U.S. stocks closed slightly higher on Tuesday. By the closing bell, the Dow Jones Industrial Average had risen 0.45% to 51,307.79 points; the Nasdaq Composite gained 0.03% to 27,093.90 points; and the S&P 500 index advanced 0.13% to 7,609.90 points.

Total options market volume reached 57,233,229 contracts, with call options accounting for 64%.

Top 10 Option Volumes

$Marvell Technology(MRVL) $surged over 32%​ overnight, with options volume hitting 590,000 contracts​ — 4.6×​ its 90-day average. June 5 expiry $320 strike call options​ saw standout volume, with 45,711 contracts​ changing hands. $MRVL 20260605 320.0 CALL$

At COMPUTEX 2026 on June 2, Nvidia CEO Jensen Huang shared the stage with Marvell Technology president and CEO Matt Murphy — and flatly called Marvell “the next trillion-dollar company.”

The comment triggered an immediate reassessment of Marvell’s strategic value as a core enabler of AI infrastructure. Huang argued that as AI token generation moves squarely into its monetization phase, distributed “agentic” compute is detonating demand for massive high-speed interconnect capacity.

On interconnect strategy, Huang set the tone succinctly: use copper where you can, only go optical where you must.​ But Marvell’s CEO countered that physics is shrinking the “copper frontier” back inside the rack — meaning optical interconnects and CPO (co-packaged optics) are poised for an explosive breakout.

Unusual Options Activity

$HewlettPackardEnterprise(HPE)surged over 19%​ overnight, with options volume hitting 480,000 contracts—15.9×​ its 90-day average. June 5 expiry $60 strike call options​ saw particularly heavy volume, with 21,967 contracts​ changing hands.$HPE 20260605 60.0 CALL$

Shares rallied mainly because full-year revenue guidance came in well above Wall Street expectations.

Management now sees fiscal 2026 revenue up ~31% YoY and fiscal 2027 up ~10%, versus consensus estimates of roughly 19% and 5.3%.

CEO Antonio Neri​ said the growth is driven by higher unit volumes, disciplined pricing execution, and accelerating enterprise demand for AI inference tooling.

In the quarter through April, revenue rose 40% to $10.7 billion, with server sales up 33%. For the full year, adjusted EPS is guided to about $3.40, well ahead of the street estimate of $2.43.

$NuHoldingsLtd(NU)tumbled over 8%​ overnight, with options volume hitting 400,000 contracts—6.5×​ its 90-day average. August 21 expiry $13 strike call options​ saw exceptionally heavy volume, with 74,906 contracts​ changing hands. $NU 20260821 13.0 CALL$

Nu Holdings announced it has hired Visa North America CFO Rob Livingston​ as its new Chief Financial Officer. Current CFO Guilherme Lago​ will step down on July 13, moving to a role as Special Advisor to management and the Audit & Risk Committee. Lago previously led Nu Holdings through its 2021 NYSE listing.

The incoming CFO will be based in the United States. Nu Holdings already holds conditional approval to establish a bank in the U.S.​ and is actively preparing its U.S. market expansion. CEO David Vélez​ said Livingston brings deep experience across global financial institutions and the U.S. market. That said, the market is weighing uncertainty around the key finance-leadership transition and what it signals about the company’s strategic center of gravity.