By Aashika Suresh
Publication Date: 2026-06-03 02:43:00
MRVL stock soared to an all-time intraday high after Nvidia CEO Jensen Huang called it the “next trillion-dollar company” at the Computex conference in Taipei, Taiwan.
AVGO shares rose to a yearly high of $488.82 on Tuesday ahead of the chipmaker’s second-quarter results.
HPE shares rose to an intraday high of $64.25 before paring some gains at the close amid a series of price target upgrades following its record second-quarter results.
Marvell Technology Inc. (MRVL), Broadcom Inc. (AVGO) and Hewlett Packard Enterprise Co. (HPE) soared to 52-week highs on Tuesday, reflecting strong investor demand for artificial intelligence stocks amid a boom in the sector.
MRVL shares rose more than 32% at the close after positive comments from Nvidia’s CEO strengthened confidence in the company’s prospects. AVGO stock closed up nearly 5% ahead of its second-quarter (Q2) earnings, while HPE soared more than 19% as Wall Street analysts raised their targets for the company following a strong second quarter…
