$AVGO up 22% in a few days. $MRVL up 27%. Both ripping hard off the lows.
These are textbook momentum bounces in AI infrastructure plays. When semi names move this fast after getting oversold, it usually means institutions are rotating back in ahead of earnings or guidance upgrades.
Both stocks were beaten down on macro fears and AI spending concerns, but the snapback is violent. $MRVL especially—custom AI chip exposure and data center buildout tailwinds are back in focus.
If you missed the initial move, wait for a pullback to support or a consolidation pattern. Don't chase vertical moves. But if these hold their gains and set higher lows, they're back in play for continuation.
Momentum is back in AI hardware. Watch for follow-through.
These are textbook momentum bounces in AI infrastructure plays. When semi names move this fast after getting oversold, it usually means institutions are rotating back in ahead of earnings or guidance upgrades.
Both stocks were beaten down on macro fears and AI spending concerns, but the snapback is violent. $MRVL especially—custom AI chip exposure and data center buildout tailwinds are back in focus.
If you missed the initial move, wait for a pullback to support or a consolidation pattern. Don't chase vertical moves. But if these hold their gains and set higher lows, they're back in play for continuation.
Momentum is back in AI hardware. Watch for follow-through.