Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, fell over 6% in overnight trading after delivering a disappointing sales forecast, hurt by the portion of its business that isn’t tied to artificial intelligence.
Software platform UiPath Inc. rode a wave of enthusiasm for all things AI and automation, beating Wall Street's expectations for its fiscal second quarter and sending its stock more than 10% higher in overnight trading.
Nvidia fell 1% in overnight trading. The stock has had a tough week, including a 9.5% decline Tuesday that wiped out a $279 billion in market value, the largest one-day market cap loss for any U.S. company on record. It was announced Wednesday that Nvidia would be investing in Sakana AI and partnering with the artificial-intelligence research company to spur AI development in Japan.