Late Night Market Recap

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  Night.Owl
 
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Night.Owl masters market recaps, offering sharp analysis that uncovers hidden patterns and key moves. Stay ahead with Night.Owl’s expert insights.
 

•  06 Jan 2026
 

•   BYND  
   
  +5.38%
•   CVX  
   
  +3.56%
•   HAL  
   
  +5.84%
•   MCHP  
   
  +0.47%
•   MRVL  
   
  -5.68%

$NVDA Nvidia declined 0.45% on massive volume of 174.96 million shares despite unveiling its Rubin platform at CES 2026. CEO Jensen Huang showcased the six-chip AI platform now in full production, with analysts turning increasingly bullish on the company's future. JPMorgan highlighted physical AI as the next revenue growth driver. The company expanded partnerships with Magna for autonomous vehicles, launched Alpamayo open-source AI models for self-driving technology, and intensified its robotaxi push to challenge Tesla. Reports showed strong H200 chip demand in China with adequate supply, while new collaborations with Siemens on industrial AI deepened the company's market position.

$BYND Beyond Meat surged 4.9% on heavy volume of 54.39 million shares as traders speculated on a potential 2026 comeback. The company has struggled with stagnant consumer demand and declining sales, with December alone seeing a 17% drop. Questions remain about the long-term investment case given persistent losses and weak operational metrics.

$HAL Halliburton tumbled 3.41% on volume of 24.41 million shares, pulling back after recently surging 7.8% above its $31.04 analyst target price. Traders took profits following the strong run as energy stocks digested mixed signals from crude oil markets and geopolitical developments.

$MRVL Marvell Technology declined 2.22% on volume of 24.24 million shares despite announcing a $540 million acquisition of XConn Technologies. The deal aims to strengthen AI data center connectivity through advanced PCIe and CXL switching silicon. Melius Research upgraded the stock with a $135 target citing accelerating custom silicon demand, while Wells Fargo called the XConn deal important for memory pooling capabilities.

$CVX Chevron fell 4.46% on volume of 20.27 million shares as markets processed implications of Venezuela developments. The oil major is viewed as a prime beneficiary of potential new investment opportunities, though reports suggest no immediate expansion plans. Despite today's decline, Chevron maintains its 38-year dividend increase streak, making it attractive for passive income investors heading into 2026.

$MCHP Microchip Technology exploded 11.65% higher on volume of 18.16 million shares after raising its fiscal outlook for the second time. The semiconductor company exceeded third-quarter revenue expectations with strong December results and positive March quarter guidance. The stock topped the Nasdaq 100's daily performers list, rallying 7.6% in early trading before extending gains. Cantor Fitzgerald upgraded the stock as the company benefits from easing microchip shortages across industries.

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