MU, AVGO, MRVL Stocks Hit 52-Week Highs Amid Hot Chip Rally

• Shares of Micron Technology surged to an intraday high of $651.74 on Tuesday, boosting the company’s market capitalization to over $700 billion for the first time ever. 
• Shares of Broadcom, which partners with AMD to build and deploy AI models, surged to a 52-week high of $433.39 in intraday trading. 
• Marvell's stock jumped to an all-time high of $172.98 in intraday trading after UBS analyst Timothy Arcuri raised the price target on the company’s shares.

Micron Technology Inc. (MU), Broadcom Inc. (AVGO), and Marvell Technology Inc. (MRVL) stocks soared to fresh 52-week intraday highs on Tuesday after Advanced Micro Devices (AMD) posted blockbuster first-quarter (Q1) 2026 results that sparked a rally across the semiconductor sector.

AMD reported 38% year-on-year revenue growth and beat Wall Street expectations on its earnings, fueled by a surge in its data center business.

Additionally, a report from Nikkei Asia that alleged that the U.S. is working with allies in Asia, Europe, and the Middle East to address the global memory chip shortage through a supply chain coalition also boosted sentiment.

MU stock closed more than 11% higher amid the rally. Meanwhile, AVGO stock closed about 2.6% higher, and MRVL stock closed up 3.11%.

Micron Market Cap Tops $700B

Shares of Micron Technology surged to an intraday high of $651.74 on Tuesday, boosting the company’s market capitalization to over $700 billion for the first time ever.

The memory chipmaker also announced on Tuesday that it has started shipping its largest solid-state drive, the 245TB capacity Micron 6600 ION SSD. Meanwhile, AMD, which is one of Micron’s major customers for its high-performance memory and storage solutions, posted market-beating results, which also bolstered the stock.

MU stock has more than doubled in 2026 and soared nearly 700% in the last one year, securing it a position among the top 10 most valuable tech companies in the U.S.

On Stocktwits, retail sentiment around MU stock jumped from ‘bullish’ to ‘extremely bullish’ over the past 24 hours as message volumes increased from ‘high’ to ‘extremely high’ levels.

Broadcom Climbs On Explosive Demand

Broadcom, which partners with AMD to build and deploy AI models with its VMware Cloud Foundation using the latter’s processors, surged to a 52-week high of $433.39 in intraday trading before retreating to close at $427.45.

The company’s shares have been climbing higher due to explosive demand for its custom AI chips and its growing data center networking hardware. Expanded partnerships with companies like Anthropic and Google have also boosted sentiment in recent months.

On Tuesday, Broadcom announced VMware Cloud Foundation (VCF) 9.1, an AI infrastructure platform that supports flexible compute across vendors such as AMD, Intel, and Nvidia.

AVGO stock has gained nearly 23% in 2026 and more than doubled in the last one year. On Stocktwits, retail sentiment around AVGO stock improved from ‘bearish’ to ‘neutral’ territory over the past 24 hours amid ‘normal’ message volumes.

Marvell Gains Wall Street Optimism

Marvell Technology shares jumped to an all-time high of $172.98 in intraday trading after UBS analyst Timothy Arcuri raised the price target on the company’s shares to $195 from $120 and kept a ‘Buy’ rating on the shares, indicating an upside potential of more than 15% from its last close.

UBS pointed to robust data center demand and Marvell’s strong positioning in AI infrastructure as key drivers of its sharp increase in the price target, now the highest on Wall Street.

Marvell and AMD are also collaborating to boost AI data center performance by integrating high-speed connectivity and memory expansion into AMD’s processors.

MRVL stock has rallied nearly 89% this year and surged more than 172% in the past 12 months. On Stocktwits, retail sentiment around MRVL stock stayed in the ‘bearish’ territory over the past 24 hours amid ‘low’ message volumes.

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