24H｜Crypto Stocks Jump; American Bitcoin up 7%; BMNR, IREN up 3%; Marvell Jumps 9%; American Eagle Outfitters Soars 11%; GitLab Sinks 9%; CrowdStrike Falls 2%

Crypto stocks jumped in overnight trading.

American Bitcoin rose 7%; Upexi rose 4%; BMNR, IREN rose 3%; Strategy, MARA, Circle up 2%; Coinbase, SBET up 1%.

Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its next fiscal year.

Marvell's shares were up about 9% in overnight trading.

American Eagle Outfitters raised its annual comparable sales forecast on Tuesday, betting on marketing-driven demand for its apparel and accessories during the holiday season, sending its shares up about 11% in overnight trading.

Successful marketing campaigns, along with its focus on high-earning consumers, have helped the company fight inflation and a trade policy-driven broader retail slowdown that has impacted discretionary spending among budget-conscious consumers.

CrowdStrike Holdings, Inc. forecast fourth-quarter revenue above analysts' estimates on Tuesday, as the cybersecurity firm benefits from growing adoption of AI across its product suite.

Shares of the company fell about 2% in overnight trading.

Cybersecurity company Okta Inc. fell about 4% in overnight trading as its forecast fourth-quarter revenue was above Wall Street estimates on Tuesday, betting on growing demand for its identity and access management solutions.

Clients turn to companies such as Okta to safeguard identities of both humans and a growing number of artificial intelligence-powered systems, as hackers frequently target these identities as entry points to steal sensitive business data.

GitLab, Inc. shares sank 9% in overnight trading as it swung to a loss in its latest quarter despite posting double-digit sales gains.

The company, which provides software-development tools, also named Jessica Ross its next chief financial officer.

GitLab on Tuesday recorded a loss of $8.3 million, or 5 cents a share, compared with a profit of $29.1 million, or 18 cents a share, a year earlier.

Pure Storage shares sank 11% in overnight trading after reporting its third-quarter fiscal 2026 financial results.

For the quarter ended November 2, the data storage and management company reported adjusted earnings per share of $0.58 compared to the consensus estimate of $0.58. GAAP EPS was $0.16 versus the estimate of $0.24.

Revenue for the third quarter increased 16% year over year to total $964M, which was more than the $956.5M estimate. Its adjusted gross margin was 74% versus the 72% estimate.