--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — Marvell Surges 32% on Jensen Huang's COMPUTEX Endorsement" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000709604.md" description: "🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Marvell jumps 32% as Jensen Huang spotlights AI networking chips, Broadcom reports Q2 tonight, YZJ completes US$1.05B Poseidon stake." datetime: "2026-06-03T02:50:32.000Z" locales: - [en](https://longbridge.com/en/topics/100000000709604.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000709604.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000709604.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — Marvell Surges 32% on Jensen Huang's COMPUTEX Endorsement Midday update: Jensen Huang name-dropped Marvell Technology at COMPUTEX and the stock shot up 32% to a new all-time high. S&P 500 closed above 7,600 for the first time in history. And tonight, Broadcom reports its Q2 AI chip results after the close — the most important earnings print of the week. ## 💬 Today's 3 Big Questions 1. Jensen Huang called out Marvell by name at COMPUTEX as the core AI networking silicon partner. MRVL makes the custom ASICs that connect GPU clusters inside hyperscaler data centres — a role arguably as critical as the GPU itself. Is MRVL now a must-own AI infrastructure name alongside NVDA and MU, or has the 32% single-day move already priced in the next year of growth? 2. SpaceX is targeting an IPO at $135 per share to raise $75 billion, which would be the largest tech IPO in history. Morningstar flags that secondary market pricing already implies a valuation at less than half the IPO target. Would you buy SpaceX at the IPO price — or wait for the post-listing correction? 3. Broadcom reports tonight with the street modelling $22.1B revenue (+47% YoY) and AI revenue of $10.7B (+140% YoY). With MRVL +32%, HPE +20%, NVDA +6%, and PANW all beating on AI demand this week — does AVGO have to absolutely crush to maintain the AI narrative, or is a strong in-line print enough? 👇 Like, drop your take (20+ words), click "Repost" & earn 288 Task Coins ✨ 🚫 NO duplicates or similar content ⏰ Deadline: June 3, 2026, 11:59 PM (SGT) ## 📊 Quick Market Recap ### 🌍 Global Macro & Markets - **S&P 500 closed above 7,600 for the first time in history**, with gains described as modest but historic; Nasdaq semiconductor index surged **+6%**, powered by MRVL and the broader AI chip rally. - **Oil prices continued to rise** following Monday's 5.5% spike; gold gained approximately **+0.3%**. Middle East supply risk and US-Iran talks timeline remain key variables. - ADP May employment and ISM Services PMI both release tonight SGT; results pending. ### 🇺🇸 US Markets: Marvell +32%, S&P Breaks 7,600, Broadcom Up Tonight - 📈 **S&P 500 closed above 7,600 for the first time. Nasdaq semiconductor index +6%. Broader indices posted modest gains. Chinese-concept stocks outperformed.** - **Marvell Technology (MRVL)** surged **+32% to a new all-time high** after NVIDIA CEO Jensen Huang specifically highlighted the company at COMPUTEX 2026 as a core AI networking silicon partner. MRVL designs the custom ASICs managing high-speed interconnects between GPU clusters inside hyperscaler data centres. - **HP Enterprise (HPE)** extended its post-earnings rally, closing approximately **+20%** in the regular session after Tuesday's +40% after-hours surge. AI server backlog confirmed at **$6.3 billion**. - **Palo Alto Networks (PANW)** reported Q3 fiscal results: revenue **+31% YoY**, annualised recurring revenue (ARR) **+60%**, driven by AI-powered cybersecurity demand. Stock rose in after-hours trading. - **SpaceX** IPO process advancing: targeting **$135 per share** to raise approximately **$75 billion**. Morningstar flagged that secondary market pricing already implies a valuation at less than half the IPO target. - **Biotech sector** saw sharp selling: Nasdaq Biotech Index **-3%**, **Fulcrum Therapeutics -51%**, **Abivax ADR -44%**. - **GameStop (GME)** reported Q1 net sales of **$835 million (+14% YoY)**. - **Broadcom (AVGO)** reports Q2 FY2026 **tonight after the US market close** — consensus expects revenue ~**$22.1 billion (+47% YoY)**, AI revenue **$10.7 billion (+140% YoY)**, AI backlog **$73 billion**. ### 🇸🇬 Singapore Markets - 📈 **STI opened higher Wednesday, tracking the historic June 2 US session.