Market Movers: AI Infrastructure and Energy Stocks Dominate Trading

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2026-06-04 13:10:02

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Marvell Technology shares surged following Nvidia CEO Jensen Huang's bullish remarks, with investors betting on the chipmaker's potential to capitalize on the AI boom. The company's networking chips and data-center hardware position it as a critical player in AI infrastructure development.

Alphabet faces scrutiny over its $80 billion AI investment plan, as shareholders debate whether the tech giant can deliver commensurate returns. Meanwhile, GameStop's earnings beat and $2 billion stock buyback announcement fueled a rally in its shares.

Crude oil's climb above $95 per barrel has lifted energy stocks while reigniting inflation concerns. The commodity's upward trajectory reflects tightening global supply conditions and robust demand.

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