Nvidia Shares Drop 3% on Revenue Forecast

Nvidia's stock fell approximately 3% after the market closed, following a tepid revenue forecast and a lack of clarity regarding H20 chip sales to China. Despite CEO Jensen Huang's emphasis on AI demand potential, investor response was negative.

CrowdStrike's stock dropped over 4% after the closing bell due to weaker-than-expected revenue guidance for the upcoming quarter, despite achieving the second-highest quarter ever for annual recurring revenue (ARR).

Chinese chipmakers are expected to triple the total output of AI processors over the coming year, as they aim to increase competition with major U.S. companies.

Snowflake's stock surged over 13% in overnight trading after reporting a strong earnings beat, driven by a 32% year-over-year increase in product revenue, reflecting continued demand for data analytics services.

Ulta Beauty is set to report after the market closes, with investors seeking more clarity moving forward following management's previous comments on high economic uncertainty.