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.

Nvidia and Salesforce Report; Intuit Slumps
04:41

Sage Group Drops, Applied Nutrition Rises, Salmar Gains
03:40

SAP Lower, Applied Nutrition Gains, Ambu Drops
04:40