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MRVL: Is the AI premium getting a bit... frothy?
Seeing $MRVL up another +5.54% today at 234.33, after yesterday's run and trading between 226.89 and 240.18, you have to wonder if the market's enthusiasm for anything touching AI is starting to outrun the underlying fundamentals. I get the story, and they've certainly carved out a solid niche, but at some point, even the best narrative needs to be supported by cold, hard numbers that aren't projected five years out. It feels like we're pricing in absolute perfection and then some. Change my mind, because I'm genuinely curious if I'm missing a critical piece of the bullish thesis here beyond just 'AI is hot.'
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It's not just MRVL; the whole sector feels like it's pricing in perfection for the next five years. Revenue growth needs to be astronomical to justify some of these valuations, and while AI is big, I'm not sure it's that big for everyone.