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News of the day for April 1, 2026

Major stock indexes closed out a rough month on a high note on Tuesday.
Credit: Spencer Platt / Getty Images

Stock futures are rising this morning after major indexes surged yesterday on hopes that the Iran war could end soon; stocks are coming off their worst quarter in four years amid concerns about the impact of the war and uncertainty about AI; Nike shares are plunging after the athletic apparel giant issued a weak sales forecast; Iran has threatened to attack over a dozen major American companies if the U.S. continues to assassinate Iranian officials; and investors are keeping close tabs on economic data ahead of the release of the jobs report later this week. Here's what you need to know today.

Stocks Futures Rise Amid Optimism About Potential End to Iran War

Stock futures are pointing to a higher open Wednesday to kick off the second quarter after closing out a rough month on a high note yesterday. Futures tied to the Dow Jones Industrial Average and S&P 500 were each up 0.7% recently, while Nasdaq futures climbed 1.1%. The major indexes had their best day since last May yesterday, as reports that President Trump was willing to end the Iran war without securing the reopening of the Strait of Hormuz sparked optimism that an end could be in sight. Late Tuesday, the White House said Trump will give a live address to the nation at 9 p.m. ET tonight with an update on the war. The hopes of an end to the war are also driving crude oil prices lower this morning, with WTI futures down nearly 3% at $98.50 per barrel. Gold futures were up 2% at $4,740 an ounce, while bitcoin traded at $68,600. up from an overnight low of $67,500. The 10-year Treasury yield, which affects all sorts of loans, notably mortgages, was at 4.29%, losing ground for the third straight day after moving as high as 4.44% on Friday amid the market volatility.

Stocks Kick Off Q2 After Worst Quarter in 4 Years

Investors are eager to put the first quarter behind them. The major indexes posted their biggest quarterly losses since 2022, with the Dow shedding 3.6% over the period, while the S&P 500 fell 4.6% and the tech-heavy Nasdaq tumbled 7.1%. Market sentiment was bruised by uncertainty about how long the Iran war will last and what impact it will have on inflation, the broader economy and interest rate decisions from the Federal Reserve. Concerns over how AI could affect the software industry, as well as worries about overvaluation, have also hampered markets so far this year. Still, many analysts expect the stock market will recover and manage to post gains for 2026 once the conflict in Iran ends and other uncertainties are resolved.

Nike Stock Plunges on Weak Sales Outlook

Nike (NKE) shares are tumbling in premarket trading after the athletic apparel giant issued a disappointing sales outlook. After the closing bell Tuesday, Nike posted better-than-expected sales and earnings for its fiscal third quarter, but forecast a decline in fourth-quarter revenue when analysts had been projecting growth. CEO Elliott Hill said the company's turnaround effort, which kicked off when he took over in late 2024, is "taking longer than I'd like," citing tariffs and economic pressure in China, which are offsetting a recovery in Nike's business in North America. Analysts had said ahead of the report that Nike's outlook would likely draw more interest from investors than the third-quarter results. Nike shares were down 11% recently, trading at their lowest levels in 11 years.

Iran Threatens Tech Giants Including Nvidia, Apple

Iran has threatened to attack infrastructure belonging to a number of U.S. tech giants in the Middle East as soon as 12:30 p.m. ET today, according to several media reports. In a post reportedly sent via the messaging app Telegram, an account belonging to the Islamic Revolutionary Guard Corps said any future assassinations of Iranian officials would be matched with an attack on an American company. The post listed 18 companies in total, including Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), Alphabet's (GOOGL) Google, Tesla (TSLA), Intel (INTC), Oracle (ORCL) and others. The post advised employees of the companies to leave their workplaces. Earlier this month, Iranian forces attacked a pair of Amazon (AMZN) data centers in the United Arab Emirates, knocking some services offline in the country.

Economic Data in Focus Ahead of Friday's Jobs Report

Investors will get a number of new data points through the end of this week on the state of the U.S. economy. Early Wednesday, the ADP private payrolls report showed that 62,000 jobs were added in March, compared with the 39,000 that economists had estimated. Retail sales data for February is also due this morning, providing a snapshot of the health of the economy before the Iran war started. An update to the U.S. trade deficit is due out tomorrow along with weekly jobless claims numbers. The big data event of the week comes Friday, when the Bureau of Labor Statistics is slated to release the March jobs report. A separate BLS report on Tuesday showed that the hiring rate—that is, the number of hires as a percentage of total employment—hit its lowest level in February since the early days of the COVID pandemic.

