Let’s check out the companies that are becoming a hot topic for after-hours trading. Nvidia — Shares of the chipmaker rose more than 6% in after-hours trading on the back of better-than-expected third-quarter results. Nvidia earned $1.30 per share, excluding items, on revenue of $57.01 billion. Analysts polled by LSEG had expected earnings of 1.25 cents per share and revenue of $54.92 billion. Nvidia also expected sales of about $65 billion for the quarter, higher than analysts’ expectations for sales of $61.66 billion, likely due to the strength of the AI boom boosting investor sentiment. AI chipmaker — Stocks heavily tied to demand for artificial intelligence computing power are rising after Nvidia’s earnings report. Advanced Micro Devices rose more than 5%, Broadcom rose nearly 2%, Taiwan Semiconductor rose 3% and Super Microcomputer rose 6%. Shares of cloud computing giant Oracle rose nearly 3%. Palo Alto Networks — The networking and security company narrowly beat Wall Street’s fiscal first-quarter profit and revenue estimates, but its stock price fell more than 3% in after-hours trading. Palo Alto’s forecast was slightly below expectations, with the company expecting second-quarter sales of $2.57 billion to $2.59 billion, compared to the $2.58 billion expected by analysts surveyed by LSEG. Oddity Tech — Shares of Oddity, the maker of Il Makiage and Spoiled Child, rose about 21% after the company posted wins on sales and bottom line. Oddity had adjusted sales of $148 million and earnings of 40 cents per share, compared with analyst estimates compiled by LSEG of 35 cents per share on sales of $145 million. Data Center Infrastructure Stocks — Companies that help build data centers rose after the bell as Nvidia’s third-quarter results showed continued strong demand for AI chips. Utilities like Constellation Energy rose 3%, Talen Energy more than 1%, digital infrastructure provider Vertiv more than 6% and Eaton more than 2%. Datadog — The cloud security company’s stock fell 3% after Datadog’s chief executive officer sold $18.3 million worth of stock. —CNBC’s Christina Cheddar Berk contributed reporting.
