Matt Murphy, president and CEO of Marvell Technology Adam Jeffery | CNBC Check out the companies making headlines before the bell: Marvell Technology — Marvell Technology surged 17% in premarket trading after reporting a top-and-bottom beat in its first quarter. Marvell posted adjusted earnings of 31 cents per share, topping estimates for 29 cents, according…

Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images Klarna, the Swedish buy now, pay later fintech company, halved its net loss in the first quarter, recording a significant improvement in its bottom line after a major cost-cutting drive. The…

Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for his contrarian views, believes enthusiasm surrounding AI has become a major distraction from recession risks. “No question that we have a price bubble,” the Rosenberg Research president told CNBC’s “Fast Money” on Thursday. According to…

Jamie Dimon, chief executive officer of JPMorgan Chase, is planning his first visit to mainland China in four years as the American bank prepares to host three conferences in Shanghai at the end of May. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive…

Pedestrians walk past a Gap Inc. store in Shanghai. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Gap — Shares surged 15% in the postmarket following the retailer’s earnings report, which showed a major improvement in margins. Revenue was a hair below expectations, coming in at $3.28…

Market Movers rounded up the best reactions from investors and analysts after Nvidia shares exploded higher Thursday. The experts, including Jim Cramer , discussed the chipmaker as the stock skyrocketed 24% to hit a new 52-week high. Nvidia beat estimates on both the top and bottom lines when it reported after the closing bell Wednesday.…

Nvidia has found success in China by selling automotive chips to the country’s electric car companies, but the U.S. semiconductor giant has been restricted from sending some products to China. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Nvidia — Nvidia surged 25% during…

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters Check out the companies making the biggest moves in premarket trading Thursday: Nvidia — Shares soared 28% after the chipmaker reported blockbuster earnings. Nvidia said it expected a “giant record year” and guided…

Starling Bank CEO Anne Boden. Starling Bank The co-founder of Starling, one of the U.K.’s largest digital banks, is set to step down as CEO next month, the company said Thursday. Starling, which is backed by U.S. investment banking giant Goldman Sachs, is one of the most prominent fintechs in the country with a user…

British Prime Minister Liz Truss attends a news conference in London, Britain, October 14, 2022. Daniel Leal | Reuters LONDON — U.K. borrowing costs are nearing levels not seen since the throes of the bond market crisis triggered by former Prime Minister Liz Truss’ disastrous mini-budget. New data on Wednesday showed that the U.K. consumer…