Key Stock Movers Ahead of the Trading Open – Marvell, HP Enterprise, Victoria’s Secret Lead Gains

Marvell Technology’s shares jumped 25% after Nvidia CEO Jensen Huang suggested the company could become the next trillion‑dollar enterprise, sparking significant premarket activity. Hewlett Packard Enterprise also saw a 25% rally, propelled by earnings and revenue guidance that exceeded analyst forecasts and an upward revision of its full‑year expectations. Victoria’s Secret lifted its full‑year sales outlook to $7.03 billion–$7.13 billion after surpassing fiscal first‑quarter earnings, attributing the improvement to reduced tariff costs. Credo Technology experienced a 3% decline despite reporting a Q4 earnings beat, with adjusted earnings of $1.16 per share on $437 million in revenue, eclipsing consensus estimates, yet it also projected stronger revenue for the current quarter. Microchip Technology advanced 12% following the release of robust revenue figures from its data center solutions business, posting $302.7 million in 2025 and forecasting a 65% top‑line growth this calendar year, with quarter‑ending‑March 2026 revenue up 62.9% year over year. – CNBC’s Lisa Kailai Han, contributed reporting.

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