On a relatively light earnings calendar, U.S. chipmaker Marvell Technology (NASDAQ:MRVL) will likely be the headliner after the close.
The semiconductor group has been a major competitor of larger rival Broadcom (NASDAQ:AVGO) as a provider of custom and networking chips. On Monday, media reports said it is in advanced discussion to acquire startup Celestial AI in a potential cash-and-stock deal worth multiple billions of dollars.
The likes of MongoDB (NASDAQ:MDB), Vestis (NYSE:VSTS) and Credo Technology (NASDAQ:CRDO) will also be in the spotlight after the companies reported results after the close Monday.
Additionally, Dell Technologies (NYSE:DELL) stock rose Tuesday after President Donald Trump praised the Dell family following their massive philanthropic donation.
Michael and Susan Dell announced they will give $250 each to 25 million American children under 10 years old to jumpstart investment accounts for their futures. The $6.25 billion gift extends the "Invest America" initiative created earlier this year as part of President Trump’s One Big Beautiful Bill Act, which automatically seeds accounts with $1,000 for children born between 2025 and 2028.
Bitcoin rebounds from slump to help steady crypto-related stocks
Bitcoin (BitfinexUSD) rose more than 7% to climb back above $90K on dip buyers bought the recent selloff, helping ease negative sentiment on crypto-related stocks.
Strategy Inc (NASDAQ:MSTR), Coinbase Global Inc (NASDAQ:COIN), Marathon Petroleum Corp (F:MPN) were sharply higher.
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Peter Nurse, Ayushman Ojha contributed to this article








