Major U.S. indices closed higher on Wednesday, with the Dow Jones Industrial Average gaining 0.36% to 50,644.28, the S&P 500 climbing 1.24% to 7,520.36 and the Nasdaq edging up 0.07% to 26,674.73.
These are the top stocks that gained the attention of retail traders and investors through the day.
Snowflake Inc. (NYSE:SNOW)
Snowflake’s stock dropped 1.32% to close at $175.26, with an intraday high of $179.10 and a low of $173.08. Its 52-week range is between $280.67 and $118.30. In the after-hours trading, the stock shot up 37.51% to $241.
Snowflake reported first-quarter fiscal 2027 revenue of $1.39 billion and adjusted earnings of 39 cents per share, both above analyst expectations. Revenue increased 33% year-over-year, while product revenue rose 34% to $1.33 billion and remaining performance obligations climbed 38% to $9.21 billion.
Snowflake projected second-quarter product revenue of $1.415 billion to $1.42 billion, representing approximately 30% year-over-year growth. The company also said it expects an adjusted operating margin of 12.5% for the second quarter and 13.5% for the full fiscal year.
Nebius Group (NASDAQ:NBIS)
Nebius saw a slight increase of 0.15%, closing at $208.37. The stock hit an intraday high of $209.64 and a low of $198.31, with a 52-week range of $233.73 to $34.72. The stock gained 12.11% to $233.60 in extended trading.
After market hours, Leopold Aschenbrenner’s Situational Awareness hedge fund disclosed a 5.6% stake in Nebius, owning approximately 12.41 million shares. Aschenbrenner, known for his AI insights, has significantly grown his fund’s assets under management.
Salesforce Inc. (NYSE:CRM)
Salesforce shares fell 0.88% to $177.51, with a high of $183.92 and a low of $176.89. The stock’s 52-week range is $278.81 to $163.52. The stock dropped 1.23% to $175.33 in the after-hours session.
Salesforce reported first-quarter fiscal 2027 revenue of $11.13 billion and adjusted earnings of $3.88 per share, both above analyst expectations. Revenue increased 13% year-over-year, while remaining performance obligations rose 11% to $67.9 billion. The company also generated $6.7 billion in operating cash flow and ended the quarter with $8.94 billion in cash and cash equivalents.
Salesforce raised its full-year adjusted earnings guidance to $14.06 to $14.12 per share from a prior range of $13.11 to $13.19 per share, while projecting fiscal 2027 revenue of $45.9 billion to $46.2 billion. The company also announced a $25 billion accelerated share repurchase program and said demand for agentic AI products continued to support growth.
Marvell Technology (NASDAQ:MRVL)
Marvell’s stock declined by 4.59%, closing at $198.70, with an intraday high of $218.26 and a low of $196.25. The 52-week range is $218.26 to $58.62. The stock declined 1.39% to $195.94 in after-hours trading.
Marvell Technology reported first-quarter fiscal 2027 revenue of $2.42 billion and adjusted earnings of 80 cents per share, both slightly above analyst expectations. Revenue increased 28% year-over-year, while non-GAAP gross margin reached 58.9%, supported by continued strength in the company’s data center business.
Marvell projected second-quarter revenue of approximately $2.7 billion at the midpoint, representing 35% year-over-year growth, and said AI-related bookings continued to accelerate. CEO Matt Murphy said the company significantly raised its revenue outlook for fiscal 2027 and fiscal 2028 due to strong demand tied to AI infrastructure.
Astrotech Corp. (NASDAQ:ASTC)
Astrotech’s stock skyrocketed by 459.11% to close at $13.81. It reached an intraday high of $19.75 and a low of $6.17, with a 52-week range of $19.75 to $1.92. The stock fell 5.43% to $13.06 in extended trading.
Astrotech Corporation shares moved higher after the company announced a strategic initiative focused on lunar resource development tied to NASA’s Artemis Program and the Commercial Lunar Payload Services program. The initiative will evaluate opportunities in lunar-based quantum computing infrastructure and autonomous industrial systems.
Benzinga Edge Stock Rankings indicate Snowflake stock has a Momentum score in the 13th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: MMD Creative on Shutterstock.com
Recent Comments