US Top News and Analysis | Stocks making the biggest moves midday: Coherent, Victoria's Secret, Marvell, HPE, Generac, Intuit & more

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Midday trading saw several notable moves: Generac rose nearly 6 % after announcing it will supply backup power to a major hyperscale data‑center operator, while USA Rare Earth gained about 5 % following a $1.2 billion investment in a magnet‑manufacturing and refined‑metals facility in South Carolina. Intuit fell almost 9 % after a Goldman Sachs downgrade citing rising tax‑software competition, and Shake Shack dropped 10 % after cutting its full‑year earnings and Q2 revenue outlook amid macro‑economic uncertainty. AI‑related photonics stocks rallied, with Coherent up 16 %, Lumentum 13 % and Corning 13 % after Hewlett‑Packard Enterprise reported stronger AI‑driven server demand; Marvell surged roughly 30 % after Nvidia CEO Jensen Huang praised it as a potential trillion‑dollar company. HPE jumped 16 % on an earnings beat and raised full‑year guidance, and Victoria’s Secret rallied about 44 % after boosting its full‑year sales forecast to $7.03‑$7.13 billion. Credo Technology slipped nearly 3 % despite beating Q4 expectations, Microchip rose 4 % on strong data‑center solutions revenue, Alphabet dipped 2 % as it plans to sell $80 billion of stock (including a $10 billion Berkshire Hathaway investment), and STMicroelectronics climbed around 15 % after lifting its 2026 data‑center revenue target to about $1 billion.

Read more: https://www.cnbc.com/2026/06/02/stocks-making-the-biggest-moves-midday-cohr-mrvl-hpe-gnrc-intu.html

#VictoriasSecret #Generac #Intuit #HPE #Marvell #JensenHuang

The Seven-Vendor Week

Seven Q1 FY27 prints landed in the eight calendar days from Workday on May 21 to MongoDB on May 28. SaaS, data, identity, hardware, and silicon — five layers of the enterprise stack, seven income sta

https://blog.codeland.org/posts/the-seven-vendor-week/

#AI #SaaS #Earnings #Dell #Marvell #Okta

US Top News and Analysis | Marvell stands to gain from boosted Amazon-Anthropic partnership

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Marvell Technology is poised to profit from Amazon’s expanded partnership with AI‑focused Anthropic, which will invest more than $100 billion in Amazon Web Services over the next decade to power its Claude large‑language‑model suite. The deal will drive demand for Amazon’s Trainium AI chips—built with Marvell’s optical processors, retimers, Ethernet switches, and data‑processing units—as well as other hardware that Marvell supplies to AWS. Analysts responded by raising Marvell’s price target to $170, citing strong near‑term upside from boosted optical‑connectivity needs and expecting the partnership to sustain double‑digit growth through fiscal 2028, while also noting ancillary benefits for fellow data‑center supplier Astera Labs.

Read more: https://www.cnbc.com/2026/04/21/marvell-stands-to-gain-from-boosted-amazon-anthropic-partnership.html

#Marvell #Amazon #Anthropic #AWS #JPMorgan #RBC #AsteraLabs #DarioAmodei #Trainium #

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US Top News and Analysis | Marvell pops on report it will help Google with custom AI chips. Broadcom shares sink

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Marvell Technology’s stock jumped nearly 6 percent after reports that Google will partner with the chip designer for two new artificial‑intelligence processors—potentially a Tensor Processing Unit and a memory‑processing unit—marking a shift from Google’s traditional reliance on rival Broadcom, whose shares fell about 2 percent following the news. The possible deal comes as AI demand surges; Nvidia recently invested $2 billion in Marvell, and both firms have seen strong earnings and guidance amid a wave of custom‑chip development by major tech companies seeking alternatives to Nvidia’s GPUs.

Read more: https://www.cnbc.com/2026/04/20/marvell-stock-google-custom-ai-chips.html

#Marvell #Google #AI #TPU

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