Marvell (MRVL) bouncing back harder than expected? Thoughts on this recent
I just noticed the MRVLON/USDT trend on BYDFI, and it looks more resilient than other semiconductor stocks today. While other chip stocks are still sluggish after their recent sharp declines, Marvell seems to have found a solid bottom around $165 and quickly rebounded to the $181-$182 range. Seeing a 9% gain in 24 hours is quite interesting, especially considering their current high sensitivity to data center spending. I'm wondering if this is just a technical oversold bounce, or if the market is finally digesting the positive news about custom ASIC chips from large cloud service providers. Looking at the large volume green bars at the end of the chart, this rally does have financial support. Is anyone riding this rebound? Or are you planning to wait for it to break through $185 before entering the market?