Marvell, IREN, Rubrik Among 5 Stocks in Focus Today

Major US indices closed higher on Thursday, with the Dow Jones Industrial Average up 0.2% to 53,569.44, the S&P 500 up 0.72% to 7,730.99, and the Nasdaq up 1.57% to 26,541.35.

Here are the stocks most watched by retail traders and investors throughout the day:

Marvell Technology Inc.

Marvell Technology shares fell 1.49% to close at $241.45. The stock hit an intraday high of $254.60 and a low of $240.38, with a 52-week range of $61.44 to $329.88. In after-hours trading, shares dropped 7.8% to $222.62.

Marvell reported second-quarter revenue of $2.74 billion and adjusted earnings per share of 94 cents, both beating analyst estimates of $2.71 billion and 92 cents. Revenue grew 37% year-over-year. The company issued stronger-than-expected third-quarter guidance, projecting revenue of $3.15 billion and adjusted EPS of $1.10, yet shares still fell nearly 3% after hours.

IREN Ltd.

IREN Ltd. shares rose 2.40% to close at $40.53. The stock hit an intraday high of $41.52 and a low of $40.31, with a 52-week range of $22.63 to $76.87. In after-hours trading, shares dropped 8.45% to $37.11.

IREN reported fourth-quarter revenue of $137.2 million, below the year-ago figure of $187.3 million and missing analyst estimates of $142.32 million by 3.6%. The company said contracted annualized recurring revenue from its 2026 capacity reached $4 billion, with $1 billion already operational, and noted that most of its 2026 capacity has been sold out.

Rubrik Inc.

Rubrik shares surged 11.33% to close at $107.02. The stock hit an intraday high of $107.91 and a low of $101.50, with a 52-week range of $42.25 to $107.91. In after-hours trading, shares dropped 7.01% to $99.52.

Rubrik reported second-quarter revenue of $427.26 million and adjusted EPS of 22 cents, both beating analyst estimates of $396.28 million and 4 cents. The company also raised its fiscal 2027 outlook, projecting revenue of $1.685 billion to $1.693 billion and adjusted EPS of 47 to 53 cents, well above Wall Street expectations.

Affirm Holdings Inc.

Affirm Holdings shares rose 1.35% to close at $77.49. The stock hit an intraday high of $78.21 and a low of $75.41, with a 52-week range of $42.10 to $100.00. In after-hours trading, shares surged 9.7% to $85.01.

Affirm reported fourth-quarter revenue of $1.17 billion, above the year-ago figure of $876.42 million and beating analyst estimates of $1.11 billion. Gross merchandise volume grew 35% year-over-year to $11.6 billion. The company also guided first-quarter revenue of $1.19 billion to $1.22 billion, above Wall Street expectations of $1.16 billion.

Strategy Inc.

Strategy Inc. shares jumped 11.54% to close at $137.40. The stock hit an intraday high of $139.78 and a low of $124.46, with a 52-week range of $81.81 to $365.21. In after-hours trading, shares rose 1.21% to $139.06.

As Bitcoin broke above $80,000, Strategy shares climbed 11.81% on Thursday to $137.73, with investors using the company's massive Bitcoin holdings as a leveraged play on the cryptocurrency. Bernstein maintained an Outperform rating but cut its price target from $450 to $350, while setting a bull-case target of $50 for Bitcoin by 2029. Edge stock rankings show Marvell shares with a momentum score in the 98th percentile and a value score in the 1st percentile.