US Markets
Home›US Markets›Equities›Marvell tops RDS Wealth CEO’s buy list amid calls for…
Marvell tops RDS Wealth CEO’s buy list amid calls for a rebound
The interview points to Marvell trading around the mid-200s and describes a potential catalyst from an earnings beat that did not fully match some investor expectations.
Yahoo Finance featured an interview with Dale Smothers, CEO of RDS Wealth, who outlined his current stock picks and positions, including Marvell as a buy despite the shares being well off prior highs. Smothers said he sees Marvell as a long-term AI beneficiary and described the stock as significantly underpriced at its roughly mid-200s level, arguing it could move toward $400 a share. He also said RDS Wealth has used call options with a $380 strike price. While he noted Marvell’s most recent earnings report included a beat, he said it beat by less than some investors hoped, which he linked to a rise in short interest. Smothers suggested that the setup could contribute to a potential short squeeze, with short-term price action varying day to day. The segment also discussed that Smothers is evaluating other positions, but the detailed buy and trim rationale in the provided transcript centers on Marvell and the contrast between its earnings outcome and market expectations, according to Yahoo Finance.