Nvidia Shares Rise as CEO Notes AI Supply Capacity
U.S. equity futures showed modest moves ahead of the trading session. Several semiconductor companies reported earnings results or updated revenue forecasts tied to data center demand.
pandaily.comU.S. equity index futures pointed to a mixed open, with the S&P 500 futures down 0.2 percent, Nasdaq 100 futures flat, and Russell 2000 futures down 0.1 percent. Nvidia shares rose 1.5 percent in pre-market trading. The company's CEO stated that the firm has capacity to supply robust AI growth despite constraints.
Enterprise shares climbed 25 percent after the company reported earnings and revenue above expectations and raised its profit outlook for the next quarter and fiscal year. The results highlighted strong server demand linked to AI infrastructure growth.
Microchip shares increased 8 percent after the company projected that its data center solutions business would grow about 65 percent to roughly 500 million dollars in calendar 2026. STMicroelectronics shares gained 11 percent after the company raised its 2026 data center revenue expectation to about 1 billion dollars from a prior range above 500 million dollars and said revenue could double in 2027.
Marvell shares advanced 23 percent. At a Computex conference, Nvidia's chief executive reportedly said the next trillion-dollar company will be Marvell.
Transparency
Reported by a single outlet. This score reflects source tier and factual specificity — corroboration is limited with one source.
Story details
Related Stories
thehindu.comU.S. Strikes Botswana-Flagged Tanker in International Waters; Iran Blockade in Effect
A U.S. aircraft fired an AGM-114 Hellfire missile into the engine room of the M/T Lexie on Tuesday, disabling the unladen vessel as it headed toward Kharg Island. The strike followed repeated ignored warnings over 24 hours.
prnewswire.comFed Chairman Names Two Outside Advisers During Transition
Federal Reserve Chairman Kevin Warsh appointed two interim advisers shortly after taking the post. One previously contributed to a conservative plan calling for major changes at the central bank.
insidermonkey.comForte Biosciences Accepts Resignation of Director David Veitch
Forte Biosciences disclosed the resignation of independent director David Veitch from its board effective June 1 2026. The departure reduces the company's board size and triggers standard SEC and Nasdaq disclosure obligations for director changes at the clinical-stage biopharmace…