Des Wealth initiates a $400 price target on Marvell while trimming Nvidia and CoreWeave positions to hedge against seasonal market volatility in September and October.
Long-term bullish thesis intact with a blowout double or triple beat, but trimming a small position for seasonal September-October risk before reentering.
CEO calls Marvell significantly underpriced at current levels with a $400 price target, citing long-term AI buildout potential and possible short squeeze.
Taking profits in CoreWeave after a run from 60s to 100, citing heavy debt, low cash flow, and rotating profits into a leaner alternative.
Long-term bullish on Apple with strong Q3/Q4 seasonality ahead of holidays, despite taking a small profit after recent all-time highs.
Mentioned as another AI infrastructure name with room for both it and Marvell, but no specific rating or price target given.
Mentioned as the leaner AI infrastructure alternative that profits are being rotated into, expected in early October.
Used as a temporary parking spot for profits moved out of CoreWeave into broader market exposure via the equal-weight S&P 500 ETF.
Des Wealth CEO Dale Smothers identifies Marvell as a significantly underpriced AI play with a $400 price target, citing potential for a short squeeze. While maintaining long-term bullish stances on Nvidia and Apple, the firm is trimming positions to navigate seasonal September-October volatility, rotating capital into leaner alternatives like NBIS and broader market ETFs.
The firm is taking tactical profits to prepare for historical seasonal weakness in September and October, rather than changing their long-term bullish thesis.