Core Viewpoint - Market sentiment has turned bullish as global trade fears subside, leading investors to focus on AI chip providers like Marvell Technology and Micron Technology [1] Company Overview - Marvell specializes in custom networking chips for AI infrastructure, while Micron focuses on memory and storage solutions, including high-bandwidth memory and advanced DRAM [2] Performance Overview - Marvell's stock has increased by 12% this month, while Micron's shares have surged over 20%. However, Marvell's stock is down 40% in 2025 due to weaker guidance and postponed events, whereas Micron's shares are up 12% year-to-date driven by strong AI memory demand [3] - Over the past five years, Marvell's stock has risen over 130%, while Micron's has increased by 106%, both outperforming the Nasdaq and slightly exceeding the S&P 500 [4] Growth Projections - Marvell's total sales are expected to rise by 43% in fiscal 2025 to $8.28 billion, with further growth projected at 18% to $9.78 billion in FY26. Earnings per share (EPS) are forecasted to increase by 75% to $2.75 in FY25 and by 27% to $3.50 in FY26 [5] - Micron's sales are projected to grow by 41% to $35.49 billion in FY25 and by 30% to $46.11 billion in FY26. EPS is expected to rebound to $6.93 from $1.30 last year, with a further increase of 56% to $10.79 in FY26 [7] Valuation Comparison - Marvell's stock is trading at 23.9X forward earnings, near the S&P 500 average and offering a 47% discount to its decade-long median of 45.5X. Micron shares are trading at a 13.7X forward earnings multiple, close to its decade-long median of 11.4X [10] Investment Consideration - Both Marvell and Micron are considered intriguing chip stocks, currently holding a Zacks Rank 3 (Hold). Analysts are more bullish on Micron due to demand for its memory solutions, while Marvell's custom networking chips are also critical for technological advancements [12][13]