Tech Stocks' Wild Ride: SMCI Soars, MRVL Undervalued

• Super Micro Computer (SMCI) has experienced a significant year-to-date (YTD) percentage change of 213%, although it shows an 8.8% downside to its price target, suggesting that the stock may be overvalued according to current target estimates.
• Marvell Technology (MRVL) has a modest YTD change of 7%, but with a substantial 37.9% upside to its price target, indicating strong growth potential and possible undervaluation by the market.
• Vertiv (VRT) shows a notable YTD increase of 52% in its stock price, yet the upside/downside to the price target is nearly neutral at -0.03%, implying that the stock is trading close to its target price and may have limited short-term growth potential based on current estimates.

Context: The chart provides insights into the performance and valuation of companies related to Nvidia through derivative plays, highlighting the disparities in year-to-date performance and the potential upside or downside relative to their price targets.