Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting it to accelerate its long-term financial goals by two years, as expansion of AI data centers boosts demand, sending its shares up 27% in premarket trading.
Marvell Technology jumped as much as 23% in premarket trading, after NVIDIA CEO Jensen Huang said Marvell will be the next trillion‑dollar company.
Fluence Energy stock jumped another 4% in premarket trading as it announced partnerships with Nvidia, Siemens, and nVent focused on AI data center architecture and energy management. The collaboration is expected to integrate Fluence’s energy storage solutions with Nvidia-powered AI workloads, improving efficiency and reliability for large-scale data centers.
Abivax S.A. down 29% in premarket trading after the company announced results from its Phase 3 maintenance trial evaluating obefazimod in adults with moderately to severely active ulcerative colitis. While the trial met its primary endpoint and both the 25 mg and 50 mg dose groups achieved their respective targets, the market reacted negatively to the data, triggering a sharp sell-off in trading. The decline suggests investors may have found the magnitude of the clinical benefit insufficient relative to elevated expectations following a recent rally driven by strong cash reserve disclosures.
Credo Technology Group Holding Ltd down 5% inpremarket trading after the electrical cable provider detailed sales guidance that came in a bit light, overshadowing the company’s better-than-expected fiscal 2026 fourth-quarter earnings as it attempts to become the dominant player in artificial-intelligence connectivity.
Alphabet down 2% inpremarket trading as the search engine and cloud computing company said it would issue $80 billion of equity, including $10 billion of stock to Berkshire Hathaway at a discount as it funds its AI infrastructure buildout, reviving some worries about so-called hyperscalers’ planned spending sprees.