I bought a partial position in MRVL around $206.

This is not because I believe the price cannot fall further.

It is because the daily EMA100 and the 0.618 Fibonacci retracement are converging near an area where the reward-to-risk has become more attractive for a small starter position.

Waiting for the perfect bottom usually means never buying at all.

But buying at support does not mean going all-in.

My plan is to enter gradually, keep the position small, and only add if price stabilizes or the daily structure begins to improve.

The fundamental thesis is also stronger than a simple “AI stock” narrative.

Marvell provides custom silicon, high-speed networking, optical connectivity, switching and other infrastructure used inside AI and cloud data centers.

Fiscal 2026 revenue reached a record $8.20 billion, up 42% year over year, largely driven by AI-related data-center demand. In the first quarter of fiscal 2027, revenue rose another 28% to $2.42 billion, with data-center revenue reaching approximately $1.83 billion.

Management also expects its custom-chip business to exceed $10 billion in annual revenue by fiscal 2029 as hyperscalers invest more heavily in specialized AI infrastructure.

That gives MRVL exposure to several long-term trends:

• Custom AI accelerators
• High-speed data-center networking
• Optical interconnects
• Growing hyperscaler infrastructure spending

However, a strong business does not automatically make every price attractive.

MRVL still carries risks from a demanding valuation, semiconductor cyclicality, competition, customer concentration and the possibility that AI infrastructure spending eventually slows.

That is why I bought only a partial position.

The fundamentals give me a reason to own it.

The technical level gives me a place to begin.

Risk management determines how much I buy.

Would you start building a position at major support, or wait for a confirmed reversal?

#MRVL #AIStocks #Investing