Group 1 - Morgan Stanley anticipates that Marvell Technology (MRVL.US) may provide better-than-expected earnings guidance in light of the recent divestiture of its Automotive Ethernet business and market concerns regarding Amazon's Trainium chips [1] - Marvell is set to announce its Q2 FY2026 financial results on August 28, with market expectations of adjusted earnings per share at $0.67 and revenue at $2.01 billion [1] - The Automotive Ethernet business was sold to Infineon for $2.5 billion, which is expected to contribute $225 million to $250 million in revenue for FY2026 [1] Group 2 - Analyst Joseph Moore from Morgan Stanley expects the optical business to show upward potential this quarter, and despite slightly lowering expectations post-divestiture, anticipates a positive earnings outlook excluding that impact [1] - AI business revenue is projected to be $876 million for the July quarter (up 6.6% quarter-over-quarter) and $955 million for the October quarter (up 9.0% quarter-over-quarter), with dedicated integrated circuits (ASICs) showing rapid growth [1] - Moore believes that the optical business may outperform expectations due to strong AI growth momentum, and it is viewed as more robust and sustainable than ASIC business, which is expected to steadily reach $2 billion in revenue this year [1] Group 3 - Regarding Micron Technology (MU.US), Morgan Stanley predicts negative sentiment in the coming quarters, particularly concerning HBM 3e high-bandwidth memory pricing, which is expected to reset with at least one customer, NVIDIA (NVDA.US), committing to pricing for the entire year of 2025 [2] - Despite the negative market sentiment, HBM is expected to maintain a meaningful premium over DDR5, although the premium is anticipated to narrow [2]