Okay, so Marvell (MRVL +18.33%). Up almost 20% today. Fine. But does anyone really understand what they do? I mean, semiconductors. It’s just… layers. And then everyone’s talking about AI, like that’s going to solve everything. It’s a distraction, honestly. A shiny object. But, fine, they reported earnings. Apparently, that matters to some people.
The stock jumped, okay? Up over 18%. I saw it. It’s just… the way they present this information. Like it’s some kind of grand achievement. It’s a stock price. It goes up, it goes down. It’s not rocket science. Although, maybe it is semiconductors, so… never mind.
AI? Really?
Revenue was up 22% to $2.2 billion. Okay, good for them. But then they break it down. Data center revenue up 22%. Communications up 26%. Driven by “strong demand for AI-related offerings.” AI. There’s that word again. It’s like they just sprinkle “AI” on everything to justify the price. It’s insulting, frankly. And $1.7 billion for data centers? What is in those data centers? I don’t even want to know. Probably more AI.
The CEO, Matt Murphy, said something about “sequential growth across all key product lines.” Key product lines? What are those? Optical interconnects? Custom silicon? It sounds made up. Like he’s just stringing together buzzwords to impress people. And “switching” and “storage”? Everyone has switching and storage! It’s the baseline! It’s like saying, “We’ve achieved sequential growth in breathing!”
Adjusted net income climbed 29% to $685 million. Okay. And earnings per share increased 33% to $0.80. Boosted by stock buybacks. Stock buybacks! So they’re artificially inflating the price. It’s a shell game. A complete and utter shell game. And everyone’s cheering! It’s unbelievable.
Accelerating Growth? I Doubt It.
They’re expecting revenue of $2.4 billion next quarter, with adjusted earnings of $0.79 per share. Sure, okay. And Murphy says year-over-year revenue growth will “accelerate.” Accelerate to what exactly? To a bigger bubble? To a more elaborate scheme? I’m telling you, it’s all smoke and mirrors.
He claims it’s “driven by continued strength in our data center business.” Of course it is. It always comes back to the data centers. It’s a vicious cycle. And I’m stuck here watching it happen. I need a vacation. And a new broker. One who understands the inherent absurdity of it all.
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2026-03-07 02:33