June 2, 2026, 8:15 p.m., after the U.S. after-hours session opened, multiple stocks saw sharp moves.

Marvell Technology saw its shares spike more than 32% at intraday and after-hours highs, before narrowing gains to around 0.10% by late trading.
The surge was driven by renewed optimism over Marvell’s AI and data center chips, after the company disclosed progress in next-generation accelerators and networking solutions. Sentiment was further boosted when NVIDIA CEO Jensen Huang publicly highlighted Marvell as a key ecosystem partner and expressed confidence in its long-term role in AI infrastructure.
Analysts note that Marvell is increasingly seen as a leveraged play on AI data traffic and custom accelerators, with some investors speculating its market capitalization could eventually approach the trillion-dollar mark if AI infrastructure spending continues to scale. However, several institutions also cautioned that current valuations already price in aggressive growth, making the stock more sensitive to execution risks and macro slowdowns in cloud capex.

GameStop edged up about 0.07% in after-hours trading, after a volatile session driven by earnings and capital return news.
GameStop reported Q1 2026 revenue of $143 million and swung from a loss to a profit versus the same period last year, signaling early progress in its ongoing restructuring and cost-cutting efforts.
The board also approved a $2 billion share repurchase program, effective through 2029, which significantly lifted investor sentiment by signaling management’s confidence in the company’s cash flow and balance sheet. Market commentators pointed out that, given GameStop’s history as a meme stock, the large buyback authorization could amplify volatility if retail trading enthusiasm returns, but they also warned that the long execution window means the actual pace of repurchases will be critical.

GitLab, Inc. slipped around 0.06% in after-hours trading following its latest earnings release and restructuring announcement.
GitLab reported adjusted EPS of $0.23 for fiscal 2027 Q1, with revenue of $264.2 million, up 23% year over year, beating many Street expectations on both top and bottom lines.
Despite the solid growth, the company announced a major restructuring plan: it will cut about 14% of its workforce, roughly 350 employees, and exit 22 countries, shrinking its geographic footprint by 37%. Management stated that the move aims to improve operating efficiency, sharpen focus on core markets, and accelerate the path to sustainable profitability. Some analysts welcomed the margin-focused strategy, but others warned that aggressive downsizing and market exits could slow GitLab’s international expansion and intensify competition with other DevOps and AI-assisted coding platforms.

Top 5 Gainers in Tonight’s After-Hours Session
XOS Inc. after-hours +174.44%
J-Star Holding Co., Ltd. after-hours +49.45%
Rubico Inc after-hours +46.16%
TOP Ships after-hours +32.43%
Virax Biolabs Group Limited after-hours +26.95%

Top 5 Losers in Tonight’s After-Hours Session
Jianzhi Education Technology Group Company Ltd. after-hours -21.43%
NRX Pharmaceuticals Inc. after-hours -17.53%
AIM ImmunoTech Inc. after-hours -9.04%
Soligenix, Inc. after-hours -8.99%
Rocket One after-hours -7.21%