Marvell Stock Rallies as AI Demand Lifts 2028 Revenue Target to $20 Billion
Marvell’s MRVL shares rallied as the chipmaker targeted $20 billion in fiscal 2028 revenue and $70–90 billion by fiscal 2031 on growing AI demand.
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Meta’s Muse Fuels AMD’s Rally as Personal AI Agents Drive CPU Demand
Meta’s Muse is sharpening investor interest in AMD as personal AI agents create demand for server CPUs alongside the GPUs powering their models.
SpaceX Stock Surges Above $160 as Market Value Tops $2.2 Trillion
SpaceX rises nearly 6% as its estimated valuation reaches $2.22 trillion, with Morgan Stanley maintaining a $300 target ahead of the next Starship test.
Cerebras Shares Rebound 6% as Altman Reaffirms OpenAI Partnership
Cerebras shares rise 6.3% to $177 in premarket trading after Sam Altman reaffirms the OpenAI partnership, following a sharp selloff over Nvidia deployment.
Disney Stock in Focus as TV Overhaul Could Bring Hundreds of Layoffs
Disney’s reported TV restructuring puts DIS shareholders’ focus on streaming margins, execution costs and cash returns after the October 1 share decline.
Nvidia Hits Record High as Market Value Tops $5.72 Trillion
Nvidia reaches a new intraday record, taking its estimated market value above $5.72 trillion as investors assess AI earnings and a larger buyback program.
Nike Plans More Layoffs as China Sales Plunge
Nike plans job cuts from 2027 as Greater China sales fall 22%, deepening a restructuring aimed at reducing costs and rebuilding its marketplace.
Nike Slides to 13-Year Lows as Revenue Miss Overshadows Earnings Beat
Nike shares fell about 5% after its results, extending a slide to 13-year lows as a revenue miss and weak annual outlook overshadowed an earnings beat.
Stocks Making the Biggest Moves Today: Accenture, Synopsys and More
Accenture and Synopsys rally on financial updates, Vicor lifts its outlook, and a patent ruling sends United Therapeutics and Liquidia in opposite directions.
Nvidia Adds $150 Billion to Buyback Program, Lifting Remaining Authorization to $235 Billion
Nvidia expands its buyback authorization by $150 billion as AI earnings surge, with $235 billion now available for repurchases through fiscal 2028.