Nvidia’s sales skyrocketed, surpassing expectations set by investors. Chief Executive Jensen Huang states that artificial intelligence has reached a critical turning point, experiencing a surge in demand across various sectors. The company’s shares saw an increase of 7.5%, reaching $725.01 after-hours.
Royal Caribbean’s Positive Outlook Royal Caribbean announced a boosted outlook for the year following strong bookings during the off-season period. The cruise operator remains optimistic about the demand and pricing trends in 2024. Consequently, shares rose by 6.2% to $122 after-hours.
Rivian’s Production Forecast Rivian anticipates stagnant vehicle production in 2024 compared to the previous year due to challenging macroeconomic conditions. The company specifically cited the impact of historically high interest rates and announced a reduction of approximately 10% in its salaried workforce. Consequently, shares decreased by 16% to $12.93 in after-hours trading.
Enerplus and Chord Energy Merger Enerplus and Chord Energy disclosed their intentions to merge, forming an $11 billion oil and gas entity. As part of the deal, Enerplus shareholders will receive about one-tenth of a Chord share and $1.84 in cash. Enerplus shares experienced a 9.4% increase after-hours, reaching $17.97, while Chord shares saw a modest 2.1% rise.
BuzzFeed’s Strategic Move BuzzFeed announced the sale of its Complex business to NTWRK for $108.6 million in cash, alongside a workforce reduction of approximately 16%. The company expressed that this divestiture and restructuring plan aims to enhance profitability. Consequently, shares nearly doubled to 43 cents in after-hours trading.