Weak sales in China have offset gains in North America for Nike.
Credit: Costfoto / NurPhoto / Getty Images

Key Takeaways

• Nike shares tumbled after the athletic apparel giant gave a disappointing outlook that offset quarterly results that came in above Wall Street expectations.
• CEO Elliott Hill told investors Nike's turnaround is taking longer than expected.

Nike's stock is tumbling on signs of stumbling blocks in the company's turnaround.

Shares of Nike (NKE) were recently down 9% in extended trading Tuesday after the athletic apparel giant told investors it expects revenue to decline 2% to 4% in the current quarter, when analysts were calling for growth.

CEO Elliott Hill said during the company earnings call that its turnaround is "taking longer than I'd like," amid pressure from higher tariffs and headwinds in China that offset gains in North America.

Why This Matters to Investors

Nike's weak outlook deals another blow to investor confidence, after what's already been a rough year for the stock.

CFO Matt Friend said Nike expects sales in China to fall 20% in its fiscal fourth quarter, after registering a 10% decline in the third quarter. Hill said that going forward, Nike plans to take a more localized approach to its operations in China, after becoming "clearer on the structural challenges" in the region.

Friend warned that disruptions in the Middle East, rising oil prices, and “other factors that could impact either input costs or consumer behavior” could also weigh on Nike's results this quarter.

Nike's forecast overshadowed its better-than-expected earnings. Nike posted earnings per share of $0.35 on roughly flat revenue of $11.3 billion for the fiscal third quarter, both of which topped analysts' estimates compiled by Visible Alpha.

Executives said Nike looks forward to offering more details on how its efforts and longer-term outlook later this year, at the company's investor day in the fall.

Shares of Nike were down about 17% for 2026 through Tuesday's close.

Buffett stepped down as CEO of Berkshire Hathaway at the end of last year, but told CNBC he still makes investment decisions at the conglomerate.
Credit: Christopher Goodney / Getty Images

Key Takeaways

• Buffett called the current stock market sell-off "nothing" compared with prior crashes he's navigated, noting that markets are only about 5% to 6% cheaper than recent highs.
• He said he has no plans yet to employ Berkshire Hathaway's $373-billion pile of cash and Treasury bills.

Like the rest of us, Warren Buffett has watched major stock indexes slide into a correction in recent weeks. Others have grown alarmed. His verdict: nothing much to see here—yet.

"Three times since I’ve taken over Berkshire, it’s gone down more than 50%," Buffett told CNBC Tuesday. "This is nothing." (U.S. stocks rallied Tuesday to wrap up a volatile quarter in which major indexes posted their biggest losses since 2022.)

The 95-year-old chair of Berkshire Hathaway (BRK.A, BRK.B) stepped down as CEO at the start of this year after six decades in the role but is still involved in investment decisions. He said a modest pullback doesn't change what Berkshire looks for: businesses worth owning indefinitely at prices that make sense.

"We aren't in it to make 5% or 6%,"Buffett said Tuesday, suggesting Berkshire's return expectations are more what the yield would be if the market returned to recent highs.

Not Anxious, But Not Buying Either

Berkshire held more than $373 billion in cash and Treasury bills at the end of 2025, and Buffett confirmed the company bought another $17 billion in T-bills at auction this week.

While having so much ready cash might make others itchy to make a move, Buffett said that pile isn't going anywhere until he sees a real opportunity. "If there is a big decline" in the market, Buffett said, "we will deploy."

That patience comes from Buffett's well-known investing discipline. He's waiting for prices low enough to justify long-term investing, just as he did decades ago with American Express (AXP) and Occidental Petroleum (OXY).

Buffett stayed away from suggestions that the market was in particular peril, but he did say too many investors don't give investments enough time—a perennial problem.

Buffett also described a central tension between the stability of the U.S. economy and the human desire to gamble. "You have this incredible cathedral called the American Economic System," he said. "But attached to it is a casino, and people are going to walk back and forth between the two."

"If [investors] just buy a stock and sit for 50 years, if they got a group of them, they're going to do fine," he said. "The American capitalist system works and betting against the house does not."

