Stocks to Watch: Marvell, GameStop, GitLab, Macy's -- WSJ

Dow Jones06-03 18:01

By WSJ staff

Marvell Technology $(MRVL)$: The semiconductor firm's stock soared another 12% in premarket trading, a day after Nvidia CEO Jensen Huang said Marvell could be the next trillion-dollar chip stock. Marvell shares rose 32% yesterday.

GameStop $(GME)$: Shares in the videogame retailer rallied ahead of the opening bell after it reported a higher first-quarter profit and announced a $2 billion stock buyback program.

GitLab (GTLB): The company, which makes software-development tools, said it would cut about 14% of its staff as part of a pivot toward AI. The stock fell 6% premarket.

Palo Alto Networks (PANW): The cybersecurity firm's earnings beat forecasts, but its shares fell 5% premarket. The stock has nearly doubled in value since April.

Macy's (M) is due to report results before markets open, while earnings from CrowdStrike (CRWD) and Broadcom $(AVGO)$ are expected after the close.

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June 03, 2026 06:01 ET (10:01 GMT)

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