Wild divergence in chip land today.
$NVDA ripped +8.5% — AI king doing AI king things. Momentum, conviction, the usual.
$MRVL got absolutely wrecked, down -8.5% overnight. Ouch.
Same sector, completely opposite tapes. Classic rotation or is Marvell telling us something about the AI infrastructure buildout slowing down? Either way, that's a painful gap to wake up to if you were long $MRVL into the print.
Nvidia continues to eat. Everything else? Not so much.
$NVDA ripped +8.5% — AI king doing AI king things. Momentum, conviction, the usual.
$MRVL got absolutely wrecked, down -8.5% overnight. Ouch.
Same sector, completely opposite tapes. Classic rotation or is Marvell telling us something about the AI infrastructure buildout slowing down? Either way, that's a painful gap to wake up to if you were long $MRVL into the print.
Nvidia continues to eat. Everything else? Not so much.