Renowned investor Huang Renxun's one-liner worth $87 billion? Marvell's stock price surges over 45% post buyout offer
June 3rd. NVIDIA CEO Jensen Huang made waves at Computex yesterday when he stated that semiconductor maker Marvell would "become the next trillion-dollar company" — a comment that sparked a rally in U.S. AI sector stocks.
Using Marvell’s $219.43 closing price before Huang’s remarks as a baseline, its shares jumped more than 32% during Tuesday’s regular trading session, then added another 9.62% in after-hours trading to settle at roughly $318.76, a cumulative daily increase of about 45.27%.
With an estimated 8.756 billion shares outstanding, Marvell’s market capitalization surged from approximately $192.1 billion ahead of Huang’s announcement to around $279.1 billion in after-hours trading. That translates to a nearly $87 billion boost to the chipmaker’s value in just one day, tied directly to the NVIDIA CEO’s prediction.
The move has reignited discussions among U.S. retail investors about "celebrity effect" trading, a phenomenon growing in prominence amid the ongoing AI boom. Today,
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ZEC Surges Over 14% Against the Market Trend, Market Cap Rises to $10.599 Billion
June 3 — Per HTX market data, ZEC has surged 14.30% over the past 24 hours, now trading at $621.98 with a market capitalization of $10.599 billion.
The token’s upside comes as the broader cryptocurrency sector faces a sharp pullback, likely spurred by two key factors: escalating geopolitical tensions in the Middle East, and negative news breaking earlier this week that crypto firm Strategy sold Bitcoin. This morning, Bitcoin tumbled more than 7% to dip below $66,200, pulling the entire crypto space and related crypto stocks down alongside it.
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Whale "Sets 10 Major Goals First" Bitcoin Long Position Size May Have Surpassed $200 Million
June 3rd: AI Monitoring reports that the whale dubbed “Setting 10 Big Goals First” disclosed a long Bitcoin position of 281.789 BTC, worth $19.09 million, with an entry price of $67,777 overnight. However, analysis of large-scale trades on Binance during the same timeframe suggests the whale’s actual long position could be 3,076.88 BTC, valued at $208 million. Additionally, between May 28 and June 2, this same whale shorted 2,739 BTC, generating a profit of $3.308 million.
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Microsoft Developer Conference Focuses on AI Agent Full Stack: In-house MAI Model, Foundry, Windows Native AI, and Quantum Chip Released
June 3, 2026 – Microsoft’s 2026 Build Conference kicked off in San Francisco, centered on its new “Deployable and Governable AI Agent Platform” initiative. The tech giant introduced its proprietary MAI model lineup, covering core capabilities including reasoning, programming, image recognition, speech, and transcription—with its flagship reasoning model, MAI-Thinking-1, leading the charge.
Microsoft Foundry received a major overhaul, adding key features such as Agent runtime, toolbox, memory, Enterprise Knowledge Retrieval Foundry IQ, Voice Live, and assessment/governance tools. The update strengthens the end-to-end Agent development pipeline, streamlining progress from prototype testing to full production deployment.
On the Windows front, Microsoft positioned local AI as a top developer platform priority. It rolled out developer-friendly Windows configurations, an intelligent Shell/Terminal, Agent sandbox, and WSL (Windows Subsystem for Linux) capability upgrades, while highligh
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The U.S. Treasury Department has sanctioned four Iranian cryptocurrency exchanges and numerous executives, accusing them of helping to evade sanctions.
June 3 — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it has designated Iran’s largest cryptocurrency exchange, Nobitex, plus three other Iranian crypto platforms — Wallex, Bitpin, and Ramzinex — to its sanctions list. The action also targets Nobitex’s chairman and co-founder Amir Hossein Rad, current CEO Seyed Ali Khoee, and multiple other co-founders and senior executives of the exchange.
U.S. Treasury officials allege Nobitex processed more than 50% of Iran’s total cryptocurrency inflows in 2025. The exchange is accused of facilitating transactions linked to the Islamic Revolutionary Guard Corps (IRGC), ransomware groups, and sanctions evasion. Additional claims state Nobitex aided the Central Bank of Iran in accessing hundreds of millions of dollars in stablecoin funds, and helped transfer and safeguard Iranian regime assets in the wake of U.S. military actions against Iran.
The Treasury also noted Iran’s second-largest crypto exchange,
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AI startup Special has secured a new round of funding led by a16z, with the amount and valuation yet to be disclosed
On June 3, artificial intelligence startup Special closed a new funding round, led by top venture capital firm Andreessen Horowitz (a16z). According to sources, the capital will help the company scale its product development and business growth efforts.
Special operates in the AI space. Details including the financing amount, company valuation, and other participating firms remain undisclosed. This deal highlights that as the generative AI trend continues to advance, leading venture capital firms are actively investing in emerging AI startups.
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