AI Rally Pushes MRVL, AVGO, HPE to Fresh 52-Week Highs

Marvell Technology leapt about 32% to an all-time intraday high after Nvidia CEO Jensen Huang called it the “next trillion-dollar company” at Computex, helping MRVL vault to 52-week highs as AI data-center demand grows. Broadcom advanced to a yearly high near $489 ahead of its Q2 results amid AI infrastructure optimism and strategic deals, while Hewlett Packard Enterprise surged over 19% as analysts raised price targets following strong Q2 performance and guidance. Together, the moves reflect rampant investor enthusiasm for AI-related stocks.