Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Marvell Technology, a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becoming the latest semiconductor company to be added … Read more
Technology stocks fell in premarket trading Thursday, with chipmakers Broadcom, Micron Technology and Marvell Technology leading the losses as investors fled the semiconductor space. Broadcom shares were down 14.6% ahead of the market open after the company, which designs and makes customized AI chips for other technology names, reported weaker-than-expected earnings on Wednesday. Stock Chart … Read more
U.S. President Donald Trump speaks during an event in the Oval Office of the White House on June 3, 2026 in Washington, DC. Kevin Dietsch | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to the latest edition of the Daily Open newsletter. Traders in Asia are evaluating another round … Read more
Broadcom posted strong quarterly results after the bell on Wednesday, but didn’t provide enough upside to its guidance to move the stock higher. Revenue in the fiscal second quarter of 2026, which ended May 3rd, was $22.19 billion, a slight miss versus the $22.27 billion consensus forecast, according to estimates compiled by LSEG. On an … Read more
Some of the top chipmakers paused their spectacular rally on Wednesday, but analysts are expecting big things from Broadcom , which reports earnings after the close. Hyperscalers rely heavily on Broadcom’s application-specific integrated circuits, or ASICs, and the company has deals with frontier software companies Anthropic and OpenAI, so signs of strong demand could translate … Read more
Check out the companies making the biggest moves premarket: Private equity firms — The group fell after Bloomberg News reported Partners Group, a Swiss-based private equity firm, capped withdrawals from one of its private equity funds. Blackstone fell 6%, while KKR tumbled more than 5.5%. Blue Owl Capital was off nearly 4%. Palo Alto Networks … Read more
Nvidia’s CEO Jensen Huang hailed Marvell Technology as the next trillion-dollar firm, sending its shares up 32.52% on Tuesday. The stock move is Marvell’s biggest one-day gain ever, narrowly topping its previous best set in May 2023. The semiconductor firm, which designs chips for data centers, soared after Huang touted the company’s efforts in supplying … Read more
Check out the companies making headlines before the bell: Marvell Technology — Shares surged 25% after Nvidia CEO Jensen Huang said Marvell could be the next trillion dollar company . Hewlett Packard Enterprise — The information technology stock surged 25% after Hewlett Packard posted current-quarter earnings and revenue guidance that topped analysts’ estimates. The company … Read more
Nvidia has committed at least $6.5 billion into companies developing photonics technology in the past three months, as the company races to invest in solving one of the major bottlenecks to the rollout of artificial intelligence. Photonics, the use of light to transmit data, is an emerging technology considered to be a more efficient alternative … Read more
President Donald Trump takes questions from reporters during a Cabinet meeting in the Cabinet Room of the White House on May 27, 2026 in Washington, DC. Win Mcnamee | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to today’s edition of the Daily Open newsletter. After weeks of paused action … Read more