Marvell Technology matched Wall Street's earnings target for its fiscal Q1 on slightly higher-than-expected sales. Marvell stock rose.

Mike Khouw happens to like one surging chip stock in particular: Marvell Technology.

Marvell Technology, Inc. (NASDAQ: MRVL) will release Q1 earnings on May 27. Analysts expect 79 cents per share, up from 62 cents last year. Stock rose 6.1% on Tuesday.