Marvell stock gets a wave of target hikes as analysts bet on AI growth, though valuation concerns keep Wall Street divided.

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.