After-Hours Trading Trends

Here’s a look at some companies making headlines in after-hours trading. Nvidia saw its shares increase by over 6% following impressive third-quarter results. The chipmaker reported earnings of $1.30 per share, excluding some items, with revenue hitting $57.01 billion. Analysts had anticipated earnings of $1.25 per share and revenue of $54.92 billion. Furthermore, Nvidia projects revenue around $65 billion for the next quarter, surpassing the expected $61.66 billion, likely fueled by strong AI-driven investor interest.

Stocks related to artificial intelligence are also benefiting from Nvidia’s performance. Advanced Micro Devices climbed more than 5%, Broadcom gained nearly 2%, Taiwan Semiconductor rose 3%, and Super Microcomputer increased by 6%. Meanwhile, Oracle, a major player in cloud computing, experienced a near 3% rise in its shares.

On the other hand, Palo Alto Networks narrowly exceeded Wall Street expectations for its fiscal first-quarter profit and revenue, yet its stock fell over 3% in after-hours trading. The company’s outlook for the second quarter was a tad below analysts’ predictions, projecting revenue between $2.57 billion and $2.59 billion, while analysts were looking for $2.58 billion.

In a positive turn, Oddity Tech, known for brands like Il Makiage and Spoiled Child, saw its shares jump about 21% after reporting strong sales and profits. The company posted adjusted sales of $148 million with earnings of 40 cents per share, beating analyst estimates of 35 cents per share on sales of $145 million.

Data center infrastructure stocks also saw an uptick, buoyed by Nvidia’s report signaling robust demand for AI chips. Companies like Constellation Energy rose about 3%, Talen Energy increased more than 1%, while digital infrastructure provider Vertiv and Eaton grew over 6% and 2%, respectively.

In contrast, Datadog’s stock dipped by 3% after its CEO sold $18.3 million in shares.