Stock Market Today (LIVE): AMD Caught Buying Marvell Stock; Is Novo Nordisk’s Comeback for Real?

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3:30 pm — MRVL +8.58%, AMD +0.04%

Marvell Technology (MRVL +7.88%) is up 9% Wednesday and back in record-high territory — and it didn’t get there alone. Advanced Micro Devices (AMD 0.72%) quietly disclosed it bought 65,516 shares of MRVL worth about $11.6 million. When a rival chipmaker starts buying your stock, it's worth taking note. It could be that a deeper partnership is brewing.

3:11 pm — NVO +0.17%

Novo Nordisk (NVO +0.28%) has had a rough couple of years — down more than 60% from its peak — but the stock has been acting a lot more alive lately. Q1 results beat already-dreary expectations, thanks largely to oral Wegovy, which signed up two million patients in its first few months on the market. At 13.6x forward earnings versus a sector average of 16.8x, the valuation isn’t exactly screaming danger. In the Moneyball Hidden Gems biotech database, NVO has a Value score of 46 — attractively valued "considering its historical performance and multiples relative to its large-cap pharmaceutical peers," according to the database. Its "strong position" is underpinned by the company's "dominance and intense focus" on the high-growth GLP-1 obesity and diabetes market," the database notes.

2:38 pm — F +14.38%

Trucks? So last year. Ford (F +13.47%) jumped about 10% Wednesday after Morgan Stanley (MS +1.20%) suggested the automaker might be pivoting into energy storage — specifically, powering AI data centers. Ford recently licensed battery tech from Chinese giant CATL, and MS thinks Ford will flip that into grid-scale storage deals with hyperscalers rather than, say, more F-150s.

2:16 pm — NBIS +18.82%

Nebius (NBIS +16.01%) just dropped a earnings report that made Wall Street do a double-take: Q1 revenue of $399 million — up 684% year-over-year — crushed the $375 million consensus, and its net loss of about $100 million was way better than the $174 million analysts feared. The stock jumped more than 18%. Oh, and the company also announced a shiny new Pennsylvania data center packing up to 1.2 GW of power.

1:05 pm -- MSFT -0.5%

1:10 pm -- MU +3.7%

Micron Technology (MU +4.87%) just survived a $100 billion market-cap "stress test," as aggressive buyers stepped in to reverse a near-breakdown. Despite a bearish "evening star" candlestick pattern, shares rallied as an 18-day strike threat at rival Samsung raised scarcity fears for high-bandwidth memory. The quick rebound across the sector pushed Nvidia (NVDA +2.27%) and Broadcom (AVGO 0.59%) back toward records, signaling that investor appetite for the AI-memory trade remains ravenous. While Micron remains up 170% this year, the volatility suggests the $700 zone is now the critical line in the sand for the semiconductor bull run.

12:20 pm

Anthropic is aggressively expanding into the enterprise sector with "Claude for Small Business," a tool integrating directly into platforms like Intuit (INTU 4.16%), DocuSign (DOCU 0.21%), and Microsoft (MSFT 0.66%). While these partnerships offer immediate utility for payroll and bookkeeping, they come with a chilling warning: Anthropic CEO Dario Amodei predicts some SaaS firms will go bankrupt if they fail to adapt to the AI shift. With a massive $30 billion revenue run rate and an IPO potentially looming, Anthropic is no longer just a partner but a predatory threat to traditional vendors like Salesforce (CRM 2.81%) and ServiceNow (NOW 1.90%), which have seen shares slide amid these mounting concerns.

12:10 pm -- RIVN +4.1%

Rivian Automotive (RIVN +2.47%) is seeing its strategic bets pay off as its spinout, Mind Robotics, secured a $3.4 billion valuation in a fresh $400 million funding round. Led by Kleiner Perkins, the investment highlights a massive appetite for AI-driven factory automation. Mind Robotics utilizes Rivian's high-volume production facilities as a real-world laboratory to train foundation AI models and deploy purpose-built industrial bots. This "live" training environment gives the startup a competitive edge in modernizing manufacturing, potentially providing Rivian with a significant valuation tailwind as industrial companies race to automate.

11:30 am -- NVDA +2.5%

Nvidia (NVDA +2.27%) is doubling down on reinforcement learning through a deep engineering partnership with British startup Ineffable Intelligence. Founded by former Alphabet (GOOG +3.92%) DeepMind scientist David Silver, Ineffable aims to move beyond human-data training toward "superlearners" that discover knowledge via trial and error. Nvidia is co-designing specialized infrastructure using its Grace Blackwell and Vera Rubin platforms to support this shift. As top talent flees Big Tech labs to launch independent ventures, Nvidia is positioning its hardware as the indispensable foundation for this next sovereign AI frontier, participating in Ineffable's record $1.1 billion seed round alongside venture giants.

