Shares of AMD rose 2% in overnight trading.

Advanced Micro Devices CEO Lisa Su praised efforts to create “American manufacturing and resiliency” in an interview with Bloomberg. According to the CEO, the shift to bringing chip production to the U.S. is an important one. It allows for supply lines that face less disruption, which she noted the industry learned about the hard way during the COVID-19 pandemic.

Su’s comments about American manufacturing came at the same time President Donald Trump revealed plans to boost the country’s AI capabilities. The President wants to do so through the deregulation of AI. He’s also the force behind the shift to U.S. manufacturing, as the President seeks to make the country a powerhouse among technology producers.

Opendoor shares jumped 5.8% in overnight trading.

Analysts attribute the renewed interest in Opendoor to several factors. First, the stock has gained favor among retail investors on social media platforms like Reddit, with some comparing it to the meteoric rise of Carvana. Second, the high short interest in Opendoor shares (reported at 21.4% of float) has set the stage for potential short squeezes. Lastly, Eric Jackson, founder of EMJ Capital, publicly announced his fund had taken a position in Opendoor last week, predicting the stock could reach $82 in the longer term.

However, investors should be cautious. While the meme stock phenomenon has shown that market psychology and crowd behavior can sometimes overshadow traditional valuation metrics, the fundamental outlook for Opendoor remains challenging. The company is still unprofitable and faces headwinds in the real estate market. The extreme volatility seen in Opendoor's stock price underscores the speculative nature of the current trading activity, with large gains often followed by significant pullbacks.

Intel shares falling more than 4% in overnight trading. Intel Chief Executive Officer Lip-Bu Tan vowed to impose “new financial discipline” at the chipmaker, but struggled to give a clear picture of how he’ll make the company more competitive again.

As part of Intel’s second-quarter report Thursday, Tan said the company will cancel some factory projects and take a more conservative approach to future spending. Tan called the investments begun under his predecessor, Pat Gelsinger, excessive and unwise.

“I do not subscribe to the belief that if you build it, they will come,” he said on a conference call with analysts.

In its report, Intel gave a stronger third-quarter sales forecast than anticipated but a dimmer view of profits. Margins will be tighter than Wall Street estimated in the period, and Intel only expects a break-even quarter. Analysts had estimated a 4-cent gain on that basis.

Comfort Systems stock gained 14% in overnight trading.

Comfort Systems USA beat expectations for second-quarter financial results and raised its dividend.

The provider of ventilation and electrical services logged a roughly 70% increase in earnings per share at $6.53 for the quarter. That was ahead of the $4.84 a share analysts were expecting, according to FactSet.

Revenue jumped 20% to $2.17 billion, beating the $1.97 billion Wall Street estimate.

The board also raised the quarterly dividend by 11% to 50 cents. The new payout, equal to $2.00 a year, represents an annual yield of about 0.36% based on Thursday's closing price, up from 0.32%.