Check out the companies making headlines before the bell: Marvell Technology — Shares surged 25% after Nvidia CEO Jensen Huang said Marvell could be the next trillion dollar company . Hewlett Packard Enterprise — The information technology stock surged 25% after Hewlett Packard posted current-quarter earnings and revenue guidance that topped analysts’ estimates. The company also raised its full-year earnings guidance and topped consensus expectations. Victoria’s Secret — The lingerie retailer raised its full-year guidance after beating fiscal first quarter earnings expectations, citing lower tariff costs. Victoria’s Secret is now anticipating full-year sales between $7.03 billion and $7.13 billion, up from a previous range of between $6.85 billion to $6.95 billion. Shares rallied more than 35%. Credo Technology — Shares fell 3% despite Credo, which produces cables and chips to connect powerful AI computers, reporting a fourth-quarter beat on both the top and bottom lines. The company posted adjusted earnings of $1.16 per share on revenue of $437 million, beating the earnings of $1.03 and $432 million in revenue that analysts were expecting, per LSEG. Credo also shared current-quarter revenue guidance that beat the consensus forecast. Microchip Technology — The semiconductor stock rallied 12% after Microchip released revenue information for its data center solutions business unit. The unit generated $302.7 million in revenue in 2025, and Microchip sees the top line growing by about 65% this calendar year. Revenue for the quarter ending March 2026 was also up 62.9% from the prior year’s quarter. Alphabet — Shares dipped 2.8% after the Google parent company said it plans to sell $80 billion in stock, including through a $10 billion investment by Berkshire Hathaway. STMicroelectronics — The semiconductor company rallied more than 10% after the company raised its revenue ambition for data centers to about $1 billion in 2026, compared to a forecast of “nicely above $500 million” that it issued previously. — CNBC’s Lisa Kailai Han contributed reporting
Stocks making the biggest moves premarket: MRVL, HPE, VSXY
You May Also Like
More From Author
Polymarket closes first block trade in push for institutional adoption
