To The Moon

I came across this post that sounded compelling with facts to substaniate its view.

So sharing it here in the Tiger Community. Enjoy !

Chris Versace, Lead portfolio manager for TheStreet Pro Portfolio gave readers an update on chipmaker $Marvell Technology(MRVL)$ and computer giant $Apple(AAPL)$.

The Semiconductor Company.

According to Versace:

• Marvell shares moved lower, (see below) following a report from The Information.

• That report, said Microsoft  (MSFT)  intends to release its most powerful in-house AI chips in 2028 or beyond as it focuses on chips it can better develop in the interim. (see below)

• it also suggested Microsoft has pushed back the release of its Maia 200 chipset to 2026 from 2025.

• The decline in MRVL shares is due to a delay in business activity.

• Microsoft is a custom AI chip partner for Marvell.

• So are Amazon (AMZN) and Meta (META).

• Several new, fast-growing cloud companies (hyperscalers) are working with Marvell as well, as mentioned at a recent company event.

Still Has It ?

On 17 Jun 2025, Marvell hosted a "Custom AI" Investor Event in New York.

The company raised its market estimate for 2028 to $94 billion, that is +25% higher than 2024’s $75 billion estimate for 2028.

As expected, MRVL shares rose after the event. (see below)

Needless to say, it is not surprising that The Information’s report caused MRVL to drop.

This was the same reason why some profits were taken after the big increase.

MRVL’s Bottom Line.

The main outlook for Marvell remains strong.

The portfolio already holds a full position in the stock.

If MRVL falls closer to $70, this would fill a small gap in the price chart and could be a good buying opportunity, considering the target price is $115.

Incidentally in June 2025, B. Riley raised MRVL's price target to $115 from $110 and kept a “Buy” rating on the shares, following the company's custom AI investor webcast, according to The Fly.

 The Fly had said it believed MRVL’s update shows a "strong" next-generation AI growth inflection.

Marvell is slated to report Q2 2025 earnings next month. YTD, shares are down -33.8% so far in 2025.

The Technology Giant.

As for Apple, Versace noted that:

• Apple’s stock price has been rising recently, in the last 2 weeks. (see below)

• This increase is likely because AAPL is considering using AI technology from Anthropic or OpenAI for a (long-awaited) major Siri upgrade, instead of leaning on in-house solutions.

• AAPL has talked with both companies about using their large language models (LLMs) for Siri.

• According to Bloomberg, AAPL has asked Anthropic and OpenAI to train special versions of their AI that can run on Apple’s cloud system for testing.

• In March 2025, AAPL said AI improvements to its voice assistant Siri will be delayed until 2026, without offering a reason for the setback.

The Shuffle.

Apple shook up its executive ranks to get its AI efforts back on track after months of delays.

Bloomberg reported that Mike Rockwell has taken charge of Siri, from Head of AI - John Giannandrea, as CEO Tim Cook lost confidence in John’s ability to execute on product development.

Versace’s Final Words.

It is important to watch how this situation develops, said Versace:

• If Apple chooses to use AI from Anthropic or OpenAI, Siri could become smarter and more useful.

• A better Siri might encourage more people to upgrade to new iPhone models.

• This could increase AAPL’s revenue.

• Apple will announce its Q3 2025 earings on 31 Jul 2025.

• The company usually does not share many details during earnings calls.

• However, it is likely that questions about AI and Siri will come up during the Q&A session for the June quarter call.

• Attention will be paid to what AAPL says during the call.

Other Notes.

Separately, $Jefferies Financial Group Inc.(JEF)$ , Analyst Edison Lee has upgraded AAPL to “Hold” from “Underperform” with a price target of $188.32, up from $170.62.

Counterpoint reported global iPhone's sales volume in April plus May was up +15% YoY, marking the strongest growth since Q3 2021.

Higher demand from tariffs and better sales in China could drive AAPL’s June quarter revenue grow by about +8% and EPS by about +10%.

These numbers are about +5% higher for revenue and +9% higher for EPS than what most experts expect.

This would also beat Apple’s own forecast of low-single digit revenue growth guidance.

Edison Lee added that the market may be too positive about tariffs, and Apple’s service revenue could fall.

However, strong Q3 results might help keep Apple’s stock price steady in the short term.

Rounding Up.

Versace will be tracking Trump's signed Big Beautiful Bill closely and the 9 Jul 2025 tariff deadline.

It is important to see the details of both before making decisions. Knowing these details will help plan the next steps more clearly.

Indeed Trump’s signed Tax Bill and the 9 Jul 2025 tariff deadline will determine US market for the coming week. It make or break week - agree ?

Remember to check out my other posts. (See below). Help to Repost ok, Thanks.

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• BRK.B : Is this the Beginning of the End ? Mon, 07 July. Picked post.

• AVGO: 1 of 14 Stocks ready to fly. U Have? Mon, 07 July. Picked post.

• With Jobs Report out & done, time to SOFI ? Fri, 04 July. Picked post.

• Do you think MRVL is a compelling “buy” given the mentioned headwinds ?

• Do you think AAPL will tie up with OpenAI OR Anthropic ? I hope its the latter.

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