U.S. stock markets hit fresh record highs driven by a surge in semiconductor and AI infrastructure stocks. The S&P 500 rose 0.2% to 7,614, the Dow gained 0.2% to 51,155, and the Nasdaq 100 led with a 0.4% increase to 30,649, fueled by chipmakers. Marvell Technology surged nearly 30% after Nvidia's CEO praised it as a future trillion-dollar company and announced a $2 billion investment. Hewlett Packard Enterprise also jumped nearly 30% following strong quarterly results and raised earnings guidance, highlighting robust demand for AI systems. Meanwhile, software stocks pulled back after recent gains, showing a sector rotation toward hardware and networking components critical for AI data centers.
US stock futures fell after a record close, with President Trump indifferent to potential Iran negotiation failures, predicting a drop in oil and gas prices. Treasury yields remain steady, and the Federal Reserve is likely to keep interest rates unch...
Wall Street analysts have raised price targets for Marvell Technology stock to between $105 and $140 over the next year, driven by strong demand for AI data center products. The company beat Q4 fiscal 2026 estimates and provided Q1 fiscal 2027 guidan...
Shares of Marvell Technology surged over 27% following Nvidia CEO Jensen Huang's statement at Computex, calling Marvell "the next trillion-dollar company." This endorsement came shortly after Marvell reported record Q1 fiscal 2027 revenue of $2.42 bi...
The SPDR S&P Semiconductor ETF (XSD) gained 171% from May 2025 to May 2026, fueled by strong semiconductor demand and its equal-weight structure that benefits small and mid-cap stocks. The fund's broad exposure across 44 chip companies allowed it to ...
Shares of Broadcom rose 6% and Marvell surged 17% after Alphabet announced an $80 billion equity raise to fund AI infrastructure, boosting demand for Broadcom's custom TPU chips. NVIDIA CEO Jensen Huang's comment suggesting Marvell could reach a $1 t...
