Match Group surges on Q2 revenue beat and better-than-expected sales outlook

Match Group rose 10% in after-hours trading after it reported revenue that beat analysts’ estimates and told Wall Street to expect more of the same in Q3.

The company, which owns dating apps including Tinder and Hinge, reported diluted earnings per share of $0.49, in line with analyst expectations. It reported revenue of $864 million, flat year over year but more than the $854.1 million analysts expected.

Match also said it expects third-quarter revenue to hit between $910 million and $920 million, which is higher than the $890.3 million analysts are currently penciling in. The company, which has said it plans to leverage AI to woo younger users, also announced it would spent $50 million in product development.

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Visa reports solid beat on earnings

Visa inched up in after-hours trading, as it reported quarterly numbers that outpaced expectations. The solid, but unspectacular, outperformance — it beat earnings-per-share estimates by a penny — is par for the course for a company that’s developed a reputation as a boring, but consistent, moneymaker seemingly indifferent to economic conditions.

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Seagate rises after posting better-than-expected earnings

Makers of the affordable data storage technology known as hard disk drives have become hot stocks amid the AI boom.

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Bloom Energy blossoms after reporting Q3 numbers

The market seems to like the better-than-expected news.

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Tech-fueled rally drives stocks to new records ahead of Fed rate decision and big earnings

The AI trade is back on as traders await tomorrow’s rate cut decision and megacap tech earnings on Wednesday and Thursday.

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Lucid plans to build a privately owned autonomous car with Nvidia tech

Shares of Lucid vaulted briefly on Tuesday afternoon following the company’s announcement that it will team up with Nvidia to bring Level 4 autonomous driving to its future vehicles.

A still unnamed midsized SUV by Lucid, planned for 2026, will feature lidar and radar provided by Nvidia’s ecosystem. Ultimately, the automaker said it aims to create the “first true eyes-off, hands-off, and mind-off (L4) consumer owned autonomous vehicle.” Level 4 autonomous vehicles, like Waymo’s robotaxis, operate without human intervention.

The Nvidia partnership will also bring new automated features to Lucid’s Gravity SUV, the luxury EV maker said. Its shares rose more than 6% before losing all those gains and dipping into the red.

Lucid and Nvidia’s announcements came along with a host of other new partnerships at the chip designer’s GPU Technology Conference in Washington, DC.

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