U.S. stocks were mixed, with the Dow Jones gaining around 100 points on Wednesday.
Shares of Marvell Technology, Inc. (NASDAQ:MRVL) rose sharply during Wednesday's session after the company beat third-quarter earnings estimates.
Marvell reported quarterly adjusted earnings of 76 cents per share, which beat the analyst estimate of 73 cents, according to Benzinga Pro. Quarterly revenue came in at $2.08 billion, which beat the Street estimate of $2.07 billion and was up from revenue of $1.52 billion from the same period last year. Marvell also announced the acquisition of Celestial AI.
Marvell Technology shares surged 7.5% to $99.83 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Ambitions Enterprise Management Co. L.L.C (NASDAQ:AHMA) shares jumped 32% to $16.15.
- MapLight Therapeutics, Inc. (NASDAQ:MPLT) gained 23% to $15.91.
- Aeva Technologies, Inc. (NASDAQ:AEVA) shares rose 19.9% to $13.06 after the company announced it was selected by a Top European Passenger OEM as its exclusive LiDAR supplier for its global series-production vehicle platform to enable Level 3 automated driving.
- Anavex Life Sciences Corp. (NASDAQ:AVXL) gained 18.1% to $4.3350.
- POET Technologies Inc. (NASDAQ:POET) rose 16.4% to $5.45.
- American Eagle Outfitters, Inc. (NYSE:AEO) gained 13.3% to $23.59 after the company reported better-than-expected third-quarter results.
- KalVista Pharmaceuticals, Inc. (NASDAQ:KALV) rose 12.5% to $15.22.
- Genius Sports Limited (NYSE:GENI) gained 11.3% to $11.26.
- American Bitcoin Corp (NASDAQ:ABTC) rose 10% to $2.4072.
- Microchip Technology Incorporated (NASDAQ:MCHP) gained 9.5% to $62.07 fter the company announced it raised its FY26 guidance.
- e.l.f. Beauty, Inc. (NYSE:ELF) gained 8.2% to $80.30.
- Box, Inc. (NYSE:BOX) rose 7.1% to $32.31 as the company posted in-line earnings for the third quarter.
- ON Semiconductor Corporation (NASDAQ:ON) gained 6% to $54.52.
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