Marvell Technology, Broadcom, and Hewlett Packard Enterprise stocks reached 52-week highs on Tuesday, driven by Nvidia CEO endorsement, earnings anticipation, and strong Q2 results.

Marvell Technology (MRVL) soared more than 32% at close after Nvidia CEO Jensen Huang called it the 'next trillion-dollar company' at Computex in Taipei, Taiwan. The stock hit an all-time intraday high of $291.30. Stifel raised its price target to $321 from $230 and maintained a 'Buy' rating.

Broadcom (AVGO) climbed to a yearly high of $488.82 ahead of its Q2 earnings report. Wall Street expects the chipmaker to post 47% revenue growth to $22.08 billion and earnings per share of $2.40 for the quarter. Morgan Stanley raised its price target to $485 from $470 with an 'Overweight' rating.

Hewlett Packard Enterprise (HPE) rallied to an intraday high of $64.25 following record Q2 results and multiple analyst upgrades. The company reported Q2 adjusted earnings of $0.79 per share on revenue of $10.7 billion and raised its 2026 revenue growth outlook to 29% to 33%, up from 17% to 22%. BofA raised its price target to $80 from $38 with a 'Buy' rating.