Check out the companies making headlines in after-hours trading. Nvidia — Shares of the chipmaker rose more than 6% in extended trading on the back of better-than-expected third-quarter results . Nvidia earned $1.30 cents per share, excluding items, on $57.01 billion in revenue. Analysts polled by LSEG had expected $1.25 cents per share in earnings and $54.92 billion in revenue. Nvidia also forecasted about $65 billion in sales for the current quarter, which was higher than analysts’ expectations of $61.66 billion in revenue, likely lifting investors’ sentiment on the strength of the AI boom. AI chipmakers — Shares of stocks heavily tied to the demand for artificial intelligence computing power are trading higher after Nvidia’s earnings report. Advanced Micro Devices jumped more than 5%, Broadcom rose nearly 2%, Taiwan Semiconductor climbed 3%, and Super Micro Computer added 6%. Cloud computing giant Oracle shares gained nearly 3%. Palo Alto Networks — The networking and security company saw shares slip more than 3% in after-hours trading, despite narrowly surpassing Wall Street’s fiscal first-quarter earnings and revenue expectations. Palo Alto’s forecast was slightly underwhelming, as the company said it expects second-quarter revenue of between $2.57 billion and $2.59 billion, while analysts polled by LSEG predicted $2.58 billion. Oddity Tech — Shares of Oddity, the maker of Il Makiage and Spoiled Child, jumped about 21% after the company beat on top and bottom lines. Oddity earned 40 cents per share, after adjustments, on revenue of $148 million, while analysts polled by LSEG expected 35 cents per share on revenue of $145 million. Data center infrastructure stocks — With Nvidia’s fiscal third-quarter earnings showing continued strong demand for AI chips, companies that support the build out of data centers were trading higher after the bell. Power companies such as Constellation Energy rose 3% and Talen Energy added more than 1%, while digital infrastructure provider Vertiv added more than 6% and Eaton added 2%. Datadog — Shares after the cloud security company dipped 3% after Datadog’s chief executive officer sold $18.3 million worth of shares. — CNBC’s Christina Cheddar Berk contributed reporting.
Post Comment