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.

Hewlett Packard Enterprise Surges, Victoria's Secret Soars, Shake Shack Falls to 2023 Level on Cut 2Q
04:10

VSCO and HPE Jump; Marvell on the Rise
04:43

Dollar General Reports; HPE Soars; Huang Bullish on Marvell
04:31