Concerned About the U.S. Dollar

Buffett said he's worried less about a recession than about the dollar's status as the world's reserve currency. The stability of the banking system, he said, matters far more than any single market move, recalling 2007–08 when even the largest firms stopped answering phones.

On inflation, he said the U.S. Federal Reserve probably kept rates too low for too long but was right to act fast in March 2020. He also expressed skepticism about the Fed's target inflation rate of 2%. "I wish they had a zero inflation target," he said. "Once you start saying you're going to tolerate 2%, that compounds pretty dramatically over time."

As for today's uncertainty—tariffs, the Iran war, the volatile first quarter—Buffett offered a prognosis similar to the one he's given for decades: "I have no idea what the stock market's going to do," he said, "and I don't think anybody else does either."

Credit: "Interviews" signage during a job fair hosted by Statue City Cruises at Liberty Landing Marina in Jersey City, New Jersey, US, on Tuesday, March 17, 2026.

Key Takeaways

• The U.S. economy is forecast to have added 59,000 jobs in March, partially recovering from the 92,000 jobs lost in February.
• The job market has alternated between adding and losing jobs every month since last May, averaging out to slow job creation by historic standards.
• The Iran war could be a further drag on jobs in the coming months, but the March report may be too soon to show any effects.

The U.S. economy likely added jobs in March, but not enough to dispel the trend of a widespread slowdown.

A report on job creation and unemployment from the Bureau of Labor Statistics on Friday is expected to show employers added 59,000 jobs, a recovery after losing 92,000 in February, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal. The unemployment rate is forecast to stay at 4.4%, the same as in February.

Ever since last May, the U.S. economy has alternated between gaining and losing jobs each month, averaging out to the slowest pace of job creation in decades. That trend likely continued in March, with the market partially bouncing back from the loss in February, which economists chalked up partly to a healthcare worker strike and cold weather keeping people at home.

Beyond the noise of month-to-month figures, the job market has slowed down significantly over the last year due to uncertainty about tariffs, the crackdown on immigration, and AI adoption, and faces a new headwind from the war in Iran. The March report is likely to be somewhere in the middle.

What This Means For The Economy

The continued slow pace of job creation makes the economy more vulnerable to rising unemployment and a possible recession, especially with the shock in energy prices from the Iran war.

"I strongly suspect that January's number overstated the strength while February overstates the weakness," James Knightley, chief international economist for ING, wrote in a commentary.

Although forecasters see a risk that the Iran war could drag on the job market, the downturn is not expected to be evident in the March jobs report because the bureau conducted the survey that informs the report early in the month, when the war's economic impact was just beginning to be felt.

"The payroll survey covers roughly the first half of the month—likely too soon to see any effect from higher oil prices and increased uncertainty," economists at Morgan Stanley, led by chief U.S. economist Michael T. Gapen, wrote in a commentary.

Oracle stock has lost about one-quarter of its value since the start of this year
Credit: David Paul Morris / Bloomberg / Getty Images

Key Takeaways

• Oracle is undergoing another massive round of layoffs, according to reports from CNBC and Business Insider.
• The cuts come as Oracle and other tech giants have looked to offset the costs of building out infrastructure for AI technology.

Another tech giant is cutting jobs as AI spending grows.

This time it's Oracle (ORCL), which sent layoff emails to employees earlier today, according to Business Insider, with CNBC reporting the cuts could number "in the thousands."

Oracle, which said in its latest annual report that it had about 162,000 full-time employees as of the end of last May, declined to comment on the size or reason for the layoffs.

Shares of Oracle were up about 6% in recent trading, amid broader market gains after President Donald Trump suggested an end to the war in Iran could come soon.

Why This Matters to Investors

Oracle's job cuts mark the latest in a string of layoffs in the industry as Big Tech giants look for ways to support their spending on AI. Some may also be anticipating they could need fewer workers thanks to developments in the technology.

Oracle's latest cuts come just months after an earlier round of layoffs. Meta Platforms (META) and Amazon (AMZN) have also trimmed roles this year, as large tech firms look to offset the impact of increasing spending on AI infrastructure.

Shares of the cloud computing company have been pressured for months by concerns over the company's debt load as it finances a massive buildout of data centers, its reliance on a few large customers including OpenAI, and broader uncertainty about the AI trade.

