Palo Alto Networks Inc (NYSE:PANW, XETRA:5AP) shares dipped more than 4% afterhours as investors reacted with disappointment to the company’s September quarter earnings and guidance, despite the cybersecurity firm topping Wall Street estimates for both revenue and profit.
For fiscal Q1, Palo Alto reported revenue of $2.5 billion, up 16% year-over-year and ahead of estimates of $2.46 billion.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) reported third-quarter revenue that exceeded expectations, supported by increased demand for its AI-focused data center products.
The chipmaker posted revenue of $57.01 billion for its fiscal third quarter, surpassing Wall Street expectations of $55.19 billion and marking a 62% increase from a year earlier. Adjusted earnings per share rose to $1.30, up 60% year-over-year and 24% sequentially.
Alphabet Inc (NASDAQ:GOOG) shares are trading at an all-time high, hitting an intraday high of about $304 on Wednesday, following the release of the company’s latest large language model, Gemini 3.
The new AI model, which succeeds the previous Gemini version, is designed to deliver improved responses to complex queries, with better contextual understanding and reduced need for prompting.
MP Materials (NYSE:MP) shares jumped about 9% on Wednesday following the announcement of a joint venture with the US Department of Defense and the Saudi Arabian Mining Company (Maaden) to develop a rare earth refinery in Saudi Arabia.
Under the agreement, MP and the Pentagon will collectively hold a 49% stake in the joint venture, while Maaden will maintain a minimum 51% interest.
Wix (NASDAQ:WIX) shares tanked almost 15% on Wednesday, despite the no-code website building platform reporting third-quarter 2025 revenue and earnings that beat Wall Street expectations.
The drop was driven by investor concerns over rising operating expenses, including higher AI-related costs tied to Wix’s Base44 platform, increased marketing investments, and potential share dilution following a recent $1 billion convertible notes offering.
Unity Software Inc (NYSE:U) shares added almost 6% following the announcement of a partnership with Epic Games aimed at expanding opportunities for game developers.
The collaboration allows Unity developers to publish their games within Fortnite’s discovery system, giving them access to Fortnite’s ecosystem of over 500 million registered accounts and its Creator Economy, which distributes hundreds of millions of dollars annually to creators.
Adobe Inc (NASDAQ:ADBE) said on Wednesday it will acquire Semrush Holdings Inc (NYSE:SEMR), a marketing analytics and brand visibility platform, in an all-cash transaction valued at approximately $1.9 billion.
Adobe will pay $12 per share, representing a premium of roughly 75% to Semrush’s prior closing price.
La-Z-Boy (NYSE:LZB) shares jumped 20% after the Michigan-based furniture maker’s fiscal second quarter earnings topped Wall Street expectations.
The furniture company reported revenue of $522.5 million for the quarter ended October 25, slightly above analyst estimates of $516.5 million and essentially flat year-over-year.
Lowe's Companies Inc (NYSE:LOW) on Wednesday reported third-quarter earnings that slightly beat analysts’ estimates and raised its full-year guidance, signaling resilience in the home improvement sector despite ongoing economic headwinds.
The home improvement retailer posted adjusted earnings per share of $3.06 for Q3, up 5.9% from a year earlier and above the Street’s estimate of $2.97.