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Shares of chipmaker Marvell Technology (MRVL) - Get Marvell Technology, Inc. Report  fell Tuesday after Needham removed the semiconductor maker from its conviction list, replacing it with Vicor (VICR) - Get Vicor Corporation Report , which analyst N. Quinn Bolton sees having "more near-term upside."

In a note to clients, Bolton said he expects the U.S. government's efforts to discourage the use of Huawei's 5G infrastructure equipment will put a dent in Marvell's earnings, in turn taking away from "some incremental upside to Marvell's 5G revenue, as its customers may not gain market share against Huawei." 

However, he maintained his one-year price target on the stock at $28, noting that Marvell remains "the best play on the adoption of 5G wireless infrastructure in our coverage universe over the next couple of years."

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The downgrade follows a rough quarter for Bermuda-based Marvell, which has seen its stock price swoon on lower earnings guidance amid the ongoing U.S.-China trade war, specifically export restrictions on Huawei, which it says has dented its core chip-making business.

Marvell stock was down 4.43%, to $23.43 in trading Tuesday on the Nasdaq Stock Market. Shares of Vicor, meantime, were up 3.13% o $31.34.

Marvell is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells MRVL? Learn more now.