Major U.S. stock indexes closed higher on Tuesday, with the Dow Jones Industrial Average advancing 0.45% to 51,307.79. The S&P 500 added 0.13% to finish at 7,609.78, while the Nasdaq edged up 0.03% to 27,093.90.
These are the top stocks that gained the attention of retail traders and investors through the day:
Marvell Technology Inc. (NASDAQ:MRVL)
Marvell Technology shares soared 32.52% to close at $290.79, hitting an intraday high of $291.30 and a low of $252.43. The stock’s 52-week range is $61.15 to $291.30. In the after-hours trading, the shares popped 9.64% to $318.83.
The rally was fueled by Nvidia CEO Jensen Huang’s remarks at Computex, where he dubbed Marvell as the “next trillion-dollar company.” Nvidia’s $2 billion investment in Marvell further boosted investor confidence.
Palo Alto Networks Inc. (NASDAQ:PANW)
Palo Alto Networks saw a decline of 1.10%, closing at $297.18. The stock reached an intraday high of $299.33 and a low of $287.27, with a 52-week range of $139.57 to $302.95. The shares fell 3.17% to $287.75 in extended trading.
Palo Alto Networks reported third-quarter fiscal 2026 revenue of approximately $3 billion and adjusted earnings of 85 cents per share, both above analyst expectations. Revenue increased 31% year-over-year, while remaining performance obligations rose 36% to $18.4 billion and next-generation security annual recurring revenue climbed 60% to $8.1 billion.
The company generated $910 million in adjusted free cash flow and ended the quarter with $2.36 billion in cash and cash equivalents. Palo Alto also raised its full-year outlook, forecasting revenue of $11.42 billion to $11.43 billion and adjusted earnings of $3.77 to $3.79 per share, citing growing demand for cybersecurity solutions designed to secure AI deployments.
GameStop Corp. (NYSE:GME)
GameStop shares fell 2.06% to $20.92, with an intraday high of $21.24 and a low of $20.88. The stock’s 52-week range is $19.93 to $31.05. GameStop shares popped 7.07% to $22.40
GameStop reported first-quarter revenue of $835.3 million and earnings of 30 cents per share, both above analyst expectations. Revenue increased 14% year-over-year, driven primarily by growth in collectibles, while the company posted record first-quarter operating income of $143.3 million and record quarterly net income of $389.6 million.
GameStop ended the quarter with $9.7 billion in cash, marketable securities, digital assets and related holdings. The board also approved a new $2 billion share repurchase authorization running through June 2029, replacing the company’s previous buyback program.
Ulta Beauty Inc. (NASDAQ:ULTA)
Ulta Beauty’s stock decreased by 1.18%, closing at $494.87. It reached an intraday high of $502.7 and a low of $492.34, with a 52-week range of $452 to $714.97. In the after-hours session, the stock rose 1.14% to $500.50.
Ulta Beauty reported stronger-than-expected first-quarter results, with earnings of $7.74 per share and revenue of $3.16 billion. Net sales rose 11.1% year-over-year to $3.2 billion, while comparable sales increased 5.3%, driven by higher spending per transaction and increased customer traffic.
The beauty retailer said gross profit climbed 13.8% to $1.3 billion and raised its fiscal 2026 earnings forecast to $28.36-$28.80 per share, while maintaining its full-year revenue outlook of $13.14 billion-$13.26 billion.
GitLab Inc. (NASDAQ:GTLB)
GitLab’s stock dropped 5.83%, closing at $31.82, with an intraday high of $33.64 and a low of $31.37. The 52-week range is $18.73 to $52.38. In the after-hours trading, the shares fell 5.63% to $30.03.
GitLab reported first-quarter results that exceeded analyst expectations, with earnings of 23 cents per share and revenue of $264.2 million. The company cited growing demand for its AI-powered software development tools, including traction for its GitLab Duo Agent Platform.
The company also approved a restructuring plan that included cutting 14% of its workforce, or about 350 employees, and exiting 22 countries, reducing its geographic employee footprint by roughly 37%. The company raised its fiscal 2027 revenue forecast to $1.112 billion-$1.118 billion and reaffirmed an adjusted earnings outlook of 79-82 cents per share.
Benzinga Edge Stock Rankings indicate Marvell stock has a Momentum score in the 98th percentile and a Growth score in the 99th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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