After-Hours Stock Movers:
NVIDIA (NASDAQ:NVDA) shares declined 2.3% despite reporting third quarter results and guidance that topped consensus estimates. The company’s CEO Jensen Huang said the age of AI is in “full steam,” and demand for Hopper and anticipation for Blackwell are “incredible.”
Snowflake (NYSE:SNOW) rose 18% after it reported strong third quarter results and guidance. Separately, Snowflake and Anthropic sign a multi-year strategic partnership to deliver Anthropic’s industry-leading Claude models to customers in Snowflake Cortex AI.
Palo Alto Networks (NASDAQ:PANW) fell 5% despite beating estimates for first quarter EPS and revenue, after it issued guidance that was lackluster. Palo Alto Networks also announced that its board of directors has approved a two-for-one forward stock split of the company’s outstanding shares of common stock.
Jack in the Box (NASDAQ:JACK) fell 5% after revenue for its final quarter of the year missed consensus. Same-store sales decreased 2.1% in the fourth quarter of 2024, comprised of a decrease in company-operated same-store sales of 2.2% and a decrease in franchise same-store sales of 2.0%.