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Several major companies saw significant after-hours stock moves following their latest quarterly results. Alphabet shares fell more than 4% after the company raised its 2026 capital expenditures forecast to a range of $195 billion to $205 billion, citing artificial intelligence demand, even as second-quarter revenue of $119.8 billion topped expectations. Tesla dropped 3% after adjusted earnings of 33 cents per share missed estimates by 18 cents, despite revenue of $28.24 billion beating forecasts. IBM rose about 2% even though adjusted earnings of $2.93 per share and revenue of $17.16 billion both slightly missed consensus. ServiceNow gained more than 2% after beating estimates with adjusted earnings of 90 cents per share on revenue of $3.99 billion and raising its full-year subscription revenue outlook. Las Vegas Sands lost 6% after adjusted earnings of 59 cents per share and revenue of $3.15 billion fell short of expectations. United Rentals surged 10% after posting adjusted earnings of $12.76 per share on revenue of $4.41 billion, surpassing estimates, and hiking its full-year revenue guidance to a range of $17.5 billion to $17.8 billion. Medpace Holdings soared about 19% after beating second-quarter estimates and raising full-year guidance. Other notable movers included Rollins, which dropped about 10% on weaker-than-expected results, and Shutterstock, which fell 10% after suspending its quarterly dividend.

Meta Platforms surged 11% after confirming it is building a new cloud business to sell excess artificial intelligence computing power to outside customers. General Mills jumped more than 6% after posting fourth-quarter adjusted earnings of 95 cents a share on revenue of $4.61 billion, topping estimates, and announcing plans for $3 billion in cumulative cost savings through fiscal 2030. Progress Software rallied over 18% on better-than-expected second-quarter results and strong guidance. Datadog gained more than 2% after disclosing the acquisition of AI startup Adaptive ML. Nike rose more than 4% despite a 12% drop in China sales, as quarterly results beat expectations. Shutterstock tumbled nearly 30% and Getty Images fell 6% after Getty called off their proposed merger due to UK regulatory demands. Alcoa dropped 9% on a $4.1 billion deal to acquire South32's bauxite, alumina, and aluminum portfolio. Salesforce and ServiceNow rose after Guggenheim upgraded both to buy, with ServiceNow up over 6% and Salesforce up 5%. Bloom Energy added more than 2% on an expanded partnership with Brookfield to finance AI infrastructure power. Sandisk and Micron Technology fell sharply, with Sandisk down 9% and Micron off about 8%, after both more than tripled in the prior quarter.

Shutterstock shares plunged nearly 30% after the company and Getty Images called off their $3.7 billion merger due to regulatory roadblocks. Getty said the U.K.'s Competition and Markets Authority would have required it to sell Shutterstock's editorial division to approve the deal, a step Getty's board was not willing to take. Shutterstock shares closed at $9.90, their lowest since their 2012 debut, while Getty shares dropped more than 10% to 77 cents. The companies had announced the merger in January 2025 as a merger of equals, aiming to invest more in 3D imagery and generative AI tools, but both stocks have lost around 70% of their value since then amid concerns over AI image creation tools. Getty also said it will retain a financial advisor to explore strategic financing alternatives.

U.S. stock futures pointed lower on Wednesday as investors awaited remarks from Federal Reserve Chair Kevin Warsh and monitored peace talks between the United States and Iran. Shutterstock shares plunged 28% after Getty Images abandoned its planned merger, citing unacceptable regulatory conditions from the U.K.'s Competition and Markets Authority. Intuitive Machines climbed 7.4% after NASA awarded it a contract worth up to $148.3 million to deliver a Nova-C lunar lander by 2028, the company's sixth task order under the Commercial Lunar Payload Services program. Grindr surged 7.6% after Morgan Stanley upgraded the LGBTQ+ dating platform to Overweight and raised its price target to $18, citing strong user engagement. Klarna Group gained 6% after a Swedish court awarded its subsidiary PriceRunner approximately $1.97 billion in antitrust damages against Alphabet's Google. Oklo advanced 4.8% after the U.S. Department of Energy approved the Documented Safety Analysis for the Groves Isotope Test Reactor, moving it into final pre-startup review ahead of a July 2026 startup. ServiceNow rose 4% after Guggenheim upgraded the enterprise software company to Buy, citing durable recurring revenue growth. Nike fell nearly 4% after forecasting continued sales declines in the first half of fiscal 2027, overshadowing better-than-expected fourth-quarter revenue. Alcoa slipped 4.7% after agreeing to acquire South32's bauxite, alumina and aluminum assets for $4.1 billion.

