Marvell leads AI connectivity rally as chip momentum broadens

Original Insight Summary

$BTC weakness looks like a leverage flush, not random panic. Buyers stepped back, leverage stayed high, ETF flows flipped negative, and the break of $70K forced sellers out. This is a potential bottoming zone, but the market needs proof: reclaim $70K, or downside risk stays live. 1
$BMNR selloff makes sense because the market was not pricing it as simple $ETH beta. It was pricing a Tom Lee-led ETH treasury as a possible $MSTR-style flywheel. That setup works when $ETH is strong and mNAV expands; it breaks when ETH drops and ETF flows weaken. 2

The AI trade is getting crowded. $MRVL ripping, $MU breaking $1,000, and $AVGO, $NVDA, $AMD, $ARM, $TSM, $SMCI, $HPE, $VRT, $DELL, $ORCL, $PLTR, $CRWV all staying in the momentum tape creates a classic split: late buyers feel they missed it, while momentum chasers keep pressing. 3
$MRVL has a credible path into the “next trillion-dollar company” conversation because it sits in one of the biggest AI buildout bottlenecks: networking. The bull case is that Marvell becomes the connective tissue of the AI factory, not just another chip name riding hype. 4
Jensen Huang barely mentioned optics at GTC, but shifted the spotlight to “connectivity” at Marvell’s event and said $MRVL could reach a $1 trillion market cap. That comment lit up Marvell and spilled over into optical/connectivity names like $AAOI, $LITE, $NOK, $SIVE. 5

$AVAV is basing after the 5-28-2026 gap-up. The ideal setup is simple: the gap holds. Stops are structured around “no green-to-red,” with different levels of breathing room depending on entry and risk. 6
$DHR failed its 50ma test and pulled back to the 10ema, but the bull flag base remains intact. Recent buy volume versus sell volume keeps the setup constructive; the basing and slight pullback still look like normal action rather than a broken chart. 7
$MOS is forming a bull flag after multiple up days, exactly the kind of digestion expected after a strong move. The trade is behaving properly: basing and flagging are healthy, with “no green-to-red” stops placed at varying distances. 8
$WFC is showing a base breakout with price back over the 50ma. Clean technical improvement, even if still just a chart-scroll observation rather than a fully developed trade plan. 9
$ITW caught attention because it is sitting in a wedge, with yesterday’s potential reversal candle now confirmed. That puts the chart into a watchable reversal setup. 10

New high-quality setups are scarce, so $CCK, $PNR, $PCAR only go to the homework list for now. The process stays disciplined: scroll first, then homework, then watchlist, then trade only after the setup proves itself. 11