Nvidia (NVDA) posted a banner quarter on Wednesday that sent a clear message to Wall Street: AI demand is still hot, no matter the doubters.
And yet, shares in Marvell Technology (MRVL) — another major chip designer — plunged after its own strong earnings report.
The tech trade, strategists told Yahoo Finance, isn't as simple as it once was.
Take software, for example. After spending much of 2026 getting hammered by investors, software stocks came roaring back over the past week as the narrative turned away from redundancy and toward resilience.
"This earnings season has caused investors to look at the issue of potential AI disruption in software in a little bit more of a nuanced fashion," Steve Koenig, Macquarie US head of software and services research, told Yahoo Finance.
#software #nvda
And yet, shares in Marvell Technology (MRVL) — another major chip designer — plunged after its own strong earnings report.
The tech trade, strategists told Yahoo Finance, isn't as simple as it once was.
Take software, for example. After spending much of 2026 getting hammered by investors, software stocks came roaring back over the past week as the narrative turned away from redundancy and toward resilience.
"This earnings season has caused investors to look at the issue of potential AI disruption in software in a little bit more of a nuanced fashion," Steve Koenig, Macquarie US head of software and services research, told Yahoo Finance.
#software #nvda
7 days ago