Nike fell more than 3% premarket after reporting a 12% sales decline in Greater China, despite beating earnings and revenue estimates for its fiscal fourth quarter. Constellation Brands rose about 1.5% after posting first-quarter earnings of $3.43 per share, above the $3.20 consensus, with revenue also topping expectations and full-year guidance roughly in line. Shutterstock plunged more than 30% and Getty Images dropped 4% after Getty called off their proposed merger due to demands from a U.K. regulator. Alcoa declined 4% after announcing a $4.1 billion deal to acquire South32's bauxite, alumina and aluminum portfolio. ServiceNow gained more than 5% and Salesforce nearly 4% after Guggenheim upgraded both to buy, citing attractive valuations and dismissing AI as a threat. Bloom Energy jumped over 7.5% on an expanded partnership with Brookfield to finance power for AI infrastructure projects. Kroger slipped 2% after agreeing to acquire Giant Eagle for $1.65 billion. Sandisk tumbled 3.5% and Micron Technology fell about 2.5% on the first trading day of the third quarter, following more than tripling in the prior quarter.

U.S. stock index futures slipped on Wednesday, kicking off the second half of 2026 cautiously amid fresh doubts over peace in the Middle East, while investors awaited commentary from Federal Reserve Chair Kevin Warsh. Tehran said it would not meet with top U.S. envoys who flew to the region following an outbreak of hostilities, suggesting that a breakthrough in peace negotiations was not imminent. At 5:20 a.m. ET, Dow E-minis were down 137 points, or 0.26%, S&P 500 E-minis fell 22.5 points, or 0.3%, and Nasdaq 100 E-minis slipped 166.25 points, or 0.54%. Investors are also worried that the Federal Reserve may need to hike rates and keep them elevated to keep inflation under control, with traders expecting at least one rate increase by year-end according to LSEG data. Data released on Tuesday showed U.S. job openings edged up to a two-year high in May, indicating a stable labor market that could give the Fed more room to focus on prices. Major stock movers in the premarket session included Nike, which fell 3.5% after signaling its turnaround strategy still faces obstacles, and Shutterstock, which dropped 28.3% after calling off its planned merger with Getty Images.

Consumer internet stocks reported a satisfactory first quarter, with aggregate revenues beating analyst consensus estimates by 1.2% while next-quarter revenue guidance came in 0.6% below expectations. Airbnb posted revenue of $2.68 billion, up 17.9% year on year and exceeding estimates by 2.2%, alongside an impressive EBITDA beat and above-consensus revenue guidance. Sea delivered the strongest performance among peers, with revenue of $7.33 billion, up 43.2% year on year and topping estimates by 10.1%, driven by solid user growth to 72.6 million. Shutterstock was the weakest, with revenue of $199.2 million, down 17.9% year on year and missing estimates by 10.1%, accompanied by a significant EBITDA miss. Revolve reported revenue of $342.9 million, up 15.6% year on year and beating estimates by 4.2%, while Etsy posted revenue of $631.3 million, up 3.1% year on year and exceeding estimates by 2.4%. On average, share prices across the 46 tracked consumer internet stocks have declined 3.2% since the latest earnings results.

StockStory identifies AppLovin as a profitable stock to own for decades, while recommending investors avoid Shutterstock and NOV. AppLovin, which provides AI-powered advertising and analytics tools for mobile app developers, boasts a trailing 12-month GAAP operating margin of 77.1%, annual revenue growth of 30.4% over the last two years, and a robust free cash flow margin of 71.9%. In contrast, Shutterstock faces an estimated 19% sales decline and an 87.9% annual drop in average revenue per request, with earnings per share falling 6.3% annually over three years despite revenue growth. NOV, a manufacturer of oilfield equipment, has seen sales decline 3.3% annually over the past decade, with a gross margin of 20.3% and a low free cash flow margin of 3.4%.

The 12 online marketplace stocks tracked by StockStory reported a satisfactory first quarter, with aggregate revenues beating analysts' consensus estimates by 1.8% and next-quarter revenue guidance coming in 0.5% above expectations. eBay posted revenues of $3.09 billion, up 19.5% year on year and exceeding estimates by 1.7%, though its EPS guidance slightly missed. Sea delivered the strongest performance, with revenues of $7.33 billion, a 43.2% increase that beat estimates by 10.1%, while Shutterstock was the weakest, with revenues of $199.2 million, down 17.9% and missing estimates by 10.1%. MercadoLibre recorded the fastest revenue growth among peers at 49% to $8.85 billion, and Teladoc reported revenues of $613.8 million, down 2.5% but beating estimates by 0.5%. Share prices of the group have held steady, up 3.1% on average since the latest earnings results.