24H | Apple Rises 2%; Roku up 8%; Reddit Jumps 12%; Twilio Surges 17%; SanDisk Drops 3%; Western Digital down 6%; Roblox down 20%

Tiger Newspress
1 hour ago

Apple ​on Thursday touted blowout demand for its flagship iPhone 17 and the MacBook Neo that helped power a solid sales forecast and sent its shares ‌up nearly 2% in overnight trading.

Apple, though, warned of continuing chip supply constraints, and the forecast underscored how it was fending off supply-chain pressures and rising memory chip costs with strong demand for its new Mac Neo, resilient services growth and robust sales in China.

SanDisk Corp. forecast quarterly revenue above estimates on Thursday, joining peers Western Digital and Seagate in signaling that enterprise spending on data storage ​products used in artificial intelligence data centers remains strong.

Sandisk shares, ‌which have risen about 350% this year, fell over 3% in overnight trading, following a sharp AI-driven rally in storage stocks earlier this week sparked by Seagate’s strong ​forecast. Western Digital, whose shares have more than doubled this year, ​also slipped nearly 6% in overnight trading even as it forecast quarterly revenue ⁠above estimates.

Twilio raised its full-year forecast on Thursday and posted stronger-than-expected first-quarter results, signaling sustained demand ​for its cloud communications tools as companies invest ‌in customer engagement and AI-driven services.

The company's shares surged 17% in overnight trading.

Roblox Corporation cut its annual bookings forecast on Thursday, signaling that new ​safety initiatives may impact user growth and spending on its ‌popular videogame platform, sending its shares down over 20% in overnight trading.

The company expects fiscal 2026 bookings of $7.33 billion to $7.6 billion, lower than its earlier forecast of $8.28 billion ​to $8.55 billion.

Reddit forecast second-quarter revenue above analysts' estimates ‌on Thursday betting on its AI-powered tools to boost advertising on the platform and sending its shares up 12% in overnight trading.

The social media company offers AI-focused features that allow advertisers to target users based ​on interests and communities within subreddit discussion threads.

Roku Inc raised its annual platform revenue forecast on Thursday, signaling confidence that ​advertisers will continue to spend on its streaming ‌platform, sending its shares up 8% in extended trading.

Roku is benefiting from the rise of streaming media, as more households make connected ​TV (CTV) devices their primary viewing platform.

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