Marvell Surges, Victoria's Secret Climbs, Deere Rises on Tariff Cuts

On this episode of Stock Movers:
- Marvell (MRVL) shares surged after Nvidia Corp.'s Jensen Huang predicted the company will be the next to hit a $1 trillion valuation. Marvell's valuation will soar now that the age of "useful AI has arrived," according to Huang, alongside Marvell CEO Matt Murphy at Computex trade show in Taipei.
- Victoria's Secret (VSXY) shares soared after the company beat earnings estimates and boosted its outlook, adding to signs of progress for Chief Executive Officer Hillary Super’s turnaround plan.
- Deere (DE) shares rise. Shares of Deere & Co. and its peers are higher, while residential HVAC names surge, after the Trump administration said it would cut tariffs on farm equipment, construction equipment and residential HVAC systems starting June 8. Analysts say the agricultural equipment a clear beneficiary, with a smaller boon for construction equipment manufacturers.

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