Marvell Technology gains 37.5% in two days following Nvidia CEO endorsement and strong earnings
#Marvell Technology shares gained 37.5% over two days to close at $301.65 on June 3, coinciding with Nvidia CEO Jensen Huang's public endorsement and strong Q1 earnings.
#The stock rose from $219.43 on June 1, with volume reaching 4.1 times its 20-day average (113.85M vs 27.78M).
#The June 2 single-day gain of 32.52% marked the company's largest one-day move since its IPO, driven by the endorsement, record quarterly revenue of $2.418B, and raised forward guidance.
Xos surges 234% on massive volume following Power Hub launch announcement
#Xos shares surged following the announcement of its 2.5MWh Power Hub, a containerized energy storage system for data centers.
#The stock price surged 234.5% to close at $7.46 on June 3, on volume that was 79.1 times its 20-day average.
#The dramatic move reflects momentum-driven trading in a micro-cap name tied to AI data-center power demand themes, though the company has not yet disclosed significant orders for the new product line.