U.S. stocks closed slightly higher on Tuesday. By the closing bell, the Dow Jones Industrial Average had risen 0.45% to 51,307.79 points; the Nasdaq Composite gained 0.03% to 27,093.90 points; and the S&P 500 index advanced 0.13% to 7,609.90 points.
Total options market volume reached 57,233,229 contracts, with call options accounting for 64%.
Top 10 Option Volumes
$Marvell Technology(MRVL) $surged over 32% overnight, with options volume hitting 590,000 contracts — 4.6× its 90-day average. June 5 expiry $320 strike call options saw standout volume, with 45,711 contracts changing hands. $MRVL 20260605 320.0 CALL$
At COMPUTEX 2026 on June 2, Nvidia CEO Jensen Huang shared the stage with Marvell Technology president and CEO Matt Murphy — and flatly called Marvell “the next trillion-dollar company.”
The comment triggered an immediate reassessment of Marvell’s strategic value as a core enabler of AI infrastructure. Huang argued that as AI token generation moves squarely into its monetization phase, distributed “agentic” compute is detonating demand for massive high-speed interconnect capacity.
On interconnect strategy, Huang set the tone succinctly: use copper where you can, only go optical where you must. But Marvell’s CEO countered that physics is shrinking the “copper frontier” back inside the rack — meaning optical interconnects and CPO (co-packaged optics) are poised for an explosive breakout.
Unusual Options Activity
$HewlettPackardEnterprise(HPE)surged over 19% overnight, with options volume hitting 480,000 contracts—15.9× its 90-day average. June 5 expiry $60 strike call options saw particularly heavy volume, with 21,967 contracts changing hands.$HPE 20260605 60.0 CALL$
Shares rallied mainly because full-year revenue guidance came in well above Wall Street expectations.
Management now sees fiscal 2026 revenue up ~31% YoY and fiscal 2027 up ~10%, versus consensus estimates of roughly 19% and 5.3%.
CEO Antonio Neri said the growth is driven by higher unit volumes, disciplined pricing execution, and accelerating enterprise demand for AI inference tooling.
In the quarter through April, revenue rose 40% to $10.7 billion, with server sales up 33%. For the full year, adjusted EPS is guided to about $3.40, well ahead of the street estimate of $2.43.
$NuHoldingsLtd(NU)tumbled over 8% overnight, with options volume hitting 400,000 contracts—6.5× its 90-day average. August 21 expiry $13 strike call options saw exceptionally heavy volume, with 74,906 contracts changing hands. $NU 20260821 13.0 CALL$
Nu Holdings announced it has hired Visa North America CFO Rob Livingston as its new Chief Financial Officer. Current CFO Guilherme Lago will step down on July 13, moving to a role as Special Advisor to management and the Audit & Risk Committee. Lago previously led Nu Holdings through its 2021 NYSE listing.
The incoming CFO will be based in the United States. Nu Holdings already holds conditional approval to establish a bank in the U.S. and is actively preparing its U.S. market expansion. CEO David Vélez said Livingston brings deep experience across global financial institutions and the U.S. market. That said, the market is weighing uncertainty around the key finance-leadership transition and what it signals about the company’s strategic center of gravity.
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