After-Hours Stock Movers:
NVIDIA (NASDAQ:NVDA) fell 2.1%, extending an intraday slump of 9.5% that erased $279 billion in market value. The afterhours decline was tied in part to a report from Bloomberg that the DOJ sent subpoenas to the company as part of an escalating antitrust probe. Weakness during the regular session was tied to softening optimism about AI.
Zscaler (NASDAQ:ZS) fell 7% after it issued full year 2025 EPS guidance that trailed estimates.
PagerDuty (NYSE:PD) fell 13% after it lowered full year revenue guidance. For the full fiscal year 2025, it expects total revenue of $463 million to $467 million (down from $471 million - $477 million).
GitLab (GTLB) rose 11% after it beat EPS and revenue estimates and raised guidance. Management is confident in its ability to continue to exceed customer expectations and in the opportunity it has with AI.
Asana (ASAN) fell 12% after it announced the departure of its CFO, and along with earnings and worse than expected full year guidance.