Biggest movers in after-hours trading: NVDA, SNOW, VFC

Welcome to Extreme Investor Network, where we bring you the latest news and updates on the stock market. Today, we will be discussing some of the top companies making headlines after the bell.

Nvidia, the chipmaker, saw a 4% increase in its stock price after announcing a 10-for-1 stock split. The company also exceeded Wall Street’s fiscal first-quarter expectations and provided strong guidance for the current quarter. This news also caused related stocks in the artificial intelligence sector, such as Super Micro Computer and Advanced Micro Devices, to trade higher.

Snowflake, a cloud-computing company, surged over 5% after reporting fiscal first-quarter revenue that surpassed analyst expectations. However, its adjusted earnings fell short of consensus forecasts.

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On the other hand, VF Corp., an apparel and footwear company, experienced a 9% decline after posting an unexpected loss for the recent quarter and missing revenue estimates. Similarly, E.l.f. Beauty saw a 2% drop in its stock price after providing weaker full-year guidance than expected.

Synopsys, an electronic design automation stock, slipped more than 1% as it failed to meet Wall Street’s estimates in the fiscal second quarter. LiveRamp Holdings, an advertising technology company, on the other hand, soared nearly 12% on strong fiscal fourth-quarter results and optimistic guidance.

In other news, DuPont de Nemours announced a plan to divide into three separate businesses, with CEO Ed Breen stepping down and Lori Koch taking over as Chief Financial Officer.

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