Nvidia CEO Jensen Huang says Marvell could become a trillion-dollar chipmaker.

Listen below or on the go on Apple Podcasts and Spotify Nvidia CEO Jensen Huang says Marvell could become a trillion-dollar chipmaker. (0:15) Hewlett Packard Enterprise jumps on outlook. (0:55) McDonald's tests chicken wings as global demand outpaces beef. (1:33) This is an abridged transcript of the podcast: Our top story so far, Nvidia (NVDA) CEO Jensen Huang said Marvell Technology (MRVL) could become the next semiconductor company to reach a $1T market value, citing growing demand for AI infrastructure. Speaking alongside Marvell CEO Matt Murphy in Taipei, Huang outlined his vision for the next phase of AI infrastructure, emphasizing a shift from traditional copper interconnects to optical networking technology. Marvell's market value currently stands at about $190B, but Huang's comments helped send shares sharply higher, adding more than $40B to the company's valuation. The move also decimated put holders ahead of Friday's options expiration. One heavily traded put strike with nearly 14,000 contracts of open interest is now so far out of the money as to be essentially worthless. Among other active stocks, Hewlett Packard Enterprise (HPE) is rallying sharply after topping estimates with its Q2 results and outlook. Morgan Stanley analyst Erik Woodring said HPE, like Dell, is benefiting from strong server demand and market share gains as AI infrastructure spending continues to accelerate. Credo Technology (CRDO) is under pressure despite posting a beat-and-raise quarter. Revenue jumped 157% year over year to $437M, only modestly ahead of expectations. And Intuit (INTU) is lower after Goldman Sachs downgraded the stock to Sell from Neutral. The firm cited concerns about growing competition, slowing Mailchimp growth and Intuit's ability to achieve its long-term targets. In other news of note, McDonald's (MCD) is continuing to test chicken wings as it looks to expand its menu and compete more aggressively in the fast-growing chicken category. Bloomberg reported that the company is experimenting with hand-breaded chicken wings as a potential addition to its national menu. Earlier this year, McDonald's added bone-in fried chicken wings to test menus at select locations in the Chicago area alongside other new chicken offerings, including a McSpicy sandwich. On its most recent earnings call, management noted that chicken is a larger category than beef globally and is growing twice as fast. And in the Wall Street Research Corner, William Blair updated its Conviction List for June, adding Cloudflare (NET), Fastenal (FAST) and Ethos Technologies (LIFE), while removing Guardant Health (GH), AAON (AAON) and Tyler Technologies (TYL). Analysts said Cloudflare remains well positioned to benefit from AI-related demand across edge infrastructure, security and developer tools. Fastenal was added on expectations for strong May sales growth, while Ethos Technologies made the list for helping make life insurance easier to buy and sell. William Blair said the expected upside in the three deleted stocks has largely been realized.

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