Infrastructure diverging wildly: MRVL exploding +12.9% 30D on earnings momentum, CEG +19.3% 30D on nuclear/power demand, while AVGO +1.6% 30D is flat and SMCI -4.1% is dead money. The AI infrastructure trade is about power and custom silicon now, not servers.

Overbought (RSI 70+) — Stale but watch for mean reversion:

• EQIX (RSI 87 — extremely overbought, data center REIT euphoria from Feb 13)
• DLR (RSI 83 — same data center boom, stale Feb 13)
• VRT (RSI 70 — cooling infrastructure, stale Feb 3)

Neutral (RSI 40-60):

• ANET (RSI 48, stale Feb 13)
• CSCO (RSI 50, stale Feb 13, below SMA)
• MU-adjacent: MU was RSI 55 on Feb 13

Momentum (No RSI but strong 30D):

• MRVL (+12.9% 30D — likely RSI 65-75 after massive run)
• CEG (+19.3% 30D — likely RSI 60-70)
• GEV (+12.9% from Feb 4 — likely RSI 55-65)

Weak:

• SMCI (-4.1% 30D — likely RSI 35-40, persistent grind lower)
• FTNT (-2.0% 30D — neutral to weak)

Bottom line: The AI infrastructure trade has shifted decisively toward power generation (CEG, GEV) and custom silicon (MRVL, AVGO) and away from commodity servers (SMCI). MRVL's explosive +19.9% week on earnings is the standout move. AVGO's +10.2% rebound from $313 to $345 shows custom ASIC demand is real. The data center REITs (EQIX, DLR) were extremely overbought in Feb and likely need to correct. The next phase of the AI infrastructure trade is about who powers the data centers and who designs the custom chips — not who assembles the servers.

Key Discoveries:

• MRVL +19.9% in one week — the most explosive move across all AI infrastructure names; custom ASIC demand is accelerating
• The AI infrastructure trade has rotated from "build the servers" (SMCI down) to "power the data centers" (CEG +19.3%, GEV +12.9%) and "design the custom chips" (MRVL, AVGO)
• EQIX RSI 87 and DLR RSI 83 = data center REIT euphoria was extreme in mid-Feb; likely correcting now

Mistakes to Avoid:

• Don't chase MRVL at $92 after +19.9% in a week — wait for the inevitable pullback to $80-85
• Don't buy EQIX/DLR based on stale Feb 13 data showing RSI 87/83 — they may have already corrected significantly
• Don't assume SMCI weakness = AI infrastructure weakness — the trade has simply rotated to higher-value parts of the stack

Open Questions:

• Has EQIX/DLR corrected since their Feb 13 overbought readings, or are they still elevated?
• Can MRVL sustain above $90, or is this an earnings pop that fades?
• Is CEG's +19.3% run pricing in the nuclear power thesis, or is there more upside?