By George Glover
There's no need for Wall Street to worry about the artificial-intelligence trade fizzling out, judging by the stocks that were rising ahead of the opening bell Tuesday.
Chip maker Marvell Technology jumped 4.2%, having rallied 9.6% the previous session on the news that it would join the S&P 500 later this month.
Other AI-linked names were rising, too. Micron Technology added 4%, Sandisk gained 3.3%, Qualcomm climbed 3%, and Western Digital advanced 2.6%.
The AI rally ground to a halt last week following mediocre revenue guidance from Broadcom, but investors bought the dip in chip makers on Monday. The question for the market now is whether the rebound has legs.
These stocks also were making moves in Tuesday's premarket session:
Nuvalent surged 39% after British pharmaceutical company GSK agreed to buy the cancer-drug developer for $10.6 billion.
Perrigo slid 3.8%. The self-care products maker's President and CEO Patrick Lockwood-Taylor resigned after Perrigo's board found his personal conduct wasn't consistent with the company's code.
Vail Resorts dropped 3.4% after the mountain resorts company said ski pass sales have dropped for the upcoming North American winter season and it cut fiscal-year guidance.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 09, 2026 06:57 ET (10:57 GMT)
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