The computer chip business is starting to look boring. And that should excite investors. Given surging free cash flow and steadier revenue, there is less need for investment, which means more money can be returned to shareholders.

Against this backdrop, shares of Marvell Technology Group (ticker: MRVL) could rise 50% over the next year, argues RBC Capital Markets in a new report. Six others have at least 30% upside: Broadcom (BRCM),…