Chart of the Day: Despite Volatility, Marvell Remains Attractive
The stock has been weathering the storm of the semiconductor group well.
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While the entire semiconductor group was rising it was hard to pick a favorite name, but, no question, Marvell Technology (MRVL) has performed extremely well. In fact, one could make the case that this stock is the best of the bunch, having risen more than 100% in 2026 and currently residing just below historical highs.
Marvell has been a favorite in the AI realm of investors but as the company continues to cut deals and gain investments from large companies it will move forward and rise with the inevitable changes that come from AI adoption.
Next week Marvell releases earnings from its most recently completed quarter and there is excitement over these numbers. The problem investors may encounter: Has the stock moved too much and already priced in a strong report? But that is always the issue when a stock moves like Marvell has over the last six weeks.
The technicals have slowed down considerably. MACD has rolled over and so has stochastics, but this is more like the stock taking a needed rest. Candles are still teal or blue, indicating bullishness on the price chart.
Money flow remains strong but has also slowed down. Perhaps a bit more churning before Marvell reports to weed out the weak hands, then a strong report and the stock makes a run at $200. That is how we are playing it.
We like Marvell in TheStreet Pro Portfolio and rate it a Two, or “stockpile on pullbacks.”
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At the time of publication, TheStreet Pro Portfolio was long MRVL.
