24H｜Astera Labs Soars 17%; Upstart and Rivian Dip 4%; AMD Falls 6%; Snap Drops 15%; Super Micro Tanks 17%; Opendoor Plunges 23%

Astera Labs, a leader in semiconductor-based connectivity solutions for AI infrastructure, saw its shares surge 16.6% in overnight trading after reporting second-quarter earnings that significantly exceeded analyst expectations and issuing strong forward guidance.

Centrus reported second quarter earnings that significantly exceeded analyst expectations, driving shares up 9.1% in overnight trading as investors cheered the nuclear fuel company’s strong performance.

Tinder-parent Match second-quarter revenue surpassed Wall Street expectations, buoyed by strong performance at Hinge and a renewed strategic focus under new CEO Spencer Rascoff. Shares of the company rose about 9% in overnight trading.

Apple supplier Skyworks Solutions forecast fourth-quarter revenue and profit above Wall Street expectations, benefiting from steady demand for its analog chips amid economic uncertainty, sending its shares up 5.7% in overnight trading.

Upstart reported a significant earnings miss for the second quarter despite strong revenue growth, sending shares falling 3.9% in overnight trading as investors focused on the company’s profitability challenges.

Rivian walked back a key financial goal and warned of mounting losses as President Donald Trump’s tariffs and changes to US environmental rules squeeze the electric-vehicle maker’s bottom line. The shares dropped 4.4% in overnight trading.

AMD reported disappointing data center revenue, a segment which includes lucrative artificial intelligence chips that investors are betting on for rapid growth. Shares of the Santa Clara, California-based company slumped 6.5% in overnight trading.

Lucid lowered its annual production forecast and missed Wall Street estimates for quarterly revenue, at a time when U.S. trade tensions have cast a dark cloud over some automakers as consumers rein in big spending budgets. Shares of the company dropped 7.9% in overnight trading.

Clover Health reported its second-quarter 2025 earnings, showing a revenue beat but a dip 9.5% in overnight trading.

Arteris shares sank 12% in overnight trading after its earnings and guidance missed, revenue topped estimates. The company surged 37.6% on Tuesday after the semiconductor system IP provider announced that AMD has licensed its FlexGen network-on-chip (NoC) interconnect IP for next-generation AI chiplet designs.

Snap reported second-quarter sales that were shy of Wall Street’s average estimates as the company, owner of the Snapchat photo-sharing app, dealt with a technical issue with its ad-buying tools that slowed revenue growth. The company’s shares tumbled 14.6% in overnight trading.

Super Micro Computer shares slid 16.8% in overnight trading after the server maker reported disappointing fiscal fourth-quarter results and issued weak quarterly earnings guidance.

Opendoor Technologies shares slid 23.4% in overnight trading -- paring its recent retail frenzy-driven rally -- after issuing below-consensus guidance for third-quarter revenue, contribution profit and adjusted EBITDA. On top of that, Q2 earnings came in slightly worse than expected.