Today's Morning Movers and Top Ratings | DELL, INTC, LULU, ULTA and More
Morning Movers
Gapping up
$Marvell Technology (MRVL.US)$ stock soared 10.8% as the chipmaker reported second-quarter revenue that exceeded expectations, with its data center business nearly doubling revenue amid robust AI-driven demand.
$Dell Technologies (DELL.US)$ stock rose 4.6% after the company reported second-quarter results that exceeded estimates and increased its annual earnings forecast, driven by record revenue in its infrastructure solution business and strong demand for its AI-optimized servers.
$Intel (INTC.US)$ stock increased by 3.6% following reports that the company is considering divesting its foundry business and canceling plans for new factories to manage a significant slowdown.
$Intuitive Machines (LUNR.US)$ stock surged 21.4% after announcing a $117 million contract awarded by NASA to deliver six science and technology payloads to the Moon's South Pole.
$Lululemon Athletica (LULU.US)$ stock gained 4.2%, despite the athletic apparel retailer cutting its annual sales and profit forecasts due to slowed demand in North America amid selective consumer spending.
Gapping down
$Ulta Beauty (ULTA.US)$ stock slumped 8.6% after the cosmetics retailer reduced its annual sales and profit forecasts, impacted by declining demand for higher-priced cosmetics and fragrances.
Source: CNBC; Investing.com
US Top Rating Updates on 08/30
Source: Dow Jones
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