Two Earnings, Two Different Signals

The market lately feels split in two. AI stocks are still moving hard, while defensive giants are quietly getting tested underneath the surface.

Yesterday I was focused on Marvell Technology after earnings, and now all eyes are on Costco Wholesale reporting later at 21:00 UTC after market close. Completely different companies, but both feel important for reading where momentum goes next.

MRVL posted strong numbers, with $2.418B revenue (+28% YoY) and $0.80 EPS, which honestly just reinforces how strong AI demand still is right now. I’m still leaning bullish here because the reaction feels more like profit-taking after a big run than actual weakness.

COST is a different setup entirely. Less hype, more consistency. Expectations are around $69.3B revenue and $4.56 EPS, but I think margins and membership growth will matter more than the headline numbers. If those stay strong, the trend probably continues. If not, maybe we finally see some short term pressure.

Curious what everyone thinks here. Does MRVL keep pushing higher from here, or start fading? And does COST surprise again, or disappoint this time around?