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Gap Drops, Nutex Health Falls, Marvell Rises as Bullish Target Shows AI Demand
Description
On this episode of Stock Movers:
- Gap (GAP) shares drop after the company reported fourth-quarter sales and profit that came in slightly below expectations, as two of its apparel chains underperformed. Old Navy and Athleta missed comparable-sales estimates, while Gap and Banana Republic beat.
- Nutex Health (NUTX) shares fall after trading before regular market hours. The company reported EPS and sales below estimates. The company attributed the lower-than-expected revenue to a one-time cumulative true-up of arbitration claims that arbitrators determined were ineligible under the independent dispute resolution process, according to a press release.
- Marvell (MRVL) shares up after the chipmaker said its year-over-year revenue growth rate will accelerate each quarter throughout fiscal 2027, a bullish target that shows soaring demand from data center-related applications.
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