Super Micro Computer shares jumped 6.8% in overnight trading after giving an aggressive long-term revenue outlook and saying it “believes” it will meet a Nasdaq Inc. deadline to file audited financial results.
Upstart delivered strong fourth quarter results Tuesday afternoon, comfortably exceeding Wall Street expectations across all metrics. Additionally, the fintech company provided upbeat revenue guidance for both the first quarter and full fiscal year 2025, boosting investor confidence and driving the stock up 26.7% in overnight trading.
Alibaba stock rose 2% in overnight trading on a news report that Apple has partnered with e-commerce firm Alibaba to bring AI services to its devices in China.
Lyft forecast current-quarter gross bookings below estimates on Tuesday, as its jostles for more riders with larger rival Uber, while wildfires and extreme weather events disrupted its business in some key markets. Shares of the San Francisco-based firm fell 10.6% in overnight trading.
DoorDash topped analysts' estimate for quarterly revenue and total orders on Tuesday, as customers turned to its online platform to buy everything from food and groceries to alcohol during the holiday season. Shares of the company rose 5.4% in overnight trading, after it also decided to buy back shares worth up to $5 billion during fiscal 2025. That is a boost from the $1.1 billion it announced for 2024.
Quantum computing stocks gained in overnight trading. MicroCloud Hologram rose 4.8%; Rigetti Computing rose 3.5%; D-Wave Quantum rose 2.8%; IONQ Inc. rose 2.4%; Quantum Computing rose 1.7%.
Gilead Sciences posted fourth-quarter results that exceeded Wall Street expectations and forecast 2025 earnings above analyst estimates on Tuesday, sending the biotech company's shares up 4% in overnight trading.
Freshworks forecast annual revenue and profit above Wall Street estimates on Tuesday, betting on growing demand for its enterprise software for managing digital operations, sending its shares up 6.7% in overnight trading.
Confluent stock surged 13.6% in overnight trading after the data software company reported fourth-quarter earnings and sales beat expectations. The company also announced an expanded partnership with AI startup Databricks.
President Donald Trump's energy department said on Tuesday it approved the disbursement of a loan guarantee that had been finalized days before he took office to Calumet for the expansion of a sustainable aviation fuel refinery in Montana. Calumet shares jumped 25% in overnight trading.
Firefly Neuroscience shares soared 171% on Tuesday after the nano-cap MedTech announced its acceptance into the Nvidia Connect program, a free networking solution backed by the chip giant. The shares jumped another 17.9% in overnight trading.
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