Nvidia Corporation (NVDA)
Stock in the beleaguered megacap AI chip maker Nvidia has taken another hit in after-hours trading following the news that the US government has restricted the exports of H20 chips to China. The market is a huge buyer of Nvidia products with the reduction leading to a $5.5 billion hit to the company’s bottom line.
Nvidia dropped over 6% in extended trading.
United Airlines Holdings, Inc (UAL)
United Airlines stock soared after beating Q1 revenue expectations in an early report for the major airline. Earnings estimates sit at $0.91 a share with the company declaring comfortable profit in a rocky sector as airlines have taken a hit during the start to the year. United have promised ‘aggressive’ investment in growth leading to a positive uptick in investor sentiment.
Shares popped 6.7% in after-hours trading.
Interactive Brokers Group, Inc (IBKR)
Shares in multinational brokerage firm Interactive Brokers sank in extended trading after the company missed earnings estimates in Q1 reports. The stock value dropped on after-hours open and continued to sink throughout the trading period, plunging 9.8%.
