Check out the companies making headlines before the bell: Marvell Technologies — Shares soar 25% after Nvidia CEO Jensen Huang said Marvell could be the next trillion-dollar company. Hewlett Packard Enterprise — IT stocks soared 25% after Hewlett Packard reported earnings and earnings guidance for the current quarter that beat analysts’ expectations. The company also raised its full-year profit forecast, exceeding consensus estimates. Victoria’s Secret — The lingerie retailer raised its full-year outlook after beating profit expectations in the fiscal first quarter, citing lower customs costs. Victoria’s Secret now expects full-year sales of $7.03 billion to $7.13 billion, up from its previous range of $6.85 billion to $6.95 billion. The stock price rose more than 35%. Credo Technology — Shares fell 3% even though Credo, which makes cables and chips to connect to powerful AI computers, reported fourth-quarter gains in both revenue and bottom line. According to LSEG, the company’s adjusted earnings were $1.16 per share and revenue of $437 million, beating analysts’ estimates of profit of $1.03 and revenue of $432 million. Credo also shared its revenue outlook for the current quarter, which beats consensus estimates. Microchip Technology — Semiconductor shares rose 12% after Microchip released earnings information for its Data Center Solutions business unit. The division will generate $302.7 million in revenue in 2025, and Microchip expects sales to rise about 65% this year. Revenue for the quarter ending March 2026 also increased 62.9% year-on-year. Alphabet — Shares fell 2.8% after Google’s parent company announced plans to sell $80 billion in stock, including a $10 billion investment by Berkshire Hathaway. STMicroelectronics — The semiconductor company rose more than 10% after the company raised its data center revenue target to about $1 billion in 2026, compared to the company’s previously announced forecast of “well over $500 million.” —CNBC’s Lisa Kailai Han contributed to this report
