Marvell Technology (MRVL) stock is in focus as Wall Street analysts highlight the company's promising artificial intelligence (AI) plans following its custom AI chip event.
Alcohol stocks, including Constellation Brands (STZ), Molson Coors (TAP), and Brown Forman (BF-B, BF-A), are in focus on reports from Reuters that the US will be changing alcohol consumption guidelines in its dietary guidelines.
Nucor (NUE), a steel-making company, issued a strong outlook for the upcoming quarter after Trump raised steel tariffs.
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Now, time for some of today's trending tickers. We are watching Marvell Technology, alcohol beverage industry names, and Nucor. First up, Marvell showcased the future of custom AI infrastructure at a recent event, drawing positive commentary from the street. Both Barclays and Morgan Stanley hailed the company's ambitious development plan made possible by opportunities in accelerated computing. But the payoff has a long runway. Barclays observed expecting potential wins won't contribute to Marvell's revenue until 2028, it seems, at the earliest year. Next up here, Reuters reporting that the US is expected to pair back on guidance on alcohol consumption. Current guidelines say Americans should limit drinks to two or fewer per day. Adjusting these guidelines would be a major win for the alcohol industry amid growing scrutiny over the health concerns that the alcohol potentially poses, and the new guidance is expected to still encourage Americans to limit alcohol intake. Finally, steelmaker Nucor is showing a better-than-expected Q2 profit forecast. The company expects earnings to increase across all three of its operating segments: steel mills, products, and raw materials. The upbeat outlook comes just weeks after the Trump administration raised tariffs on steel products to 50%. Nucor will release its second quarter results after the bell on July 28th. You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finance's Trending Tickers page.