HPE Rises on Sales Outlook; Victoria’s Secret Soars on Profit Beat | Stock Movers

In this episode of Stock Movers with Alexis Christoforous: Shares of Victoria’s Secret (VSXY) are soaring after the lingerie maker, which now trades under the symbol VSXY, reported earnings and net sales metrics for its first quarter that topped expectations, including adjusted operating income that was nearly double the consensus estimate. Management improved its annual forecasts. – Shares of Hewlett Packard Enterprise (HPE) rise in early trading after the company gave a full-year sales outlook that beat estimates, citing massive growth in AI-driven demand for its servers and networks. – Marvell Technology (MRVL) is rising after Nvidia Corp.’s Jensen Huang predicted the company will reach a $1 trillion valuation. Huang said Marvell’s valuation will skyrocket now that the era of “useful AI” has arrived, and was joined by Marvell CEO Matt Murphy on stage at the Computex trade show in Taipei.