Snowflake rose 24% in premarket trading. The company delivered stronger-than-expected Q2 results and raised full-year guidance, while reiterating a path to GAAP profitability in fiscal 2028.
ServiceNow rose nearly 3%. The stock rebounded after two sessions as the company expanded AI partnerships and secured fresh analyst upgrades.
Broadcom fell 1.5%. The company beat expectations and highlighted AI accelerator shipments for key customers, while forecasting Q4 consolidated gross margin around 73%.
Ciena rose 1.65%. The move followed a filing disclosing CEO Gary Smith’s sale of 2,952 shares.
NetApp fell over 8%. Shares retreated despite an earnings beat, with profit-taking cited amid elevated expectations.
Hewlett Packard Enterprise fell about 6%. Strong Q3 results and raised guidance were overshadowed by supply bottlenecks and potential dilution from Oracle-related warrants.