Predicting MRVL's next major resistance test by end of Q2
由原文自动翻译 · 阅读原文 (English)
Considering $MRVL's recent momentum, closing at 234.33 today after a solid 5.54% jump, and having touched 240.18 intraday, I'm thinking about the probability of it retesting its all-time highs around 260-265 before the end of Q2. Earnings are still a bit out, but the sector seems to be finding its footing. My rough odds for seeing $MRVL hit or exceed 255 by June 30th are about 60%. The underlying demand for AI-related infrastructure chips, which $MRVL is heavily involved in, doesn't seem to be slowing, and while today's move was strong, it feels like there's still some room for upward revision on growth forecasts. The risk, of course, is a broader market pullback or any sudden competitor news, but the trend looks favorable for now.