Micron Technology (MU) and Marvell Technology (MRVL) experienced significant stock price increases, more than tripling from their lows between late March and early July, as strong demand for AI infrastructure materials drove their growth. Micron reported a staggering 1,200% increase in earnings per share to $25.11 in fiscal Q3 2026 and projected Q4 revenue of approximately $50 billion. Conversely, Marvell’s fiscal 2026 revenue rose 42% to a record $8.2 billion, driven by an 88% growth in data-center revenue.
Following these extraordinary runs, both stocks faced sharp declines, with Micron down over 20% and Marvell falling more than 35% from their recent highs. Analysts suggest that while Micron may be approaching a buying opportunity due to its strong earnings momentum and higher-than-expected pricing power in the memory sector, Marvell is considered less favorable due to its more significant valuation risks and recent technical breakdowns.
Despite current market volatility, the AI infrastructure boom remains intact, although investors are advised to be cautious. Micron is viewed as the stock to watch closely near support levels, while Marvell requires a longer period of monitoring for stability before any investment decisions.
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