** - Singapore's **Manufactured Products Price Index rose +6.7% MoM** in April 2026, easing from March's +11.2%; year-on-year prices climbed **+27.5%**, led by machinery, electrical equipment, and chemicals. - **Yangzijiang Shipbuilding (BS6.SG)** completed its acquisition of a **10% stake in Poseidon Corp. for US$1.05 billion**, funded entirely through internal cash, making Poseidon an associated company of the Yangzijiang group. - **Wilmar International (F34.SG)** fell **4.18% to S$3.44**, continuing its slide to multi-year lows under the weight of compounding Indonesian legal pressures: Indonesia's Supreme Court has overturned earlier acquittals (triggering forfeiture of a ~US$729 million security deposit), while a separate transfer pricing and export under-invoicing investigation by Indonesian authorities remains active. The stock has now lost significant ground since the legal setbacks began in late 2025. - **DBS Group (D05.SG)** launched a **"tap-to-phone" payment acceptance feature**, becoming the first Singapore bank to let merchants accept contactless card payments directly on Android smartphones without dedicated terminals. - **Thomson Medical (A50.SG)** appointed **Cassandra Loh as acting CEO** of its Singapore operations from 1 July 2026, succeeding Lee Suen Ming. - **Lincotrade (BFT.SG)** secured **seven new contracts totalling S$16.8 million** in Q1 2026, bringing order book to **S$107 million**. ### 🇭🇰 Hong Kong & China Markets - **Alibaba (9988.HK) gained approximately +4%**, part of a broader rally in Hong Kong-listed Chinese tech names. ## 📅 Key Events Tonight / This Week - 🇺🇸 ADP Employment Change (May) — Tonight, June 3, 20:15 SGT - 🇺🇸 ISM Services PMI (May) — Tonight, June 3, 22:00 SGT - 🇺🇸 Broadcom (AVGO) Q2 FY2026 earnings — Tonight, June 3, after US market close - 🇺🇸 Fed Beige Book — June 4, 02:00 SGT (Thursday early morning) - 🇺🇸 COMPUTEX 2026 (June 2–5, ongoing Day 2) - 🇺🇸 Microsoft Build 2026 (ongoing) - 🇺🇸 SpaceX IPO roadshow — Thursday, June 4 (tentative; $135/share, $75B target) - 🇺🇸 US May Nonfarm Payrolls — Friday, June 5, 20:30 SGT - 🌍 US-Iran nuclear talks — Friday, June 5 (tentative; Trump's "one week" deadline) Disclaimer: For reference only, not investment advice. ### Related Stocks - [PANW.US](https://longbridge.com/en/quote/PANW.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [GME.US](https://longbridge.com/en/quote/GME.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BS6.SG](https://longbridge.com/en/quote/BS6.SG.md) - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [BFT.SG](https://longbridge.com/en/quote/BFT.SG.md) - [F34.SG](https://longbridge.com/en/quote/F34.SG.md) - [MRVL.US](https://longbridge.com/en/quote/MRVL.US.md) - [SO7.SG](https://longbridge.com/en/quote/SO7.SG.md) ## Comments (21) - **Jake_L_Kelly · 2026-06-04T06:45:27.000Z**: AI still the main themes, unaffected by the wars going on. Nvidia main strategy changes, building all kinds of partnerships across the board; from software to hardware, upstream and downstream, even bringing alongside old PC companies like DELL and HP, constructing an empire just for one reason. Tru - **NewUser_oPJWOU · 2026-06-03T10:40:51.000Z**: SpaceX targeting the largest tech IPO in history is both exciting and risky. IPOs have generally lost 50% of their value within a year since launching, with hopes dying down after the initial period. I'm concerned with how some retail investors are rushing in to catch these momentum stocks as they a - **Santhosh2002 · 2026-06-03T07:38:11.000Z**: Watching SpaceX - **Dacai · 2026-06-03T06:16:41.000Z**: SpaceX is so hyped up that I wouldn’t want to be caught buying it at an overvalued price. I would wait