Applied Materials Inc (NASDAQ:AMAT, XETRA:AP2) shares rose about 4% in after-hours trading on Thursday after the semiconductor equipment maker reported stronger-than-expected fiscal second quarter results and issued upbeat guidance, supported by continued demand tied to artificial intelligence investments.
The company posted record revenue of $7.91 billion for the quarter ended April 26, up 11% from a year earlier and above analyst expectations of $7.69 billion.
Cerebras Systems made a stunning stock market debut on Thursday, with shares of the artificial intelligence chipmaker surging as much as 109% above its IPO price as investor appetite for AI-linked plays showed no sign of cooling.
The company's shares opened at $350, against an IPO price of $185, before trading around $310 by midafternoon.
Snail Inc (NASDAQ:SNAL) stormed back to profitability in the first quarter, posting results that blew past analyst estimates and sending shares up roughly 156% on Thursday as investors bet on a crowded content pipeline stretching through the rest of the year.
The numbers behind the move were hard to ignore. Net revenues climbed 35.7% to $27.3 million for the three months ended March 31, up from $20.1 million a year earlier, driven by strong sales of ARK: Survival Ascended and the breakout performance of medieval survival game Bellwright. Net income swung to $2.1 million from a net loss of $1.9 million in the same period last year, a gain of roughly 210% year over year.
Snail Inc (NASDAQ:SNAL) announced that it attended Gamescom LATAM as the company looks to expand partnerships and publishing opportunities in Latin America, a region it described as an increasingly important market for the global gaming industry.
The Culver City, California-based gaming company said the event’s attendance rose 17.5% in 2026, underscoring growing interest in the Latin American games sector.
StubHub (NYSE:STUB) shares surged about 19% on Thursday morning after the ticketing marketplace reported first quarter results that topped Wall Street expectations on both revenue and profitability, while reaffirming its full-year outlook.
The company reported revenue of $446 million for the quarter ended March 31, 2026, up 12% year-over-year and above analyst expectations of about $425 million.
The United States has cleared roughly 10 Chinese companies to purchase Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)'s H200 artificial intelligence chips, according to a Reuters report citing people familiar with the matter.
The approved firms include major technology companies such as Alibaba, Tencent, ByteDance and JD.com, the sources said. The approvals also extend to several intermediaries, including Lenovo and Foxconn, which have been authorized to act as distributors of the chips in China under US licensing terms.
Klarna Group PLC (NYSE:KLAR) saw its revenue top $1 billion, beating analyst estimates and sending shares of the buy now, pay later company up nearly 16% in morning trading.
The Swedish fintech posted a net profit of $1 million in the first quarter, a milestone for a company that has been working to prove its profitability ahead of its New York Stock Exchange listing last year.
Cisco Systems Inc (NASDAQ:CSCO, XETRA:CIS) reported fiscal third quarter 2026 results that topped Wall Street expectations on both revenue and earnings, driven by accelerating demand for AI infrastructure, sending shares up about 14% to about $116 on Thursday morning.
The company posted adjusted earnings per share of $1.06 for the quarter ended April 2026, compared with analyst expectations of $1.04.
Northstar Gold Corp. (CSE:NSG) announced that it is advancing exploration and development work at its 100%-owned Miller copper-gold property, located approximately 18 kilometres southeast of Kirkland Lake, Ontario, while outlining plans for renewed drilling at the Allied Gold Zone and continued advancement of its Cam Copper initiative.
The company said it is continuing work on the high-grade Cam Copper volcanogenic massive sulphide project and associated Surgical Mining initiatives in collaboration with Novamera, while also preparing to resume expansion drilling at the nearby Allied Gold Zone later this year.
Ideal Power Inc (NASDAQ:IPWR, FRA:5ILA) is positioning its patented B-TRAN bidirectional semiconductor switch at the center of a major industry shift toward high-voltage DC power architectures, the company said Thursday.
The news came as the Austin, Texas-based company reported first quarter results that reflected accelerating commercial momentum.
OptiBiotix Health PLC (AIM:OPTI, OTCQB:OPTBF), the AIM-listed life sciences company developing gut microbiome products and healthy sugar substitutes, saw its shares jump 13.5% to 5.68p after announcing plans to demonstrate its SweetBiotix products to shareholders at a London event in June.
The company reported a breakthrough in the manufacture of SweetBiotix in November 2025, achieving higher yields of a purer, more concentrated and better-tasting product with lower ingredient and production costs.