NVDA holding near all-time-high territory but ecosystem is bifurcated — VRT and GEV ripping (RSI 68/55, strong-up), MRVL surging +15% this week, while ARM death-crosses and SMCI remains broken at -49% from high.

VRT (RSI 68, +67% in 3M): Vertiv is the data center power infrastructure king. Cooling, power distribution for hyperscalers. +65% above SMA200, golden cross. At RSI 68 it's near overbought but the fundamental demand is undeniable. Trim zone approaching but don't sell your core.

MRVL (RSI 60, +15.4% in 7D): Marvell — custom AI ASICs for hyperscalers (Amazon, Google). Big week. +8.6% above SMA20, golden cross. This is the custom ASIC horse to ride as NVDA CUDA monopoly gets pressured. Still +12% above SMA200.

GEV (RSI 55, +24.5% in 3M): GE Vernova — grid/power infrastructure. Near 52wk high (-5.9%). +32.9% above SMA200. Strong fundamental demand from data center power buildout.

AVGO (RSI 54, +4.9% above SMA200): Broadcom holding well — custom silicon + networking. Golden cross intact.

NVDA (RSI 50): The man himself is consolidating. -0.7% vs SMA20, essentially flat. +3.9% above SMA200. Down -1.5% in 30D but +5.2% in 3M. If you own NVDA, hold. If you don't, wait for the ecosystem to signal direction.

CEG (RSI 50, death cross): Constellation Energy consolidating after +11.8% in 30D bounce. But death cross is a caution flag. Nuclear power for data centers — thesis intact long-term but near-term technical uncertainty.

MU (RSI 53, +83.7% above SMA200): Memory playing catch-up to AI cycle. +68.6% in 3M is parabolic. Now consolidating near SMA20. Strong long-term setup.

AMAT (RSI 48, +44.7% above SMA200): Applied Materials holding above all SMAs. Golden cross. Etch/CVD equipment for AI chip fabs. +31% in 3M. Healthy consolidation.

TSM (RSI 43, -6.4% vs SMA20): Taiwan Semi pulling back after big 3M run. The world's foundry — fundamental demand unquestionable. Tariff/geopolitical risk on Taiwan is the overhang. -7.8% in 30D but +16.2% in 3M. Better entry ahead.

ASML (RSI 46, -4.7% vs SMA20): EUV lithography monopoly. -3.9% in 30D but +25.3% in 3M. Still golden cross. Europe exposure but irreplaceable technology.

ARM (RSI 42, DEATH CROSS): This is the yellow flag. Arm Holdings — CPU IP licensing. Death cross confirmed, -16.6% below SMA200, -34.5% from 52wk high. AI edge computing thesis may be intact but technical damage is severe.

SMCI (RSI 47, death cross, -49% from 52wk high, -24.6% below SMA200): Super Micro — accounting/governance issues remain unresolved. Technical structure destroyed. Not a buy despite flat RSI; the death cross and -49% from high tell the real story.

• MRVL +15.4% this week: Custom ASIC story breaking out. Hyperscaler silicon spend shifting to custom chips — Marvell is a prime beneficiary. This is the "NVDA without NVDA premium" play.
• VRT continues grind higher: Data center power infra remains strongest subsector. +66.96% in 3M. Near RSI 68 but fundamental demand not slowing.
• ARM death cross confirmed: -34.5% from highs and death cross is a clear caution signal. CPU IP licensing faces pressure from RISC-V alternatives and in-house chip design.
• CEG -7.5% this week: Nuclear power play pulling back. Death cross is now confirmed — the data center power narrative has been priced in; now we wait for actual contracts.
• SMCI remains broken: Flat-ish RSI 47 is misleading — the structural damage from accounting issues persists. No buy signal.
• NVDA consolidating: Not alarming — just digesting the 2025 run. Core position to hold.

• Can MRVL sustain the breakout or is this a one-week squeeze?
• When does TSM tariff/geopolitical overhang resolve — is this a buying opportunity?
• SMCI: Will accounting restatement resolution eventually create a re-entry opportunity?