Quantum Computing reported fourth quarter 2024 financial results that fell short of analyst expectations, sending shares down 17.3% in overnight trading. Its peers also sank again in overnight trading. SEALSQ Corp fell 15.2%; Quantum Corporation fell 8.8%; Rigetti Computing fell 5.3%; D-Wave Quantum fell 4%.

Shares of quantum computing firms experienced a sharp downturn on Thursday after comments from Nvidia’s CEO Jensen Huang raised doubts about the immediate future of the industry.

Micron Technology forecast third-quarter revenue above Wall Street estimates, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models, sending its shares up 2% in overnight trading.

Nike forecast a steeper drop in fourth-quarter revenue than analysts had expected, striking a cautious tone as it works to rekindle interest among consumers who have defected to trendier rivals. The shares dropped 4.9% in overnight trading.

FedEx lowered its full-year profit and revenue forecasts, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners. The shares sank 5.6% in overnight trading.

Luminar reported fourth quarter 2024 financial results that exceeded analyst expectations for revenue. Shares of lidar maker rose 3.5% in overnight trading.

Planet Labs achieved a milestone in the fourth quarter, reporting positive adjusted earnings before interest, taxes, depreciation and amortization for the first time since becoming a publicly traded company in 2021. However, its projected full-year revenue range of $260 million to $280 million falls slightly below the average analyst estimate of $273.8 million. Shares of the satellite data provider fell 11.1% in overnight trading.