Roblox rallied in postmarket trading on Tuesday after unveiling its first-ever share repurchase program.

The somewhat controversial, but certainly popular, gaming company has put forth a plan for $3 billion in future stock buybacks, with the intention to back up to $1 billion over the next twelve months. The stock subsequently jumped 4% after-hours.

On Tuesday, Naveen Chopra, Chief Financial Officer of Roblox said:

“Investing in continued growth will always be our highest priority, but the strength of our balance sheet and free cash flow generation allows us to support industry leading innovation while simultaneously reducing dilution.”

As of Q1 2026, Roblox had $6.2 billion in total cash, cash equivalents, and investments (for a net $5.2 billion after subtracting their $1.0 billion dollars in debt). The company posted a consolidated net loss of $248 million in Q1.

While management has the cash on hand for a $3 billion buyback, their stock been taking hits recently — falling 28% over the past month (and 45% since the beginning of the year) as the company adjusts its safety standards. In April, the video game company slashed its full year guidance due to age-verification hurdles which have slowed growth.

Cava jumped 8% after the bell on Tuesday after the fast-casual Mediterranean restaurant chain was able to bring in more customers and drive up more revenue than expected in the first quarter, with management signaling that this momentum is poised to continue.

Here are the numbers:

• Q1 revenue of $434.4 million (compared to analyst estimates of $418.2 million).

• Q1 adjusted EBITDA of $61.7 million (estimate: $57.3 million).

• Full-year guidance for same-restaurant sales growth of 4.5% to 6.5%, up from its prior guidance of 3% to 5% and above estimates for 4.95%.

The company also posted traffic growth of 6.8% — blowing away salad competitor Sweetgreen’s traffic decrease of 11.2% in the first quarter.

“We’re creating a bit of a bridge in a K-shaped economy and becoming very accessible for the low-income cohorts,” CFO Tricia Tolivar told Restaurant Dive. “When we look at our restaurant stratified based on median household income, we’re seeing tremendous strength in the lower-income cohorts.”

The performance of these fast-casual establishments (or slop bowl chains) has been a way to keep an eye on our increasingly unequal economy. Interestingly, as especially younger consumers seem to be pulling back, at some of these restaurants, Cava continues to perform well.

AMC popped in postmarket trading after a filing showed CEO, Chairman, and President Adam Aron bought 250,000 shares on Tuesday.

With this $344,350 purchase, Aron now owns more than 2.4 million shares of the theater chain he runs. He’s one of the 20 largest holders, per data compiled by Bloomberg.

On Monday, two researchers announced they were leaving the nonprofit organization tasked with supporting the second-largest blockchain network, adding to a growing exodus from the Ethereum Foundation.

Carl Beek, who helped architect the early design of ethereum’s beacon chain, will end his seven-year tenure with the foundation at the end of the month, while research scientist Julian Ma, who focused on product and growth work, has also decided to leave after four years.

Beek and Ma deepen a recent bout of turnover. Last week, the foundation said in a blog post that lead developers Barnabé Monnot and Tim Beiko are moving on from the organization. In April, Josh Stark, who was on the Ethereum Foundation leadership team for five years, left, as did Trent Van Epps, who organized Protocol Guild, which provides funding to core developers. The string of departures has raised concerns among those in the ecosystem.

“There have been a lot of disagreements about where ETH should move, whether from an issuance or architectural standpoint,” Laurens Fraussen, a research analyst at data provider Kaiko, told Sherwood News. “I’d assume the people leaving are either looking for greener pastures or don’t agree with the way the EF is being run.”

The foundation exodus comes as investors exit from ethereum ETFs. The investment vehicles saw more than $86 million in outflows on Monday, making six straight days of outflows, the longest streak since March, according to SoSoValue.

Meanwhile, an address identified as Galaxy Digital has a $2.3 million short position on ethereum using 20x leverage on Hyperliquid, data from blockchain analytics firm Nansen shows. The price of ethereum stands just under $2,110 as of 12:10 p.m. ET. With an entry point of $2,203, the firm has an unrealized gain of $102,000.

Andrej Karpathy — a founding member of OpenAI, Tesla’s director of AI from 2017 to 2022, and the man responsible for the term “vibe coding” — is doing what many in tech are doing right now: heading to greener pastures at Anthropic.

Anthropic, which is slated to go public this year, recently raised money at a $950 billion valuation, making it more valuable than OpenAI and nearly as valuable as Tesla.

Nintendo shares are climbing on Tuesday, marking the company’s third straight session of gains — something it hasn’t done since early March. The Mario maker’s US-listed ADRs were up about 4% in Tuesday morning trading.

The return of the Switch 2 game bundle appears to have stoked investor optimism in the company’s console sales, while China’s accelerating memory production plans could alleviate some of Nintendo’s pain from the “RAMpocalypse.” For the better part of a year, memory prices have surged as AI demand hoovers up compute power. That’s squeezed video game console makers — and the broader consumer electronics industry.

Tracking the performance of Nintendo ADRs against memory giant Micron helps put this move in perspective. Nintendo is a big memory consumer, and not in the front of the line in terms of securing supply. Micron, obviously, benefits from its offerings being in high demand.

Tuesday’s price action is just a drop in the bucket, and comes as part of a recent stretch where the stock market’s high-flyers are having their wings clipped while beaten-up laggards rally.

