Marvell Technology Inc

MRVL remains in a Stage 2 advancing regime with clear higher highs and higher lows, holding above its rising 9EMA/20EMA and trading near the 236 resistance area. Momentum indicators are neutral-to-positive with no exhaustion visible, supporting a medium-term bullish bias and justifying a Buy Now participation in the breakout.

• ↑Q2 data center sales rose 46% YoY to $2.17B, representing 79% of total revenue.
• ↑Adj. EPS of $0.94 versus $0.93 est; revenue $2.74B topped $2.71B forecast.
• ↓Negative earnings yield and dividend yield indicate limited return potential.