Even with Tuesday's gains, Oracle shares have lost about one-quarter of their value since the start of the year.

Berkshire bought $17 billion in Treasury bills this week, adding to its sizable cash reserves, which Buffett says he could deploy if markets fall significantly.
Credit: Johannes Eisele / Getty Images

Key Takeaways

• Warren Buffett told CNBC in a televised interview Tuesday that he still comes into the office daily and makes investment decisions at Berkshire Hathaway, after handing the CEO title to Greg Abel at the start of this year.
• He called the recent market sell-off "nothing to get excited about," pointing out that Berkshire has weathered three drawdowns exceeding 50% during his 60 years at the helm.

So much for the Oracle of Omaha's retirement.

Three months after handing over his role as CEO of Berkshire Hathaway (BRK.A, BRK.B) to Greg Abel, the 95-year-old investor told CNBC in a televised interview Tuesday that he still comes into the office every day, decides about major investments, and recently bought something new—though he declined to say what.

"I can still contribute a tiny bit," Buffett said.

Clearly, stepping back from the top job hasn't meant stepping back from the market. Buffett said he calls Mark Millard, Berkshire's director of financial assets, each morning before the opening bell to talk through what's moving. The trades follow those conversations.

But he's keeping Abel in the loop. "I won't make any [investments] that Greg [Abel] thinks are wrong," Buffett said. "Greg gets the sheet every day," he said, referring to Berkshire's daily record of investment activity.

Why This Matters To You

Buffett's calm, at a time when many investors have been rattled by the market's recent volatility, speaks to something central to Buffett's approach to investing: keeping a focus on the long-term, not short-term fluctuations.

Still Sitting on a Mountain of Cash

Berkshire's cash, cash equivalents, and short-term investments totaled $373 billion at the end of 2025, with much of it already in Treasurys.

Berkshire bought about $17 billion in U.S. Treasury bills at this week's auction. The move suggests that while many stocks may be looking cheap lately, Buffett isn't rushing to put that money to work.

"No," was his curt answer when asked if he's been finding bargains after the market's recent drop from January's record highs. The major indexes climbed Tuesday, but were still set to record their worst quarterly performance in nearly four years. 

But Buffett said he's not going to sit on the sidelines if better opportunities come up. "If there is a big decline" in the stock market, Buffett said, "we will deploy."

Buffett Shrugs Off Market's Slide

For those looking anxiously at their 401(k)s lately, Buffett's message was to remain calm.

He waved off the recent market volatility as historically mild. "Three times since I took over, for sure it's gone down more than 50%," he said. "This is nothing to make you get excited."

Buffett took control of Berkshire in 1965. He's watched markets collapse in 1974, 1987, 2000–2002, and 2008–2009. By comparison, this year's "correction" in the Dow still pales.

Shares of memory chip giant Micron are down about 30% in the last two weeks.
Credit: Kiyoshi Ota / Bloomberg via Getty Images

Key Takeaways

• Memory stocks, which were some of the stock market's best performers last year, have tumbled in recent weeks, pressured by concerns about an unsustainable surge in demand.
• Many Wall Street analysts remain bullish on memory stocks, which they argue are poised to continue to benefit from a tight market and a step-up in demand.

No one stays on top forever. That goes for the hottest stocks in the AI trade, too.

Memory stocks, many which were among last year's best performers in the S&P 500—and which continued to climb to start 2026—have slumped in the past two weeks. Shares of Micron (MU) are down nearly 30% since closing at an all-time high on March 18. Sandisk (SNDK) and Western Digital (WDC), the latter which was spun off from the former early last year, have dropped 22% and 19%, respectively, from their own highs a day later.

Memory stocks have been whacked by a combination of forces. First, dynamic random access memory (DRAM) prices, which soared over the past year as booming demand from AI data centers exacerbated a supply shortage, are by some measures softening. According to a Citigroup note Tuesday, spot DRAM prices are down 6% since mid-March. Citi attributes those declines to Google’s announcement last week of TurboQuant, a method of compressing data that improves the efficiency of an AI models’ memory recall. 

Why This Matters

Memory stocks became the darlings of the three-year-long AI rally late last year as the severity of an AI-driven memory shortage became clear. But the stocks' run-up has lifted expectations for the industry and ramped up the risks of softer demand.

