Nauticus Robotics Inc. surged by 36% following the announcement of its intent to acquire SeaTrepid International. This strategic acquisition aims to expand the addressable market and drive operational synergies, showcasing advancements in power efficiency and operational performance through the integration of Nauticus' AI-driven autonomy software ToolKITT into SeaTrepid's existing ROV fleet.

Marvell Technology stock tumbled 14% in overnight trading as it forecast first-quarter revenue in line with Wall Street estimates on Wednesday, failed to excite investors who expected sharper AI-driven growth. Chip maker Broadcom also experienced a decline of 2.2% following the news.

The demand and resulting shortage of AI chips have driven up the prices of Nvidia's AI processors. As a result, tech giants such as Microsoft, Meta Platforms, and Amazon.com are reducing their reliance on Nvidia by developing their own AI processors.

MongoDB Inc. fell sharply by 16% after the company released its fourth-quarter results and provided guidance for FY25 that fell short of Wall Street expectations. Despite reporting strong Q4 financial results, including an adjusted net income of USD 108.4 million and revenue of USD 548.4 million, the stock hit a six-month low of $222.50 due to disappointing future earnings projections.

Zscaler Inc. saw a rise of 5% after providing a positive outlook for FY and Q3. The company expects a non-GAAP net income per share of $3.04 to $3.09 for FY and $0.75 to $0.76 for Q3. Zscaler's Q2 financial results exceeded estimates, with revenue of USD 647.9 million and an adjusted net income of USD 127.1 million.

Rigetti Computing fell by 10.5% after reporting Q4 financial results that missed expectations, with a net income of USD -153 million and revenue of USD 2.3 million.