Palantir raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology. Shares of the company rose about 14% in overnight trading.
Trump proxy stock Trump Media & Technology (DJT) jumped another 7.3% in overnight trading as the US election approached.
Shares of the artificial intelligence networking chip company Astera Labs were flying high in overnight trading, rising nearly 25% on the back of a solid earnings beat and strong guidance for the current quarter.
NXP Semiconductors forecast fourth-quarter revenue below estimates, as it anticipates uncertain demand and broader macroeconomic weakness in Europe and the Americas. Nasdaq-listed shares of NXP fell 5.9% in overnight trading.
Shares of Lattice Semiconductor sank 17.7% in overnight trading after the company reported results that missed analysts' expectations and disclosed plans to cut its workforce.
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