On this episode of Stock Movers:
- Marvell Technology (MRVL) shares rally after the company reassured investors that its custom chip-design unit is winning repeat orders, signaling continued growth as the company benefits from spending on AI computing.
- Gitlab (GTLB) shares fall after the software company’s results and forecast were seen as underwhelming. Bloomberg Intelligence wrote that the report reinforces concerns about AI.
- Microchip (MCHP) shares gain after the the semiconductor device company forecasted adjusted earnings per share for the third quarter that beat the average analyst estimate.

SLB Gains, Avis Plummets, Intel Surges on Sales Forecast
03:03

Intel Surges as MaxLinear Jumps; P&G Beat
03:37

SAP Jumps, Volvo Rises, Tomra Plunges
04:26