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Marvell Technology, Nvidia, Tesla, Apple And Other Big Stocks Moving Higher On Tuesday
Benzinga·04/08/2025 14:37:05
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U.S. stocks were higher, with the Dow Jones index surging over 1,300 points on Tuesday.
Shares of Marvell Technology, Inc. (NASDAQ:MRVL) rose sharply during Tuesday's session after Infineon Technologies agreed to acquire its Automotive Ethernet Business for $2.5 billion in cash.
The transaction includes Marvell’s Brightlane Automotive Ethernet portfolio and related assets. The company projected this segment to generate $225 million to $250 million in revenue in 2025, with a gross margin of around 60%.
Marvell Technology shares jumped 10.1% to $56.16 on Tuesday.
Here are some other big stocks recording gains in today's session.
- agilon health, inc. (NYSE:AGL) shares jumped 31.8% to $5.60.
- NextDecade Corporation (NASDAQ:NEXT) gained 23.3% to $7.38 after the company announced a 20-year LNG sale and purchase agreement to supply 1.2 million tonnes per year to a subsidiary of Saudi Aramco.
- Venture Global, Inc. (NYSE:VG) gained 21.4% to $8.50.
- CorMedix Inc. (NASDAQ:CRMD) shares rose 21.1% to $7.36 after the company issued first-quarter preliminary revenue guidance above estimates.
- Pacira BioSciences, Inc. (NASDAQ:PCRX) gained 16.1% to $26.60 after HC Wainwright & Co. raised its price target on the stock from $48 to $65 and maintained a Buy rating.
- Alignment Healthcare, Inc. (NASDAQ:ALHC) jumped 14.9% to $20.48.
- Uxin Limited (NASDAQ:UXIN) gained 14.7% to $3.9098.
- Carvana Co. (NYSE:CVNA) climbed 14.6% to $192.29.
- Applied Optoelectronics, Inc. (NASDAQ:AAOI) rose 14% to $12.81.
- ECARX Holdings Inc. (NASDAQ:ECX) gained 14% to $1.14 after the company announced it increased its share repurchase program by $20 million to $40 million.
- Humana Inc. (NYSE:HUM) rose 12.3% to $286.14 following a WSJ report indicating the Trump administration will increase Medicare Advantage rates.
- Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM) gained 12.4% to $61.76. Canaccord Genuity analyst Whitney Ijem maintained Rhythm Pharmaceuticals with a Buy and raised the price target from $81 to $92.
- Grab Holdings Limited (NASDAQ:GRAB) rose 12.4% to $3.9150.
- Sandisk Corporation (NASDAQ:SNDK) gained 12.4% to $35.40.
- Western Digital Corporation (NASDAQ:WDC) rose 10% to $34.26.
- AppLovin Corporation (NASDAQ:APP) gained 10% to $255.36.
- CVS Health Corporation (NYSE:CVS) rose 8.5% to $69.29 after the company announced changes to management and Medicare increased advantage payment rates.
- NVIDIA Corporation (NASDAQ:NVDA) gained 7.9% to $105.39.
- Shopify Inc. (NYSE:SHOP) rose 7.8% to $85.05.
- Tesla, Inc. (NASDAQ:TSLA) gained 6.3% to $248.09.
- Apple Inc. (NASDAQ:AAPL) rose 4.2% to $189.13. U.S. consumers are reportedly rushing to Apple stores to purchase new iPhones ahead of potential price hikes caused by President Donald Trump’s newly announced tariffs on Chinese imports.
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① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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