Move Over, Magnificent 7. Traders Are Flocking to SanDisk, Marvell, Micron, and the Parabolic 7

The Magnificent 7 has a new challenger. Strategist Ben Emons, in a post amplified by Bloomberg’s Joe Weisenthal on X, has dubbed a basket of seven semiconductor and AI-hardware names the “Parabolic 7.” Weisenthal’s shared data suggests that the group has vastly outperformed both the Magnificent 7 and the SOX semiconductor index since mid-2025.

The grouping covers SanDisk (NASDAQ:SNDK | SNDK Price Prediction), Marvell Technology (NASDAQ:MRVL), Micron Technology (NASDAQ:MU), Intel (NASDAQ:INTC), Dell Technologies (NYSE:DELL), Advanced Micro Devices (NASDAQ:AMD), and Broadcom (NASDAQ:AVGO). Emons’s May 31 newsletter centers on what he calls “parabolic breadth,” the market cap of stocks trading 100% or more above their 200-day moving average, expressed as a percentage of the S&P 500’s market cap. Emons estimates the current “parabolic breadth” at around 4% and states that it has risen explosively since early April. It’s a thesis about market structure as much as individual names.

Here’s a countdown of the five most explosive Parabolic 7 names through the June 2 close, ranked by year-to-date (YTD) performance. Each name is evaluated against recent earnings momentum, AI exposure, and growth acceleration.

5. Intel

Intel stock is up 192% YTD and 447% over the past year. The CPU giant is seeing AI traction, with Q1 FY2026 Data Center and AI segment revenue of $5.05 billion, up 22% year-over-year (YoY).

CEO Lip-Bu Tan noted that Intel was selected as the host CPU for NVIDIA‘s (NASDAQ:NVDA) DGX Rubin systems, anchoring a multiyear partnership narrative alongside a fresh Google tie-up. Intel stock looks more like a turnaround trade than a pure AI play, yet the rerating has been dramatic.

4. Marvell Technology

Marvell stock has climbed 243% YTD and 374% over the past year. Marvell Technology posted Q1 FY27 revenue of $2.418 billion, up 28% YoY, with Data Center revenue hitting $1.827 billion, or 76% of the total.

CEO Matt Murphy cited “exceptional AI-related bookings” and significantly raised the outlook for fiscal 2027 and fiscal 2028. Marvell’s custom AI silicon, 1.6T optics, and 51.2T Ethernet switch pipeline put the company in direct competition with major hyperscaler suppliers.

3. Dell Technologies

Dell stock is up 248% YTD and 309% over the past year. Per Emons, Dell Technologies delivered blowout earnings: EPS +214% year-over-year, AI server revenue up 757%.

Dell’s Q1 FY27 results corroborate that story, with $24.4 billion in AI orders booked during the quarter and FY27 AI server revenue guided to $60 billion. However, AI server gross margin pressure (gross margin slipped to 18% from 21% YoY) is a real risk that traders need to size their positions around.

2. Micron Technology

Micron stock has rallied 273% YTD and 986% over the past year. Per Emons, Micron beat revenues by 75% in the quarter (196% YoY), gross margin up 30%, free cash flow hit $6.95 billion, and rose +19% post-earnings in after-hours trading.

Micron’s high-bandwidth memory (HBM) business has become the marquee AI lever, with CEO Sanjay Mehrotra declaring the company an “essential AI enabler”. The prediction market crowd assigns a 0.74 probability to MU stock closing above $880 by month-end, signaling sustained bullish positioning even after the parabolic run.

1. SanDisk

SanDisk stock is the headline act, up 623% YTD and 4,498% over the past year. The NAND memory pure-play crushed Q3 FY26 estimates with EPS of $23.41 versus the $14.66 consensus and revenue of $5.95 billion, up 251% YoY.

SanDisk’s Datacenter segment rocketed 645% YoY to $1.47 billion, and the company retired $650 million in debt to reach a zero-debt balance sheet. CEO David Goeckeler declared that the quarter marked “a fundamental inflection point” for SanDisk, with mix shifting toward the highest-value end markets. Reddit chatter has cooled from late May peaks (sentiment scores dropping from the 70-90 range to the 45-55 neutral band), suggesting some retail froth may already be working off.

The Parabolic Breadth Reality Check

Emons’ message about SanDisk and the broader cohort flags that earnings surprise breadth has risen to 83%, the highest since 2021. It also observes that S&P 500 blended earnings growth was 28% for Q1, with tech growth north of 54%. Strategist Barry Knapp has labeled the setup an “earnings bubble.”

However, the most striking line in Emons’ note is his own warning on SanDisk stock specifically. He cautions that the “parabolic moves are reaching extremes (SanDisk),” and that this “makes the mathematical chance of one of these stocks ‘crashing’ by nearly 100 percent.”

For now, though, the Parabolic 7 captures the moment as SanDisk, Micron, and Dell stocks lead a rerating that has dwarfed the Magnificent 7’s recent gains. Still, parabolic moves cut both ways, and traders chasing these names may want to manage their risk with smaller “Parabolic 7” positions and clearly defined exits.