U.S. markets ended mixed on Tuesday, with several AI-related stocks facing pressure after the closing bell. The Dow Jones Industrial Average rose slightly by 0.02% to 44,922.27. Meanwhile, the S&P 500 fell 0.6% to 6,411.37, and the NASDAQ dropped nearly 1.5% to 21,314.95, led by weakness in technology shares.
Corporate Restructuring Weighs on Oracle
Oracle Corp (NYSE:ORCL) dropped 5.80% to $234.62 during regular trading, with after-hours losses extending to 0.61%. The enterprise software giant is undergoing significant corporate restructuring, including the departure of chief security officer Mary Ann Davidson, a decades-long key figure in Oracle’s security operations.
Semiconductor Competition Intensifies
Advanced Micro Devices Inc (NASDAQ:AMD) declined 5.44% to $166.55, followed by an additional 1.31% drop in after-hours trading to $164.36. The stock traded between $166.10 and $173.17 during the regular session, as competition in the chip market heats up, with rivals like Arm Holdings (NASDAQ:ARM) also taking steps to grow their global presence.
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NVIDIA Corp (NASDAQ:NVDA) fell 3.50% to $175.64, declining an additional 0.34% after-hours to $175.04. The AI chip leader is developing a new B30A processor to maintain Chinese market share amid U.S. export restrictions.
AI Partnership Expansion Fails to Lift Palantir
Intel Corp (NASDAQ:INTC) bucked the trend, rising 6.97% to $25.31 after SoftBank announced a $2 billion investment at $23 per share. The deal aims to accelerate advanced semiconductor manufacturing and AI infrastructure development in the U.S.
Palantir Technologies Inc (NASDAQ:PLTR) suffered the steepest decline, falling 9.35% to $157.75 despite expanding its partnership with Fujitsu Ltd. The deal grants Fujitsu rights to offer Palantir’s AI Platform in Japan, integrating generative AI into Fujitsu’s Uvance framework.
| Company | Ticker | Regular Session Change | After-Hours Change | Current Price |
|---|---|---|---|---|
| Palantir Technologies | NASDAQ: PLTR | -9.35% ($157.75) | -2.69% | $153.50 |
| Oracle Corp | NYSE: ORCL | -5.80% ($234.62) | -0.61% | $233.20 |
| AMD | NASDAQ: AMD | -5.44% ($166.55) | -1.31% | $164.36 |
| NVIDIA Corp | NASDAQ: NVDA | -3.50% ($175.64) | -0.34% | $175.04 |
| Intel Corp | NASDAQ: INTC | +6.97% ($25.31) | -1.15% | $25.02 |
Benzinga’s Edge Stock Rankings indicate that Palantir has a positive price trend across all time frames. Here is how the stock fares of other AI players.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
