24H|EA Jumps 6%; AMD Gains 2%; Marvell Falls 3%; Super Micro Drops 5%; Pony AI Sinks 7%; Upstart Plunges 16%

Tiger Newspress
07 May

AMD reported better-than-expected earnings results Tuesday afternoon on strong data-center chip sales. It shares rose 1.8% in overnight trading.

Super Micro Computer cut its outlook for this fiscal year once again, and its stock was headed about 5% lower in overnight trading.

Upstart shares tumbled 16.2% in overnight trading after the artificial-intelligence lending platform forecast a second-quarter loss and sales that missed Wall Street’s expectations.

Electronic Arts forecast fiscal 2026 bookings above Wall Street expectations on Tuesday, as the videogame publisher bets on the strong performance of its sports titles and the launch of a new "Battlefield" game. EA's shares surged more than 6% in overnight trading as the launch of "Battlefield" this fiscal fills the gap left by Take-Two Interactive's delay of the long-awaited "Grand Theft Auto VI" out of its fiscal 2026.

Marvell Technology shares fell more than 3% in overnight trading after the chipmaker cut the high end of its revenue forecast and postponed an investor day event, citing the “uncertain” economy.

Rivian said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that President Donald Trump’s trade war will further dampen demand for pricey electric vehicles. The shares dropped 1.3% in overnight trading.

Pony AI shares pulled back 7% in overnight trading after soaring 47.6% on Tuesday. Uber and Pony AI unveiled a strategic partnership Tuesday to launch autonomous robotaxi services in the Middle East.

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