The last few months have been kind to many chip stocks, with Maxim (NASDAQ:MXIM), Marvell (NASDAQ:MRVL), and Nvidia (NASDAQ:NVDA) all logging double-digit returns. Marvell's run actually goes quite a bit further back, as the shares have more than doubled from their late 2012 lows. As Marvell has grown share in the hard drive controller space and announced LTE wins in China, investors have returned to the shares despite worries about a looming patent infringement award and the prospects of competing with Qualcomm (NASDAQ:QCOM).
The sell-side seems to be getting more cautious about suppliers to the high-end smartphone market, but that's not really Marvell's core market. Although I own and prefer Broadcom (BRCM),...
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