for the price to stabilise post IPO before considering whether to open a position. - **TheRaccoonAnalysis · 2026-06-03T06:08:12.000Z**: The AI infrastructure trade is broadening beyond GPUs. Marvell’s prominence in custom AI networking silicon underscores how critical interconnects have become for scaling hyperscale AI clusters, but a 32% one-day move likely pulls forward a significant portion of near-term optimism. Future upside ma - **jackson beat it · 2026-06-03T05:41:42.000Z**: MRVL 32% in one day damn shiok but liao i think the easy money already gone, now everything hinges on AVGO tonight, if Broadcom only in line and dun crush then the whole AI chip rally might take a breather🤔 - **Victor y · 2026-06-03T05:38:40.000Z · 👍 1**: MRVL got a big credibility boost from Jensen, +32% in a day already feels like a lot of good news priced in long term wait for pullbacksSpaceX is a quality company IPO pricing sounds rich. Usually better to wait out the initial hype and see where it settles after listingAVGO is in a tough spot expec - **dingdongbell · 2026-06-03T05:24:26.000Z · 👍 1**: We are living in an age where a comment, a tweet or a post can move people. This is a good example of that where the only variable is a comment and the counter goes up by one third its price? No wonder influencers rule social media. What has the world come to? Don’t people think with their own brain - **Heroic Lifesaver · 2026-06-03T04:27:15.000Z · 👍 1**: When a counter goes up just because somebody mentions it, that tells you the state of the market. And the market can stay irrational with FOMO longer than it makes sense. - **pohyc · 2026-06-03T04:15:13.000Z · 👍 2**: spaceX is at steep premium of price-to-sales 90x, no profit yet and Musk's tight control in 80% voting right. I think it will drop below ipo price at launch day. - **NewUser_CkrdqW · 2026-06-03T03:55:36.000Z · 👍 2**: Investors/traders are now chasing after what prominent figures like Trump and Jensen say. Just last month, Trump's call to buy Dell has seen the stock jump double digits as people rush in to buy while Marvell also rose 32% because Jensen labelled it as the next must-have AI company. This is getting - **Tiffany lover · 2026-06-03T03:45:12.000Z · 👍 1**: STI opened higher Wednesday, tracking the historic June 2 US session.本周开工后新加坡股市大涨，特别是三大银行股再创历史新高，祝愿新加坡股市一路攀升，每日新高😊 - **Fundamentalist · 2026-06-03T03:28:23.000Z**: Hype? - **Alpha～ · 2026-06-03T03:13:25.000Z · 👍 1**: 32% in one day is just the beginning for MRVL! Those custom ASICs are literally the backbone connecting every GPU cluster, and with AI infrastructure spending hitting record highs, this could easily run to $200+ 📈 - **LazyCat · 2026-06-03T03:11:32.000Z · 👍 3**: All the excitement about the largest IPO in history.... SpaceX's narrative drives the hype and I'm sure many will FOMO to buy. I'm clueless about their business model and hence I'll just watch from the sidelines. Good luck to the blast off to moon though. - **TC89 · 2026-06-03T03:08:03.000Z · 👍 1**: MRVL is a must-own but move priced. Avoid SpaceX IPO hype, wait for post-listing dip. AVGO needs to crush, not just in-line, to maintain AI momentum. - **Fattycat · 2026-06-03T03:08:00.000Z · 👍 4**: I will take a wait and see approach to the SpaceX listing. Personally, I think it is overpriced. Not worth to chase. I never buy at a premium because that leaves no margin of safety. So be it🤭. - **TehCcc · 2026-06-03T03:05:31.000Z · 👍 1**: ...and that's exactly why I'm keeping some dry powder for Broadcom tonight! If they miss even slightly after this AI rally, everything's gonna get messy real quick 😮‍💨 - **joker2018～11 · 2026-06-03T03:04:56.000Z · 👍 3**: Is anyone else thinking NVDA's dominance might be getting too concentrated for comfort? With Marvell surging 32% just from Jensen's name-drop, it feels like one man's words are moving entire sectors. The custom ASIC angle is solid but this kind of celebrity CEO influence makes me nervous about marke --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**