Aug 28, 2026 · 6 min

Nvidia’s historic rally overshadows mixed stock moves

PayPal and Marvell Technology Decline; Gap Soars

The episode shows how takeover uncertainty, elevated investor expectations, leadership changes, and blockbuster earnings can pull major stocks in opposite directions.

3 key takeaways

1PayPal fell after Advent International and Stripe abandoned a potential takeover, while Marvell declined despite beating quarterly expectations.
2Gap shares surged after raising its full-year outlook and naming Michael Francis to lead Old Navy despite weaker operating signals.
3Nvidia added roughly $442 billion in market value after shares rose more than 8.5%, marking the second-largest one-day gain in stock-market history.

Don't miss

Nvidia shares rose more than 8.5%, adding roughly $442 billion in market value in one day, the second-largest gain in stock-market history.

The brief

Nathan Hager and Ewan Potts examine stocks moving ahead of the Jackson Hole speech, where PayPal and Marvell both fell for different reasons.

PayPal declined after a potential Advent International and Stripe takeover was abandoned, while Marvell slipped despite beating quarterly expectations because investors wanted more.

Gap emerged as a positive mover after raising its full-year outlook and naming Michael Francis to lead Old Navy, even as comparable-store revenue disappointed.

Nvidia delivered the episode’s defining market event: shares rose more than 8.5%, adding roughly $442 billion in value, the second-largest one-day gain in history.

The episode closes by previewing a smart-cities discussion on how AI and long-term urban planning, including Dubai’s approach, can address rapid growth.

What was said on this episode

11 statements · 9 positive · 2 negative

Ewan Pottson PayPalPositive1:09
PayPal shares have performed strongly during the year.
“PayPal shares have had a really strong run this year.”
Listen at 1:09
Ewan Pottson PayPalNegative1:14
PayPal stock fell more than 15% in premarket trading.
“It is down more than 15% in the pre-market.”
Listen at 1:14
Ewan Pottson Marvell TechnologyPositive1:38
Investors have driven Marvell shares up more than 180% this year.
“investors have pushed their shares up more than 180% this year.”
Listen at 1:38
Ewan Pottson Marvell TechnologyNegative1:44
Marvell shares fell more than 7% during the morning.
“Marvel shares down more than 7% so far this morning.”
Listen at 1:44
Ewan Pottson Gap sharesPositive2:25
Gap shares rose 14%.
“shares in gap the gap uh up 14 okay”
Listen at 2:25
Ewan Pottson Nvidia sharesPositive2:42
Nvidia’s blockbuster earnings drove shares up more than 8.5%.
“Those blockbuster earnings driving shares up more than 8.5% in yesterday's session.”
Listen at 2:42
Ewan Pottson Nvidia market valuePositive2:47
Nvidia gained approximately $442 billion in market value in one session.
“that saw a cool $442 billion added to the company's market value.”
Listen at 2:47
Ewan Pottson Nvidia market-value gainPositive2:53
Nvidia’s one-day market-value gain ranked second-largest in stock-market history.
“that was the second largest one-day gain by any stock in history.”
Listen at 2:53
Rohit Krishnanon AI in smart citiesPositive3:47
AI will compress smart-city processes and increase their speed.
“AI will allow in the smart city space to compress a lot of things. The speed will change.”
Listen at 3:47
Estefanía Tapiason Dubai’s response to population growthPositive4:13
Dubai responded effectively to its sudden population increase.
“they reacted very well to it.”
Listen at 4:13
Estefanía Tapiason Dubai urban planningPositive4:15
Dubai has a long-term urban-planning vision.
“They have a long-term urban planning vision”
Listen at 4:15

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.