The TurboQuant announcement, regardless of its effect on memory prices, was a blow to investor sentiment. Some investors now fear that the improvements in model efficiency could temper memory demand, reducing suppliers’ pricing power. Investors also fear that chipmakers boosting their capital spending, as Micron said it would when it reported earnings earlier this month, could bring down prices and compress their own margins by increasing supply. 

The softness in spot DRAM prices led Citi on Tuesday to lower its price target on Micron stock by 17% to $425—which isn't exactly bearish. It's more than 30% above the stock’s intraday price on Tuesday. 

Citi analysts also say TurboQuant fears may be overstated. They liken it to the DeepSeek panic of early 2025, when the Chinese AI start-up’s surprisingly efficient open-source model sparked a brief market meltdown fueled by concerns that more efficient models would require fewer chips and other hardware. 

Citi’s analysts argue that more efficient models, rather than destroying demand for hardware, could increase demand by making AI less costly, a phenomenon known as the Jevons paradox. “Historically, we think cheaper technology has mostly increased the demand for more technology,” the analysts wrote. “We see AI as no different.”

The CFO of memory supplier Sandisk made a similar case to Bank of America analysts, according to a recent note, with the analysts coming away from meetings with management "more confident in sustainability" of demand. The bank's $900 price target on Sandisk shares reflects more than 40% upside from Tuesday's price.  

Morgan Stanley analysts in a note last week stood by bullish calls on Micron and Sandisk. “We see the recent selloff as a healthy pricing in of durability concerns,” the analysts wrote, “and yet we see the strength as more durable than the market thinks.” 

They question concerns that companies will pressure their own margins by increasing supply. AI spending—the main driver of memory demand—is growing rapidly and diverting so much supply from PC, smartphone, and other markets that “everywhere we look we see indications that it is a true bottleneck,” the analysts wrote.

Gold has risen in the first quarter, but it's cooled from recent years.
Credit: CFOTO/Future Publishing via Getty Images

Key Takeaways

• Gold is set to post its worst monthly performance since 2008 amid the Iran war, with prices up just 7% so far this year.
• Goldman's precious metals analysts forecast higher gold prices by the end of the year.

Thinking about fleeing gold after a tough start to the year? Some experts think you might be getting the timing wrong.

Though the precious metal has rallied furiously over the past two years, doubling during that period as buying by central banks and investors turned it into a momentum trade, it's now set to post its worst monthly performance since 2008. While gold is up about 7% in the first quarter, prices have declined since the start of the war in Iran, disappointing investors who expected the haven asset to behave like one in times of travail.

Now investors are starting to bail, as outbound fund flows in the popular SPDR Gold Trust (GLD) over the last few weeks indicate. But Wall Street experts are saying it's not the time to abandon ship. (Gold was rising Tuesday.)

WHY IT MATTERS TO YOU

Gold has been a disappointing haven asset since the start of the Middle East conflict, but precious metals analysts say investors shouldn't bail on the precious metal just yet.

The recent sell-off in gold was driven by knock-on effects of the war, market experts say. The shock to global energy supplies boosted expectations that prices of goods and services will go higher, and for that inflation to push the Federal Reserve to pivot and hike interest rates, which would make gold less attractive. Meanwhile, the combination of a relatively strong U.S. dollar, which tends to have an inverse relationship with gold, and spurned investors leaving gold funds by the droves, has weighed on precious metal prices.

Gold isn't a "failed hedge," UBS strategists said in a report last week, because it doesn't always rise during geopolitical conflicts—particularly at the start of them. "But investors need to remember that gold tends to perform best when growth expectations fall and central banks cut rates, leading to lower real yields—usually during the second phase of the a crisis," they said. Gold prices should improve, in other words, when macro expectations worsen.

Goldman Sachs Research's precious metals analysts think gold prices could go higher by the end of the year. They maintained their 2026 year-end price target of $5,400, saying they expect central banks to continue buying, and for the Federal Reserve to cut benchmark interest rates by 0.5 percentage point. Plus, a buildup in gold call options—essentially, bets that the price will rise— since January has "unwound," indicating a lower degree of speculative positioning.

"The gold market now looks cleaner, which would typically argue for a more attractive entry point," analysts including Lina Thomas wrote in a Monday report.

