Stocks to Watch: Alphabet, Marvell, HPE -- WSJ

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By WSJ staff

Alphabet $(GOOGL)$: The stock fell more than 2.5% premarket after the company said it plans to raise $80 billion to help finance AI infrastructure investments. Shares in Berkshire Hathaway $(BRK.B)$, which agreed to buy $10 billion of stock, are little changed ahead of the bell.

Marvell Technology $(MRVL)$: The chip maker's stock soared by nearly a quarter premarket after Nvidia CEO Jensen Huang said it could become the next trillion-dollar company thanks to demand for AI hardware. Shares in Broadcom $(AVGO)$, which like Marvell provides equipment that helps scale up data centers, also jumped. Shares in Nvidia (NVDA), which has invested in Marvell, advanced more than 1%.

Hewlett Packard Enterprise $(HPE)$: The stock is surging premarket after the server company reported rampant compute demand from customers transitioning to AI tools.

STMicroelectronics (FR:STMPA, STM): Paris-listed shares in the chip maker jumped after it raised its data-center revenue target on booming, you guessed it, AI demand.

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(END) Dow Jones Newswires

June 02, 2026 05:43 ET (09:43 GMT)

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