📊 Stocks in the News Today | Pre-market | Tue, 02 Jun
- 🟢 $HPE +38% – Blowout earnings (EPS $0.79 vs $0.54 expected), networking revenue +148%, raised guidance, and unveiled NVIDIA-powered AI servers.
- 🟢 $MRVL +18% – Riding the AI hardware rally after Jensen Huang highlighted Marvell’s critical role in next-gen AI infrastructure.
- 🟢 $SMCI +5% – Benefiting from HPE’s strong AI-server results and growing data-center demand.
- 🟢 $NOK +9.5% – Networking stocks gaining as investors bet on AI-driven telecom infrastructure upgrades.
- 🟢 $MCHP +9% – Data-center revenue expected to reach ~$500M in 2026 (+65% YoY), boosting sentiment.
- 🟢 $DELL +1% – Higher in sympathy with strong AI server demand across the sector.
- 🟢 $AVGO +5% – Investors positioning ahead of earnings amid continued AI spending momentum.
- 🔴 $ABVX -29% – Sharp biotech selloff as investors unwind recent gains.
- 🔴 $SPCE -15% – New share issuance to redeem debt sparked dilution concerns.
- 🔴 $CRDO -4.2% – Guidance disappointed despite record revenue and profitability.
- 🔴 $NOW -4% – Software names cooling as investors focus on AI hardware beneficiaries.
- 🔴 $GOOGL -2.8% – Massive AI spending plans (~$80B) raising concerns about capex and near-term cash flow.
- 🔴 $COIN / $MSTR / $MARA Lower – Crypto-related stocks pressured as Bitcoin slipped back below $70K.
Posted Jun 2, 2026, 1:10 PM UTC
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