But if the Strait of Hormuz remains effectively closed for much longer, and stocks start to decline, gold prices could be dragged down by more selling. The analysts said that if investors' expectations of a more hawkish Fed are realized, the firm's estimated fair value of gold would be $4,550—roughly where it is now. At worst, gold could "overshoot to the downside" and fall as low as $3,800.

Goldman's $5,400 price target, implies upside of a little over 15%. That would put gold roughly where it was before the start of the war.

A 'now hiring' sign at the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30 in Sunrise, Florida.
Credit: Joe Raedle / Getty Images

Key Takeaways

• The hiring rate fell to its lowest level in nearly six years in February.
• Layoffs remained low, adding further evidence that employers are reluctant to both hire and fire.
• Economists say the chances of the job market further deteriorating are rising because of the Iran war, which has pushed up energy prices.

Getting a job in February was just as hard as it was in April 2020, when COVID-19 closures were in full swing.

The hiring rate—that is, the number of hires as a percentage of total employment—fell to 3.1% in February from 3.4% in January, the Bureau of Labor Statistics said Tuesday. That tied with the previous low in April 2020 and was only lower in 2010, when the economy was pulling out of the Great Recession.

What This Means for The Economy:

The scarcity of new jobs is keeping the pressure off employers to raise salaries. This reduces worker spending power, but also helps keep inflation down.

There were 6.9 million job openings in February, down from an upwardly revised 7.2 million in January. That figure matched forecasters' expectations in a survey by Dow Jones Newswires and The Wall Street Journal. The number of layoffs remained at 1.7 million, close to historic lows, reinforcing the idea of a low-hiring, low-firing job market.

The report added detail to data the bureau released earlier, which showed the economy lost 92,000 jobs and the unemployment rate increased to 4.4% in February. Both were signs of a job market slowdown underway on the eve of the Iran war.

The war has added a fresh bout of uncertainty to a job market already shaken up by rapidly changing tariff policies, a crackdown on immigration, and the adoption of AI software, raising the chances of a serious downturn in the coming months.

"The hiring recession is weighing on millions of job seekers," Heather Long, chief economist at Navy Federal Credit Union, said in a commentary. "It would not take much to turn a 'no hiring' labor market into layoffs."

The outlook for hiring has not improved since Feb. 28, when the Iran war disrupted oil supplies, sending energy prices soaring.

"If the jobs market had stalled when the economy was looking in decent shape before the Middle East conflict got underway, an overlay of heightened geopolitical, economic and market angst is not going to incentivize business to suddenly start hiring now," James Knightley, chief international economist at ING, wrote in a commentary.

Nvidia's agreement with Marvell marks the latest in a series of deals this year
Credit: Bloomberg / Getty Images

Key Takeaways

• Marvell Technology shares popped Tuesday after the company announced a $2 billion investment from Nvidia and expanded partnership.
• Nvidia said it will add custom Marvell products to its infrastructure, growing its offerings for its customers building data centers.

A new deal with Nvidia is sending shares of Marvell Technology soaring Tuesday.

Shares of Marvell (MRVL) were up over 7% in recent trading after the company announced a $2 billion investment from Nvidia (NVDA) and expanded partnership bringing more of Marvell's semiconductors and networking products into its infrastructure. Nvidia shares climbed about 3%.

Nvidia said that the partnership will offer "customers building on NVIDIA architectures greater choice and flexibility in developing next-generation infrastructure" with the addition of custom Marvell products.

Nvidia CEO Jensen Huang told CNBC in a televised interview Tuesday that the move is expected to help grow the total addressable market for both companies, and that Nvidia wants to have a stake in that expanded opportunity for Marvell.

Why This Matters to Investors

Marvell's growing ties with Nvidia could further boost confidence in the stock, which has outperformed the broader S&P 500 and many of its peers in the semiconductor industry so far this year.

Marvell topped estimates in its latest quarterly report earlier this month and said it expects revenue to grow by about 30% this year as sales of its data center products surge.

For Nvidia, the Marvell deal marks the latest in a string of recent investments that have boosted its partners' stocks, including Coherent (COHR), Lumentum (LITE), and Nebius Group (NBIS). Nvidia has also bought up shares in a number of other tech companies in recent quarters.

With Tuesday's rise, Marvell shares have gained 13% since the start of the year, while Nvidia is down about 8% over the same period.