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Marvell Stock Surges on AI Optimism Ahead of Earnings
Marvell shares rose 3.6% in after-hours trading as Nvidia's strong outlook boosted AI sentiment. Options market anticipates a $22 billion swing ahead of Thursday's earnings report.
Nutanix Jumps 7% After Q4 Beat, FY2027 Outlook Reaffirmed
Nutanix (NTNX) shares rose 7.2% in after-hours trading after Q4 revenue and profit beat estimates, with FY2027 guidance reaffirmed. Market value climbed $1.27 billion.
Veeva Systems Surges 8% on AI Demand, Lifts Full-Year Forecast
Veeva Systems (VEEV) shares climbed 8.2% in after-hours trading, adding $3.3 billion in market cap, after the company raised its full-year sales outlook on robust AI demand.
Synopsys Stock Dips 2.8% Despite AI-Driven Guidance Lift
Synopsys (SNPS) shares dropped 2.8% after hours despite strong Q3 results and an AI-fueled guidance hike, as investors questioned the modest raise.
HP shares tumble 9% as PC shipments drop 16%, erasing $2.5B
HP shares slid 9% after PC shipments fell 16% in fiscal Q3, wiping out $2.5B in market value. Revenue beat estimates, but net income dropped 13.4%.
Okta Stock Soars 15.7% on Strong Backlog Growth and Raised Forecast
Okta shares jumped 15.7% after hours as Q2 results beat expectations and the company raised its full-year forecast, driven by accelerating backlog growth.
Salesforce Surges 12.7% on AI Revenue Strength, Market Cap Jumps $22.8B
Salesforce shares surged 12.7% in after-hours trading as AI-related annual recurring revenue approached $3.9 billion, driving a $22.8 billion market value increase.
CrowdStrike Jumps 11% on Record ARR, Raises Annual Forecast
CrowdStrike (CRWD) shares soared 10.9% after reporting record net new ARR of $332.8M and raising its fiscal 2027 outlook, adding $21B in market value.
Nvidia's AI Bet: $366B in Commitments, Stock Slips 1.8%
Nvidia beat Q2 expectations with $96.2B revenue, but shares fell 1.8% as AI commitments reached $366B. Q3 guidance of $108B also exceeded consensus.
Volato Stock Skyrockets 62% on $500M AI Infrastructure Merger Deal
Volato (SOAR) shares jumped 62% after announcing a $500M merger with AI infrastructure firm Alignment Engine, a deal 38 times its market cap.
Generate Biomedicines Plunges 20% as Lock-Up Expiry Floods Market
Generate Biomedicines (GENB) shares fell 20% as a 103.14 million-share lock-up expired, quadrupling the tradable float and heightening supply worries.
Snap Shares Tumble 8% on Youth Safety Lawsuit and Meta Settlement
Snap shares dropped nearly 8% as a Pennsylvania youth-safety lawsuit and Meta's $18 billion settlement spooked investors, wiping out about $791 million in market value.