In its first-quarter results on Monday, Chinese DRAM producer CXMT said it’s ramping up production and issued bullish guidance. The company is planning an IPO later this year, and it could be China’s biggest of the year.

For Nintendo, more global memory production could see rising costs start to deflate, improving margins in a vital year for its new console.

Snowflake shares jumped after Bank of America Securities analysts raised their price target for the cloud data warehousing company to $205 from $195, with a “buy” rating.

BofA analysts wrote that Snowflake will have a strong quarter because “the robust demand it was seeing heading into this year should continue unabated.” The report called the stock a “a share gainer in the attractive and growing AI business intelligence opportunity.”

Snowflake shares are down about 20% year to date. In November, shares hit a 52-week high of $280.67.

Standard Chartered is announcing a major “it’s not you, it’s me” corporate makeover with a 15% cut of its administrative roles (roughly 8,000 jobs) by 2030 in favor of automated systems.

“It is not cost-cutting, but it is replacing, in some cases, lower-value human capital with the financial capital and the investment capital that we are putting in,” said CEO Bill Winters.

Congratulations to Standard Chartered employees who survive this culling; obviously, your CEO thinks you’re at least medium-value human capital.

Defending the strategy at a press briefing in Hong Kong, Winters explicitly rejected framing the large layoffs as a standard budget-slashing initiative.

He noted that the bank does not view the transition as an unmitigated loss of staff, but rather “job role reductions in favor of the machines,” which will “accelerate as we go full-bore into AI.”

The operational downsizing aims to boost profitability and increase overall income per employee by 20% over the next two years.

The bank joins a long list of companies that have announced job cuts in concert with plans to lean more into AI. Per CNBC, the subsequent performance of these stocks varies significantly, with some up more than 40% and others down just as much, or worse.

Shares of Hyperliquid Strategies are soaring in early trading after Bloomberg reported that the Securities and Exchange Commission is slated to release an “innovation exemption” that formalizes rules around the trading of tokenized stocks.

In what Bloomberg dubbed a “surprise move,” the SEC is slated to permit tokenized stocks (crypto wrappers for traditional shares) even if the public companies don’t consent to their creation.

Hyperliquid Strategies is a digital asset treasury company that holds hype tokens and provides liquidity on the DeFi exchange Hyperliquid.

Tokenized securities offer faster settlement and expanded trading hours, though without the same market depth that typically prevails with traditional exchanges and with a higher potential for price fragmentation.

Per the report, which cites people familiar with the matter, these platforms would need to provide their third-party holders with voting rights and dividends in order to list these tokens. As such, the platforms would effectively be required to hold the underlying securities they’d be offering tokenized access to.

Home Depot reversed its initial gains following earnings after a spike in long-term bond yields overshadowed the retailer's solid Q1 results.

Key numbers:

• Revenue of $41.77 billion (estimate: $41.50 billion).

• Adjusted earnings per share of $3.43 (estimate: $3.42).

• Comparable-store sales of 0.6% (estimate: 0.9%).

Comparable sales came in below forecasts, while the company reaffirmed its full-year guidance, expecting annual sales to grow between 2.5% and 4.5%.

“Our first quarter results were in line with our expectations,” said Ted Decker, chair, president, and CEO. “The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure.”

While the company has served neighborhood handymen for decades, its recent growth is also partially charged by its finalized acquisition of Mingledorff’s, a premier wholesale HVAC distributor operating 42 commercial locations across the southeastern United States. Home Depot said the transaction gave it access to high-volume commercial mechanics and residential trade contractors, expanding its total addressable market to $1.2 trillion.

The company is also using machine learning to automate parts of commercial building work that have traditionally been manual. One example is its Material List Builder AI, which lets contractors upload architectural blueprints or dictate voice notes from a jobsite to generate materials lists.

Investors are continuing to track whether strategic pricing changes and distribution scale can help the business maintain its full-year gross margin target of 33.1%.

ServiceNow is up 4% in early trading on Tuesday, after Bank of America analysts reinstated coverage of the stock with a “buy” rating and a $130 price objective.

Now seeing the company as an “AI beneficiary given its entrenched workflow position,” Bank of America analysts led by Tal Liani wrote that “AI increases the need for governance, positioning ServiceNow at the center of workflow orchestration and control.” Replacing NOW with new AI tools, which has been the primary concern for many investors who have dumped the stock this year (the company’s earnings being the latest example), will be “costly and complex,” considering the company’s “deeply embedded mission-critical position” within existing enterprise workflows, according to BofA’s analysts.

The threat of AI agents, which can autonomously do tasks once set up, might actually lead to more demand for ServiceNow’s products, with Liani writing that agentic AI deployments “would elevate the need for orchestration, permissions, approvals, policy enforcement and auditability, aligning directly with ServiceNow’s core capabilities and making it the orchestration layer in an AI-driven cycle.”

The team also highlighted how ServiceNow’s recent initiatives would benefit from AI, rather than being threatened:

“...we see the company capturing incremental value as AI adoption scales: AI Control Tower defines the strategic role; Action Fabric provides the connective layer into workflows; hybrid pricing creates the monetization model; and the Armis/Veza acquisitions strengthen the security and identity context.”

That’s a much-needed vote of confidence for NOW, which has seen its shares drop more than 40% in 2026 until the past week’s uptick. Other software peers like Workday, Atlassian, HubSpot, and Intuit are also in the green before the bell on Tuesday.