Stock Movers Constellation Energy Drops, Marvell Rallies on Nvidia Investment, Unilever Slides
Mar 31, 2026
Nora Melinda, a Bloomberg Television markets correspondent, breaks down big market movers. She covers Constellation Energy’s EPS guidance miss and lack of data-center detail. She discusses Nvidia’s $2B stake in Marvell and their silicon photonics and AI networking tie-up. She reviews Unilever’s controversial $44.8B food deal with McCormick and the market reaction.
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Constellation Energy Guidance Miss Spurs Big Selloff
- Constellation Energy's stock dropped sharply after guidance missed and data-center deal details were not advanced.
- Shares fell as much as 9.3% intraday and are down about 22% year-to-date despite 78% of analysts still rating it a buy.
Nvidia Stake Sends Marvell Soaring
- Marvell Technology jumped double digits after Nvidia agreed to take a $2 billion stake and open its system to Marvell integration.
- The firms will collaborate on silicon photonics and telecom network integration for AI, sending Marvell up about 11–13% intraday.
Unilever McCormick Tie-Up Triggers Market Doubts
- Unilever confirmed a $44.8 billion deal to combine its food business with McCormick, sparking steep share declines.
- Unilever ADRs fell as much as 7.3% to multi-month lows while RBC analysts called the deal unimpressive and McCormick shares plunged about 10%.