing growth in its legacy business.
- Costco Membership Renewal Challenges: Costco will report earnings on Thursday, with expected revenue of $69.73 billion and EPS of $4.93; while high oil prices may pressure profit margins, its membership model and bulk selling strategy are likely to attract consumers, especially during periods of rising gas prices.
- Economic Data Focus: The personal consumption expenditures (PCE) price index will be released on Thursday, with a year-over-year increase expected at 3.8% and a core increase of 3.3%, which will influence the Federal Reserve's rate hike decisions, leaving the market uncertain about future rate changes.
- Investor Conference Season: This week marks the start of investor conference season, with Boeing, Johnson & Johnson, and others attending the Bernstein Strategic Decisions Conference, where analyst questions may reveal insights into market perceptions of company futures, making it a key event to watch.
See More
ASIC Chips Lead Transformation in AI Market
- Market Leaders Emerge: Goldman Sachs predicts that by 2027, AI-driven demand for ASICs will match that of GPUs, indicating a rapid rise in the ASIC market that is boosting performance for companies like Broadcom and Marvell.
- Broadcom's Revenue Surge: Broadcom reported Q1 AI revenue of $8.4 billion, a 106% year-over-year increase that exceeded forecasts, reflecting strong demand for custom AI accelerators and networking, solidifying its 60% market share in custom processors.
- Marvell's Technology Expansion: Marvell's custom chip business doubled last fiscal year, with expectations for continued growth in 2026, showcasing its competitiveness and market potential in AI hardware, particularly through partnerships with Google and Microsoft.
- Investor Confidence Grows: Despite high stock prices, analysts remain optimistic, citing ongoing demand for AI computing hardware as a driver for long-term growth, encouraging investors to seize this long-term investment opportunity.
See More
