Micron Earnings, September Jobs Report Lead This Week's Market Tests

Marvell Technology plans to present a suite of next generation AI data center solutions at the OCP Global Summit 2026, highlighting new hardware for AI infrastructure, memory expansion, high speed connectivity, and integrated security. The offerings target the memory wall, faster networking requirements, and security for AI centric workloads. The showcase lines up with Marvell's push into AI data center infrastructure, spanning switching, optics, and memory expansion, with products including the Teralynx T100 102.4T switch, Structera CXL memory, and Ara 1.6T optics mapping to the high bandwidth AI clusters large cloud customers are building. The event supports the existing narrative rather than rewriting it, as the demos sit in the same AI connectivity and custom silicon areas analysts link to the US$12b FY27 and US$18b FY28 revenue guidance, with margins aiming for the 38% to 40% non GAAP range. The key test will be concrete follow through after the summit, such as new or expanded design wins with hyperscalers referencing Teralynx T100, Structera CXL, or 1.6T optics in coming quarters.

Advanced Micro Devices CEO Lisa Su said chip demand remains ahead of supply and expects it to stay very high for the next several years, speaking to reporters in Taipei on October 6. Su said AMD has increased supply through 2026 and plans a much bigger jump in 2027, with capacity now planned three to five years ahead. Her Asia trip included meetings with Foxconn and TSMC, followed by talks with memory makers in South Korea, as AI chips depend on large amounts of memory that constrain how many AMD can ship. Stifel raised its AMD target to $700 on October 5, arguing AI buildouts are limited by chip supply. AMD's forward non-GAAP P/E of 83.38x and forward price-to-sales ratio of 20.25x both sit at more than double their 5-year averages, while analysts expect EPS to rise about 82% in 2026, 107% in 2027 and 45% in 2028.

Jacob Funds disclosed a new position in Rambus Inc. in its third-quarter 2026 investor letter, citing the memory chip maker's exposure to data center infrastructure trends. The Jacob Internet Fund added Rambus as its sole new holding in the quarter, with the firm arguing the market underestimates the rollout of next-generation MRDIMM server memory, which doubles data transfer speeds without costly server redesigns. Jacob Funds said the shift toward memory pooling should lift the dollar value of Rambus components inside every AI server, driving higher average selling prices and wider margins in its product revenue category. Rambus closed at $108.47 on October 08, 2026, with an $11.76 billion market capitalization, an 18.04% year-to-date gain, a 52-week range of $77.89 to $174.10, and $756.33 million in trailing twelve-month revenue. Fifty hedge fund portfolios held the stock at the end of the second quarter, up from 35 in the previous quarter.