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Marvell Hits Record High on AI Demand and Nvidia Backing
Marvell shares surged to a record close of $301.65 following Nvidia CEO Jensen Huang's bullish comments and strong Q1 earnings, highlighting AI-driven growth in data-center networking and custom chips.
London Stock Exchange Updates Official List; Cordiant Digital Infrastructure Set for FTSE 250 Inclusion
London Stock Exchange updates Official List; Cordiant Digital Infrastructure set to join FTSE 250. Vodafone and Sainsbury's lead FTSE 100 decline on ex-dividend trading.
Broadcom Plunge 13% After Hours Sparks Tech Selloff, Dow Drops 621 Points
Broadcom slid 13.7% after hours after missing Q2 revenue estimates and keeping AI-chip sales forecast unchanged, triggering a broader market decline with the Dow falling 621 points.
PVH Slashes Revenue Forecast, Shares Tumble 18.7% After Hours
PVH shares fell 18.7% after hours after the company slashed its full-year revenue forecast to roughly flat, citing ongoing pressure in the EMEA region.
Nu Holdings Slides on Analyst Downgrades and CFO Succession
Nu Holdings dropped 2.43% to $11.64 after two analyst downgrades in two days, with concerns over falling margins, rising credit costs, and a CFO transition.
Intel Stock Rebounds on AI CPU Plans at Computex
Intel shares surged 4.43% to $112.71, halting a five-day slide, as the company pitched CPUs as key to AI at Computex, unveiling Xeon 6+ processors and rack-scale AI hardware.
Five Below Stock Tumbles Despite Strong Q1 Results as Investor Concerns Mount
Five Below shares plunged 12.6% in after-hours trading even after the discount retailer posted better-than-expected first-quarter results and lifted its full-year outlook.
Netskope Tumbles 20% in After-Hours Trading as Cash Flow Concerns Overshadow Revenue Growth
Netskope shares plunged 20% after hours to $9.96, despite a Q1 earnings beat, as negative free cash flow and slowing net new ARR overshadowed 28% revenue growth.
Nvidia Shares Slip 3.6% as AI Rally Faces Supply and Margin Tests
Nvidia shares slid 3.6% to $214.75 on Wednesday as profit-taking after Computex and broader market weakness offset positive supply comments and new AI PC chip announcements, testing the AI rally's momentum.
Nokia Soars on AI Demand: Stock Up 18.5% in Three Days
Nokia shares surged 2.39% to €14.805, extending a three-day rally to 18.5% as AI demand drives growth. Nordea hiked its target to €15.7, far above analyst consensus.
Veeva Systems Slips Despite Strong Earnings, AI Strategy in Focus
Veeva Systems shares declined 2.3% despite beating Q1 estimates and raising guidance, as investors assess AI spending and CRM migration risks.