STMicro Rises, Prosus Climbs, Abivax Plunges

Marvell Surges, Victoria's Secret Climbs, Deere Rises on Tariff Cuts

On this episode of Stock Movers: - Marvell (MRVL) shares surged after Nvidia Corp.'s Jensen Huang predicted the company will be the next to hit a $1 trillion valuation. Marvell's valuation will soar now that the age of "useful AI has arrived," according to Huang, alongside Marvell CEO Matt Murphy at Computex trade show in Taipei. - Victoria's Secret (VSXY) shares soared after the company beat earnings estimates and boosted its outlook, adding to signs of progress for Chief Executive Officer Hillary Super’s turnaround plan. - Deere (DE) shares rise. Shares of Deere & Co. and its peers are higher, while residential HVAC names surge, after the Trump administration said it would cut tariffs on farm equipment, construction equipment and residential HVAC systems starting June 8. Analysts say the agricultural equipment a clear beneficiary, with a smaller boon for construction equipment manufacturers. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

VSCO and HPE Jump; Marvell on the Rise

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Victoria's Secret (VSCO) shares are soaring after the lingerie maker, now trading under symbol VSXY, reports profit metrics and net sales for its first quarter that topped expectations, including adjusted operating income that was nearly twice the consensus estimate. Management boosted its annual forecasts. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Dollar General Reports; HPE Soars; Huang Bullish on Marvell

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Dollar General (DG) shares are higher after reporting earnings. It forecast earnings per share for the full year of $7.20 to $7.45, saw $7.10 to $7.35. - Alphabet (GOOG) is lower as it looks to raise $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Abivax Plunges, BAT Dips, Entain Gains

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Abivax shares plunged after cancer cases in a crucial clinical trial for a bowel disease drug threw the French biotech’s future into question. - Shares in British American Tobacco fell as much as 3.8%, extending a seven-day losing streak, as a trading update showed continued downtrading from consumers is hurting margins, overshadowing the firm’s maintained guidance and growth in new, smoke-free categories. - Entain shares rise as much as 4.6%, extending Monday’s gains after MGM Resorts confirmed it received a takeover offer from People Inc. Analysts believe any deal could lead to another transaction involving Entain and MGM’s joint venture named BetMGM. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

STMicro Rises, Prosus Climbs, Abivax Plunges

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - STMicro shares soar as much as 10% to the highest since 2000, after the chipmaker raised its data center revenue forecast for this year to about $1 billion. Analysts say the upgrade reflects the company’s confidence in boosting supply. - Prosus is also benefiting from the AI boom thanks to its shareholding in Tenent which is set to launch an AI agent on WeChat, China's best-used app. - Abivax shares plunged after cancer cases in a crucial clinical trial for an experimental bowel disease drug threw the French biotech’s future into question. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.