Chip stocks continue to surge. Here's how to buy into the trend for less

John Maynard Keynes famously said, "Markets can remain irrational longer than you can remain solvent." That's good advice for anyone looking to short chip stocks based simply on price action. I happen to like one surging chip stock in particular: Marvell Technology (MRVL) . The AI infrastructure story is real, the custom silicon wins are real, and the stock's leadership reflects genuine fundamental momentum. But heading into Tuesday's earnings print after the bell, I'm not chasing it. MRVL sits at the intersection of hyperscaler capex and custom ASIC demand — two of the most powerful secular tailwinds in tech. Institutional money has rotated hard into the name, and the price action shows it; up more than 130% year-to-date and more than 220% over the past 52 weeks. Stock Chart Icon Stock chart icon Marvell Technology, 1 year The issue I have is that the rally has continued unabated. As I write this, MRVL has just hit another new high, and the 14-day RSI is above 70 (albeit not as high as it was recently), indicating that the pace of relative outperformance is slowing. …