Apple supplier Skyworks Solutions forecast declines in revenue in its mobile segment and projected profits below Wall Street estimates for the current quarter on Wednesday.

Shares of the California-based company were 22% lower in overnight trading.

Separately, the company said it had named former Intel and Inseego executive Philip Brace as its next CEO and president as part of a succession process to replace former chief Liam Griffin.

Shares of BigBear.ai Holdings surged 5% in overnight trading after soaring 45% on Wednesday after the company said it received a contract from the Department of Defense's chief digital and artificial intelligence office to develop its automated learning and forecasting machine, called Virtual Anticipation Network.

American Superconductor shares rose 13% in overnight trading after the company reported strong financial results for Q3 FY2024, with revenue increasing 56% year-over-year to $61.4 million, compared to $39.4 million in Q3 FY2023. The growth was attributed to organic expansion and the NWL, Inc. acquisition.

The company achieved a net income of $2.5 million ($0.07 per share), marking its second consecutive profitable quarter, compared to a net loss of $1.6 million ($0.06 per share) in the same period last year. Non-GAAP net income reached $6.0 million ($0.16 per share).

Qualcomm on Wednesday forecast sales and profits above analyst expectations as artificial intelligence features helped fuel demand for smartphones, and its share price fell 4.5% in overnight trading on expectations of flat revenue from its patent licensing business.

Chip tech provider Arm Holdings, said on Wednesday it will no longer meet the top end of its previous full-year guidance, but slightly topped Wall Street's current-quarter expectations. Arm shares slumped 6% in overnight trading after the report.

For the full year, Arm narrowed its revenue guidance to a range of $3.94 billion to $4.04 billion from $3.8 billion to $4.1 billion. The company also narrowed its adjusted earnings per share guidance for the full year.

Ford shares dropped 4.4% in overnight trading Wednesday after the carmaker projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a loss similar to last year and a sign of the severe difficulties in cutting costs on battery-powered models.

The automaker forecast overall profitability for 2025, but even that was lower than in 2024. For the fourth quarter, it reported a net profit of $1.8 billion, up from a loss of $500 million in the year-ago quarter as pension-related costs weighed on results.

Super Micro Computer shares gained another 2.5% in overnight trading. The shares jumped 8% on Wednesday after the server maker announced it fully ramped up its artificial-intelligence data center with Nvidia’s Blackwell platform, the chip maker’s recently released new graphics processing unit.

Viking Therapeutics shares slid 8.2% in overnight trading after the biotech company issued its Q4 earnings report and a pipeline update.

Viking reported a net loss of $0.32 per share with no revenue. Analysts, on average, had been expecting a net loss of $0.27 per share with no revenue. The company finished 2024 with $903M in cash and equivalents, compared to $362M for the prior year.

Strategy, formerly known as MicroStrategy and founded by Michael Saylor,, the biggest corporate holder of bitcoin, reported a fourth consecutive quarterly loss on Wednesday as the company booked an impairment charge on its stockpile of the cryptocurrency. The shares dropped 0.8% in overnight trading.

The Tysons Corner, Virginia-based company booked impairment losses from digital assets of $1.01 billion in the quarter, compared with $39.2 million a year ago. Strategy has completed $20 billion of the capital plan and held about 471,107 bitcoins with a market value of $46 billion as of Feb. 2.

Symbotic logged revenue growth for its fiscal first quarter that came below management expectations and guided for further growth that missed Wall Street estimates. Shares fell 14% in overnight trading.

Digital Turbine raised its guidance for the March quarter, projecting year-over-year growth across revenue and nearly 50% growth in adjusted EBITDA. The shares surged 32% in overnight trading.