Meta Platforms Inc. shares rose 2.1 percent in after-hours trading to $712.16, building on its 0.5 percent gain from the $697.52 close. Goldman Sachs analyst Mark Mahaney upgraded the stock to $760, citing accelerating ad revenue growth in Meta's Reels segment and improved monetization of its AI recommendation engine.
Tesla Inc. stock climbed 1.8 percent after hours to $393.44 from its $386.47 close on reports of robust demand for the Cybertruck. Production is reportedly ahead of schedule, with suppliers indicating increased component orders.
Lam Research Corp. shares increased 3.5 percent after hours to $780.25 from $754.00 after a key competitor faced delays in next-generation wafer fabrication equipment. The setback positions Lam to gain market share in the high-margin logic and foundry segments. Chipmakers continue to allocate substantial capital expenditure to advanced fabrication capacity. Lam's etching and deposition tools are direct beneficiaries of sustained demand for AI processors and memory infrastructure.
International Business Machines Corp. stock advanced 1.5 percent to $205.10, up from $202.07, after the company secured a significant multi-year cloud computing contract with a U.S. government agency. The deal strengthens IBM's hybrid cloud and AI services segment.
Nvidia Corp. closed at $221.97, up 2.5 percent, and remains the primary demand signal across the AI supply chain. Shifts in Nvidia's guidance or product roadmap have immediate effects on equipment providers like Lam Research and IBM.
