Block said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul to embed artificial intelligence across its operations, sending shares of the payments firm up 22.1% in overnight trading.
MARA Holdings is partnering with Barry Sternlicht’s Starwood Capital to develop some of the Bitcoin miner’s existing sites into infrastructure that can support artificial intelligence applications and some other cloud services. MARA’s shares jumped 14.3% in overnight trading.
Dell said it expects revenue from its key artificial intelligence-optimized servers business to double in fiscal year 2027 and promised to return more cash to shareholders, sending its shares surging 12% in overnight trading.
Paramount Skydance emerged as the likely winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio. Netflix shares jumped 8.8% in overnight trading, while Paramount Skydance gained 7.3%.
Computer-aided design software company Autodesk shares climbed 3.1% in overnight trading after reporting its fourth quarter fiscal 2026 financial results post-market that demonstrated a 19% year-over-year revenue jump.
Home battery storage provider Sunrun reported Q4 earnings late Thursday of $0.38 per diluted share, swinging from a loss of $12.51 a year earlier. While shares fell 2.1% in overnight trading.
MP Materials shares dropped 2.6% in overnight trading after posting better-than-expected Q4 adjusted earnings but a 13.6% Y/Y decline in revenues to $52.7M, following its decision to stop shipping rare earths to China for processing as part of its agreement with the U.S. government.
Monster Beverage beat fourth-quarter sales and profit estimates, helped by resilient demand for its energy drinks amid economic uncertainty. While shares fell 2.8% in overnight trading.
TeraWulf shares fell 4.1% in overnight trading. The selloff was triggered by earnings that fell well short of analyst expectations.
Intuit forecast third-quarter profit below Wall Street estimates, as it anticipates higher marketing spending to attract more customers during the U.S. tax season. Shares of the company fell 4.7% in overnight trading.
FanDuel-owner Flutter Entertainment forecast modest profit growth for 2026 far below analyst expectations due to challenges in the betting giant's main U.S. market compounded by its misfiring attempts to win customers over with promotions and bonuses. The shares fell 5.4% in overnight trading.
Rocket Lab shares fell 5.9% in overnight trading after the company's better-than-expected fourth-quarter earnings couldn't stem investors' disappointment over another Neutron delay.
Figure Technology Solutions shares dropped 6.6% in overnight trading. The primary driver for the decline was the company's fourth-quarter earnings per share falling short of analyst expectations.
NuScale Power announced Thursday that it has entered into a new at-the-market (ATM) equity offering agreement, allowing the company to offer and sell up to $1 billion in Class A common stock. The shares dropped 6.8% in overnight trading.
Search AI company Elastic reported third quarter results that exceeded analyst expectations, yet shares fell 7.5% in overnight trading as investors appeared to focus on the company’s fourth quarter guidance.
CoreWeave fell 8.5% in overnight trading after reporting a bigger-than-expected loss and boosting capital expenditures, spurring concerns about the company overspending on infrastructure.
Zscaler posted a wider net loss in the second quarter, citing higher spending on sales, marketing, and research and development in a competitive market, sending shares of the cloud security firm down 8.8% in overnight trading.
Ambarella expects revenue growth to slow this fiscal year after logging a narrower loss and higher sales in its latest quarter. The semiconductor company sank 12.9% in overnight trading.
Duolingo forecast first-quarter and 2026 bookings below expectations as it shifts strategy toward faster user growth, a move it said will weigh on bookings growth and profitability this year, sending the company's shares down more 21.4% in overnight trading.
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