11:25 am -- BABA +7.1%

By Yasser El-ShimyTeam Rule Breakers

Chinese technology/e-commerce giant Alibaba Group (BABA +8.10%) delivered a jarring Q4 FY2026 earnings report, revealing that aggressive artificial intelligence and cloud infrastructure spending has effectively decimated near-term profitability. While overall revenue grew a modest 3% year-over-year to 243.38 billion yuan ($35.28 billion), adjusted diluted earnings per ADS collapsed by a staggering 95% to just $0.09, drastically missing the $0.90 consensus.

However, don't be deceived by the headlines. There's a reason the stock is up roughly 7% regardless.

10:20 am -- WIX -30.4%

By Matt Frankel, CFP®Team Hidden Gems

Wix.com (WIX 26.67%) posted solid top-line growth in its fiscal first quarter but handed investors a jarring earnings miss, signaling that its current investment cycle is weighing heavily on profitability.

Revenue rose 14% year over year to $541 million, with the company's business solutions segment -- which includes e-commerce tools and payment processing -- growing 17% to lead the way. Its partners channel, which serves web design agencies and developers, also grew 19%. Together, those segments show that Wix is successfully pushing upmarket beyond its roots as a DIY website builder. Yet the revenue figure still came in short of analyst expectations of roughly $544 million, and the bigger shock was on the bottom line.

Non-GAAP earnings per share landed at $0.68, less than half the $1.22 Wall Street had penciled in, as research and development costs jumped 40% and sales and marketing spending surged 79% compared to the prior year. Those investments are funding Wix's aggressive AI push, including its Harmony website creation platform and Base44 -- an AI-powered app-building tool it acquired in 2025 that lets users build functioning apps without writing code. Base44 hit $150 million in annualized recurring revenue by May, up from $100 million just months earlier, suggesting the product is gaining traction fast, even as it compresses margins in the near term.

10:10 am -- AMZN +0.1%

Amazon (AMZN +1.50%) is shuttering its Rufus chatbot in a major strategic pivot, making a revamped Alexa assistant the centerpiece of its generative AI shopping experience. The new "Alexa for Shopping" tool integrates search results with a conversational Q&A engine, allowing users to compare products side-by-side and automate purchases based on price triggers. By leveraging proprietary data like real-time inventory and delivery estimates, Amazon aims to outpace shopping agents from Alphabet (GOOG +3.92%) and OpenAI. However, the shift to bot-led recommendations creates fresh uncertainty for third-party sellers who currently drive Amazon's high-margin advertising revenue through traditional sponsored listings.

9:35 am -- NVDA +1.9%, AMD +0.4%, MU +4.6%

The Dow retreated Wednesday as a shocking 1.4% jump in April's producer price index sent Treasury yields to a 10-month high. While wholesale inflation soared 6% annually, the Nasdaq found refuge in a semiconductor rally. Nvidia (NVDA +2.27%), Advanced Micro Devices (AMD 0.72%), and Micron Technology (MU +4.87%) all traded higher following news that Jensen Huang accompanied President Trump to China. This high-stakes diplomacy has reignited hopes for a breakthrough regarding H200 chip exports, even as broader sectors like banking and retail buckle under the weight of energy-driven costs from the ongoing Iran conflict.

8:00 am -- AMZN +0.17% in pre-market trading

Here's a sneak preview, but head to the article to reveal the stocks you'd feel comfortable holding through a market crash, or to submit questions to any of the featured analysts today!

By Yasser El-ShimyTeam Rule Breakers

Ideally, all stocks in my well-diversified portfolio should be stocks I am prepared to hold through a crash. But if I were to name one, it would have to be Amazon (AMZN +1.50%). This is a company that nearly touches all different facets of our life: shopping, cloud computing, semiconductors, entertainment, groceries, and even AI (through its stake in Anthropic). Amazon has over the past two decades laid the foundations of sustainable competitive advantages by investing in logistics, warehouses, data centers, and automation. I have held shares of Amazon through thick and for nearly 15 years, and it is the kind of business that I can sleep well at night owning during a market crash.

7:30 am -- WIX -12.36% in pre-market trading

Wix.com (WIX 26.67%) reported a 14% rise in first-quarter revenue year over year (YoY) this morning, to reach $541 million, while bookings grew 15% YoY. Despite a growing threat to the website builder from AI competition, management still expects 2026 to deliver mid-teens percentage growth in bookings and revenue. The company repurchased approximately 30% of its outstanding shares in April, on the back of a weak stock price – which dipped over 10% in an early response to this update.

6:45 am -- MCD +0.17% in pre-market trading

McDonald's (MCD +0.24%) is deepening its Chicago roots by