After President Trump signed executive orders to accelerate U.S. quantum development (aiming for a deployable quantum computer by 2028 and post-quantum cryptography by 2031) and building on prior federal backing of about $2 billion, quantum stocks jumped in after-hours trading led by Infleqtion (~13%), Rigetti (~6%), D-Wave (~7–8%), IonQ (~3%), and IBM (~3.6%).
Qualcomm shares rose about 2% in after-hours trading after Nvidia CEO Jensen Huang publicly endorsed the stock, praising Qualcomm's performance in the mobile-device sector and urging investors to buy.
Futures pointed higher after a rebound in stocks as investors welcomed easing geopolitical tensions, with the Dow up about 0.6%, the S&P 500 around 0.6%, and the Nasdaq about 0.9% in regular trading, while the Dow Transports hit an all-time high. Trump’s move to suspend tariffs on eight European nations and talk of a Greenland framework alleviated risk appetite, though gold prices continued to rise to record levels. After-hours, Intel slumped ~12% on weak Q1 guidance, and Capital One announced it would acquire Brex for $5.15 billion. Intuitive Surgical rose on solid results, and Clorox agreed to buy Gojo Industries. Futures for the Dow slipped ~0.1%, while the S&P 500 and Nasdaq futures inched lower or higher modestly. The week remains mixed, with the Dow little changed or up slightly, and the S&P 500 and Nasdaq on track for a second straight weekly decline.
Stock futures declined after major tech companies reported earnings, highlighting concerns about AI spending and its impact on profits, while the Federal Reserve's interest rate decision added to market uncertainty amid geopolitical tensions and economic data.
General Motors, Dave & Buster's, and GE Vernova are among the companies experiencing significant stock movements in after-hours trading. These fluctuations are likely influenced by recent financial reports, market trends, or company-specific news impacting investor sentiment.
Shares of Five Below, Spirit Airlines, and JB Hunt Transport Services are slipping in after-hours trading due to disappointing second quarter earnings guidance and results. Five Below announced a CEO transition and slashed its earnings forecast, Spirit Airlines cut its revenue guidance due to lower non-ticket revenue, and JB Hunt reported earnings and revenue below Wall Street expectations.
Several companies experienced significant stock movements after hours, with Salesforce shares dropping over 14% due to missed revenue estimates and weak guidance, while UiPath plummeted 30% following the CEO's resignation. HP Inc. and Pure Storage saw gains on better-than-expected earnings, whereas Capri and American Eagle Outfitters declined due to disappointing results and guidance. C3.ai shares rose over 8% on strong quarterly results, and Agilent Technologies and Nutanix both fell 14% after lowering their full-year guidance.
GameStop and Concentrix are among the stocks making significant moves after hours, with GameStop's shares rising and Concentrix's falling. The after-hours trading activity reflects the ongoing volatility in the market, impacting various companies' stock prices.
Nordstrom's shares drop in after-hours trading as the retailer's fourth-quarter earnings beat is overshadowed by a disappointing full-year forecast, while Ross Stores experiences fluctuating movements after reporting a fourth-quarter earnings beat on both the top and bottom lines, with comparable sales growing 7% and full-year guidance falling below Wall Street expectations.
Stitch Fix shares slide after missing revenue estimates and reporting wider losses, ThredUp stock dips despite beating revenue estimates, and GitLab plunges in extended hours trading despite topping fourth-quarter earnings estimates, as its full-year guidance falls short of analysts' expectations.
Snowflake stock sinks in after-hours trading as product sales guidance falls short and CEO Frank Slootman steps down; C3.ai beats third-quarter revenue estimates, with subscription revenue rising; Okta stock jumps over 20% after topping fourth-quarter revenue forecasts, following a wide-scale security breach disclosure.
Lucid (LCID) reported a loss in the fourth quarter, missing revenue expectations, while setting a 2024 production target of 9,000 vehicles; APA Corporation (APA) fell short of the Street's estimate for fourth-quarter adjusted earnings per share, while Marathon Oil (MRO) beat estimates. Nvidia (NVDA) posted better-than-expected fourth-quarter results, leading to after-hours stock movements for companies like Super Micro Computer (SMCI) and C3.ai (AI).