$Marvell Technology(MRVL)$ The Nasdaq is in the green following the June NFP report. The perceived risk of further Fed rate hikes has decreased, with the report showing 57K jobs added versus an expected 115K.
$Advanced Micro Devices(AMD)$ The technical setup looks quite strong for bulls right now, with the price holding well above the 1-hour 200 EMA for a full session and into the overnight period. Strong buying has been pushing the price to retrace lower EMAs upward. From a technical perspective, a proper catalyst could easily send this above $592. The overnight price action will likely set the tone for the intraday action tomorrow. I think there's a high probability we see new all-time highs, or at least a return to Tuesday's intraday levels. $Intel(INTC)$ $Marvell Technology(MRVL)$ $Micron Technology(MU)$ </
$Marvell Technology(MRVL)$ There doesn't seem to be any bad news for the stock. The sell-off should be over, and it looks extremely cheap at the moment.
$Marvell Technology(MRVL)$ Thursday's NFP jobs data is the main focus. The expectation is for a solid report, but not as strong as May's. That could reduce the risk of further Fed rate hikes. MRVL could move toward 300+.