After-Hours Market Movers
NVIDIA (NASDAQ:) declined 1.4% following a Bloomberg report that President Biden plans to impose further restrictions on AI chip exports before leaving office.
Costco (NASDAQ:) rose 1.7% after reporting net sales of $27.52 billion for the retail month of December, a 9.9% increase from last year.
Penguin Solutions (PENG) jumped 7.5% after beating estimates on both the top and bottom lines in its first quarter.
Avadel Pharma (AVDL) fell 18% after issuing guidance that disappointed investors. The company expects 2025 net product revenue to range from $240 to $260 million, a 50% increase from 2024.
Globus Medical (NYSE:) rose 2% after reporting preliminary fourth quarter sales that exceeded consensus estimates.