Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Tuesday, June 2nd, and I'm your host, Kim Kong. Our top story so far,

NVIDIA CEO Jensen Wong said Marvel Technology could become the next semiconductor company

to reach a $1 trillion

market value, citing growing demand for AI infrastructure.

Speaking alongside Marvel's CEO Matt Murphy in Taipei, Wong outlined his vision for the next

phase of AI infrastructure, emphasizing a shift from traditional copper interconnects to optical networking

technology. Marvel's market caps stood around 190 billion, but

Wong's comments helped send share sharply higher, adding more than 40 billion to the company's

valuation. The move also decimated put holders ahead of Friday's options expiration. One heavily

traded put strike with nearly 14,000 contracts of open interest is now so far out of the money

as to be

essentially worthless. Among other active stocks, Hewlett-Packard Enterprise is rallying after

topping estimates with its Q2 results and outlook. Morgan Stanley analyst Eric Woodring said

HPE, like Dell, is benefiting from strong server demand and market share gains as AI infrastructure

spending continues to accelerate.

Credo technology is under pressure, despite posting a beat and raised quarter, revenue jumped

157% year-over year to 437 million, only modestly ahead of expectations.

And Intuit is lower after Goldman Sachs downgraded the stock to sell from neutral.

The firm cited concerns about growing

competition, slowing mailchimp growth, and into its ability to achieve its long-term targets.

In other news of note, McDonald's is continuing to test chicken wings as it looks to expand its

...