Micron and Marvell Pull Back Sharply After AI-Driven Rallies

Price Action
โดย Zacks Investment Research·Read original
Summary · why it matters

Micron Technology and Marvell Technology have both pulled back sharply after more than tripling from their spring lows, with Micron now more than 20% below its recent high and Marvell down more than 35%. Micron benefited from surging demand for high-bandwidth memory, a critical AI component, while Marvell rallied on growth across custom silicon, interconnects, and optical networking, and a comment from Nvidia CEO Jensen Huang identifying it as a potential future trillion-dollar company. Despite the declines, both rallies were supported by genuine business growth, with Micron reporting fiscal Q3 2026 non-GAAP earnings of $25.11 per share, up over 1,200% year-over-year, and Marvell posting fiscal 2026 revenue of $8.2 billion, up 42%. Zacks Investment Research notes that Micron is approaching a potentially attractive setup near support, while Marvell likely needs more time to stabilize given its more serious momentum breakdown and valuation above 50 times forward earnings. Investors are advised to watch Micron for signs of support holding and to wait for Marvell to form a credible base before considering entry.

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