Stocks making the biggest moves midday: Nvidia, Marvell Technology, Costco, Eli Lilly and more

Check out the companies making headlines in midday trading. Nvidia — Shares fell 5.6% as Nvidia took a breather from its winning streak. Earlier in the session, the stock notched a new 52-week high. The chipmaker has gained 7% week to date and is headed for its ninth-straight winning week. Marvell Technology — The chip company sank more than 11% on light first-quarter earnings and revenue guidance.

Gap — Gap rallied more than 8% on strong holiday-quarter results . The retailer posted earnings of 49 cents a share on $4.30 billion in revenue, topping the 23 cents per share and $4.22 billion in revenue expected by analysts polled by LSEG. The company also said its Old Navy brand returned to growth for the first time in over a year. New York Community Bancorp — Shares of the regional bank dipped 6.6% even after Moody's Investors Service announced it placed NYCB on "review for upgrade.

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​​How Nvidia’s Investment Arm Is Supercharging A New Class Of AI StartupsI'm a Forbes technology reporter and senior writer based in San Francisco. Send me tips at rnievaforbes.com or richardnievaprotonmail.com.
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