Marvell Technology Group Ltd. (NASDAQ:MRVL) shares fell sharply after the company issued a sales forecast that came in below Wall Street expectations, overshadowing record second quarter results fueled by strong demand in artificial intelligence.
For Q2, Marvell reported adjusted earnings of $0.67 per share and revenue of $2.01 billion, both in line with analyst estimates. Revenue rose 58% year-over-year, while adjusted earnings grew 123%.
Valuations in the artificial intelligence sector are approaching dotcom-era levels, UBS has warned, with US technology stocks trading at an economic price-to-earnings multiple above 35 times.
The bank noted that excitement around AI has driven unprecedented investment, with combined capex from Meta (NASDAQ:META), Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) this year expected to exceed that of the entire listed energy and utilities sectors in the US and Europe.
CrowdStrike Holdings Inc (NASDAQ:CRWD) reported second quarter fiscal 2026 results that drew a favorable reaction from Wedbush analysts, who highlighted the cybersecurity firm’s platform growth and AI-driven expansion.
The company posted total revenue of $1.168 billion, above the Street estimate of $1.150 billion and its guidance range of $1.145 billion to $1.152 billion.
Snowflake Inc (NYSE:SNOW) shares surged more than 15% in early trade on Thursday as the AI data cloud firm’s second quarter earnings impressed Wall Street.
Revenue was up 32% year-over-year at $1.1 billion, ahead of estimates of $1.09 billion.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) shares are tipped for significant upside, with London-based stockbroker Zeus Capital repeating a ‘buy’ recommendation, following Thursday’s financial results.
The company reported a 48% increase in second-quarter production to 3,768 barrels of oil equivalent per day, as operations in Colombia continue to ramp up.
Oil prices dipped on Thursday morning but Citi reckons they will remain supported for the rest of the quarter, before perhaps softening into the end of the year.
Brent crude front-month futures were down 0.5% today at $67.7 a barrel, up from lows near $60 in early May, but below June's six-month peak of almost $77.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) shares fell over 3% in afterhours trading despite the chipmaking colossus beating revenue estimates and announcing a $60 billion share buyback programme.
Quarterly revenues rose 56% year-on-year to $46.7 billion, beating estimates of $46.2 billion, and gross margin of 72.7% also exceeded forecasts.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) shares may face near-term headwinds even as Goldman Sachs remains optimistic about the company’s long-term growth.
The firm’s analysts said they remain “very bullish on Nvidia’s prospects for driving outsized growth in 2026,” but warned the stock could struggle in the coming months.
MongoDB Inc (NASDAQ:MDB) shares surged more than 32% as the document database reported strong second quarter earnings and raised its full year revenue and profit guidance, driven by demand for its Atlas cloud database service.
For Q2, revenue grew 24% from the year-ago quarter to $591.4 million, ahead of estimates of $580.1 million.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is set to report its second quarter results amid expectations of robust growth across its data center and compute segments, according to analysts at UBS.
Ahead of the report, the firm raised its price target to $205 from $175 and maintained a ‘Buy’ rating.
Investors are closely watching the US cannabis space after President Donald Trump signaled plans to reschedule marijuana, a move that is expected to unlock near-term financial relief and longer-term growth for the industry.
Trump recently stated that his administration will “be moving forward soon with rescheduling marijuana,” referring to its reclassification as a lower-risk Schedule III drug. It is currently classified in Schedule I alongside heroin, ecstasy (MDMA) and LSD.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) will report earnings Wednesday after the bell in what Wedbush analysts are calling a pivotal moment for both the company and the broader technology sector.
“There is one chip in the world fueling the AI Revolution and that is Nvidia,” the firm wrote, stressing that demand for its processors is running at a 10:1 ratio against supply.
Electronic Arts Inc (NASDAQ:EA, ETR:ERT)’ upcoming release of Battlefield 6 could prove a turning point for the franchise, according to analysts at Wedbush, who reiterated an “Outperform” rating on the stock with a $210 price target.
Shares of EA traded hands at about $173 on Monday afternoon, giving the company a market capitalization of $43.15 billion.
Roblox Corp (NYSE:RBLX) shares added almost 8% at about $126 on Monday morning after the gaming platform saw bullish commentary from several analysts, citing its strong user growth and monetization prospects.
On Friday, Wolfe Research analysts upped their rating on the stock to ‘Buy’ from ‘Hold’ and increased their price target to $150, while earlier this month Oppenheimer boosted its price target to $158 while maintaining its ‘Outperform’ rating.