Marvell Technology Drops, Macy's Rises, Hive Digital Gains on $350 Million AI Data Center Deal
About this episode
On this episode of Stock Movers:
-Marvell Technology (MRVL) shares drop. UBS analyst Timothy Arcuri cut the target on Marvell Technology Inc. to $300 from $340. Maintains buy rating.
-Macy's (M) shares rise. Berkshire added 4,309,071 shares of Macy's, increasing its position to 7,347,426 shares as of June 30, 2026, up from around 3 million disclosed in the first quarter of 2026.
-Hive Digital (HIVE) shares gain. The Bitcoin miner said that its data-center subsidiary Buzz High Performance Computing Inc. signed a five-year $350 million cloud-services deal at the Bell AI Fabric facility in British Columbia.
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