Chip stocks continue to surge. Here’s how to buy into the trend for less
John Maynard Keynes famously said, “Markets can remain irrational longer than you can remain solvent.” That’s good advice for anyone looking to short chip stocks based simply on price action. I happen to like one surging chip stock in particular: Marvell Technology (MRVL). The AI infrastructure story is real, the custom silicon wins are real, and the […]
Why Broadcom is tumbling after an earnings beat — and how to play dip
Broadcom reported an earnings beat Thursday, driven by strong sales of its AI products and VMware software. But management’s guidance for the current quarter disappointed investors, sending shares of the chipmaker down nearly 7% in the after market. This is too harsh of a reaction to an otherwise solid print. Revenue increased 47% year over […]
How to make a longshot bet on this beat-up tech stock about to report
Within each sector there will be winners and losers…even technology this year. I’ll review a speculative options trade on one of those losers. Semiconductor companies such as Marvell, Broadcom, and Nvidia have been on a tear this year. However, some software and IT services companies could have done better. MongoDB Inc (MDB) is a perfect […]