Marvell Technology, Inc.
MRVL
Bullish$244.41+4.00%3D · 2026-09-14Predicted move
+4.00%Target $244.41
Actual move at settlement
-6.89%Confirmed close $218.82
Both measured from $235.01 on 2026-09-09 · Target close 2026-09-14
Direction missed
How this is scored
Direction correct: 50 points. Move error of up to 0.5 / 1 / 2 / 3 / 5 percentage points earns 50 / 45 / 35 / 25 / 10 magnitude points; larger errors earn 0. A wrong direction can still earn magnitude points. A flat close matches neither direction. Points are not returns.
Thesis
Fundamental: CEO Murphy (CNBC/Citi TMT week) lifted two-year revenue plan to ~$12B then ~$18B (~$30B combined vs prior ~$23.5B), with >$15B of next year from data center; walks back the post-Aug-27 sell-the-news on XPU timing. Investor Day Oct 6 is the next formal update. Technical: Sep 9 close $235.01 (+4.3%) on ~20M shares after reclaiming the ~$223 100-day EMA zone; day high $241.88 is first resistance, Bollinger mid ~$224.5 / upper ~$251.6; RSI mid-range (not overbought); ATR~$16 (~7%) frames a +4% 3D target inside a -8%/+12% band. Invalidation: daily close back under Sep 9 low $223.60 / 100DMA with expanding volume.
Chart
Reference chart may include later prices. Settlement uses the confirmed target-date close above.
Discussion
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