Marvell Technology Soars on NVIDIA CEO's Endorsement, Joins Relmada Therapeutics and Other Big Stocks Moving Higher in Wednesday's Pre-Market Session

U.S. stock futures were sharply higher this morning, with the Nasdaq futures surging more than 7.09% on Wednesday following a massive wave of optimism sweeping through the artificial intelligence ecosystem and enterprise hardware sectors.

Shares of Marvell Technology Inc (NASDAQ:MRVL) skyrocketed in pre-market trading, continuing to capture outsized gains linked to exponential capital flows targeting high-end chip designers.

Marvell has triggered an industry-wide re-rating after NVIDIA CEO Jensen Huang explicitly endorsed the company at the Computex event. The stock’s massive momentum built directly upon a 32% explosive rally in the previous session, further amplified by a strategic NVIDIA partnership and the commercial roll-out of Marvell’s new 102.4 Tbps low-power data center switch designed specifically to handle next-generation AI workloads.

Marvell shares jumped 11.73% to $324.92 in pre-market trading.

Here are some other stocks moving higher in pre-market trading:

• Relmada Therapeutics Inc (NASDAQ:RLMD) shares surged 15.41% to $7.41 in pre-market trading, gaining steady momentum on heavy speculative volume ahead of upcoming clinical data readouts.
• Eightco Holdings Inc (NASDAQ:ORBS) climbed 13.27% to $1.02 in pre-market trading, catching a micro-cap momentum lift following trailing liquidity and operational updates.
• Abivax SA (NASDAQ:ABVX) advanced 13.10% to $82.00 in pre-market trading, experiencing a sharp technical reversal after shedding over 30% of its market value on Tuesday.
• GameStop Corp (NYSE:GME) rose 12.61% to $23.56 in pre-market trading after dropping its Q1 financial results early, delivering a massive jump in quarterly net income to $389.6 million alongside a fresh $2 billion share buyback authorization and an aggressive stake increase in its acquisition target, eBay.
• Nextav Inc (NASDAQ:NN) pushed 12.21% higher to $22.50 in pre-market trading, extending gains from its recent official notice of redemption to clear roughly 10 million outstanding public warrants and simplify its long-term balance sheet.
• Rezolute Inc (NASDAQ:RZLT) gained 11.74% to $4.47 in pre-market trading, attracting steady healthcare investor interest following positive clinical pipeline summaries.
• Silvaco Group Inc (NASDAQ:SVCO) rose 10.92% to $13.50 in pre-market trading, riding broad tech-sector tailwinds as demand for electronic design automation (EDA) software scales.
• BitVentures Ltd – ADR (NASDAQ:BVC) advanced 10.85% to $10.54 in pre-market trading, as localized blockchain infrastructure volume surged over the past 24 hours.
• AngioDynamics Inc (NASDAQ:ANGO) rose 9.19% to $11.99 in pre-market trading, finding buyers following supportive niche medical technology distribution data.