Stocks close at record highs, oil falls as ceasefire holds

Cancer diagnostics company and retail shareholder favorite Tempus AI reported better-than-expected Q1 adjusted EBITDA, earnings, and sales numbers late Tuesday, but the stock still slumped in the after-hours session.
The company reported:

• Q1 revenue of $348.1 million vs. FactSet’s expectation of $345.4 million.

• An adjusted loss per share of $0.13 vs. the $0.20 loss estimated.

• Adjusted EBITDA of -$2.83 million vs. expectations for -$4.95 million, per FactSet.

Since going public nearly two years ago, Tempus has been a volatile stock that has both doubled — and cratered — on multiple occasions. That spectacle has at times captured the attention of retail traders who’ve tried to ride the waves.

The surf has been bad lately, with the shares down about 8% so far this year, and roughly 50% from the record high on October 8, 2025.

Advanced Micro Devices is powering higher in postmarket trading after reporting Q1 results that exceeded expectations across the board along with Q2 sales guidance higher than what the Street had pencilled in.

In Q1, the Lisa Su-run company reported:

• Revenue: $10.2 billion (estimate: $9.9 billion, guidance for $9.5 billion to $10.1 billion)

• Adjusted earnings per share of $1.37 (estimate: $1.28)

For Q2, management projected sales in a range of $10.9 billion to $11.5 billion (estimate: $10.5 billion) with an adjusted gross margin of about 56% (estimate: 55.3%).

“Customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations and a growing pipeline of large-scale deployments providing us with increasing visibility into our growth trajectory."

Customer engagement for AMD’s AI chips and racks is “strengthening,” according to CEO and Chair Lisa Su, with “leading customer forecasts exceeding our initial expectations and a growing pipeline of large-scale deployments providing us with increasing visibility into our growth trajectory.”

The chip giant is not just the #2 in GPUs but also CPUs, which appear to be in shortage thanks to compute demands of AI agents.

AMD was up 80% from March 30 through Tuesday’s close, and its 250% gain over the past year has left Nvidia and Broadcom’s 70% and 110% rallies, respectively, in the dust.

Match Group is rising more than 4% in post-market trading Tuesday after reporting Q1 earnings that beat Wall Street's expectations. The dating-app conglomerate reported:

• Revenue of $864 million (compared to analyst estimates of $854.8 million, guidance for $850 to $860 million).

• Adjusted EBITDA of $343 million (estimate: $317.3 million, guidance for $315 to $320 million).

• Adjusted EPS of $0.68 (estimate: $0.61).

• Number of current paying users = 13.5 million (estimate: 13.6 million).

The company has been seeking to diversify its user base. “Winning women is critical to us,” Rascoff told the Financial Times, speaking about the app Tinder in April. “[Achieving] gender parity is very challenging, but we absolutely need to do a better job of driving outcomes for women."

Though Match doesn't disclose gender breakdowns, market intelligence platform Sensor Tower estimates that 75% of Tinders users are men.

Match also sees queer men as part of this effort to grow its user base. In April, the dating app company invested 100 million in Sniffies, a competitor to Grindr.

For Q2 2026, Match Group expects total revenue of $850 to $860 million, in line with analyst estimates of $856 million. 

Luxury EVmaker Lucid reported its first-quarter earnings after markets closed on Tuesday. Its shares fell more than 2% after hours, following a 6.5% drop at close.

For Q1, Lucid reported:

• An adjusted loss of $2.82 per share, compared to the $2.53 loss per share expected by Wall Street analysts polled by FactSet.

• $282.5 million in revenue, versus the $358.5 million consensus.

Last month, Lucid announced that it produced 5,500 vehicles in Q1 and reaffirmed its full-year production guidance of between 25,000 to 27000 vehicles.

The company also highlighted its upcoming midsize SUV, with “expected pricing starting under $50,000.” The vehicle is expected to launch before the end of the year and compete with Rivian’s R2 and Tesla’s Model Y.

Q1 marks the first earnings report for new CEO Silvio Napoli, who took over for interim CEO Marc Winterhoff (who’d led the company for more than a year following Peter Rawlinson’s exit). Lucid recently announced an expansion of its robotaxi partnership with Uber, which is now its second-largest shareholder after Saudi Arabia’s PIF sovereign wealth fund.

Lucid shares have had a long stretch of poor performance amid various dilutive events and a broader contraction across the EV industry. The stock is down about 80% from a recent high in July 2025 and down about 40% year-to-date. As of Tuesday afternoon, the company’s roughly $2.1 billion market cap is less than a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

Switch and router maker Arista Networks dove late Tuesday despite reporting beter-than-expected first-quarter revenue and earnings. The networking equipment and software maker reported:

• Adjusted earnings per share of $0.87 vs. Wall Street expectations for $0.81, according to FactSet.

• Sales of $2.71 billion vs. an expected $2.62 billion, per FactSet data.

• A non-GAAP Q2 gross margin, a measure of how profitable a company’s core products are to produce, of 62.4% vs. previous guidance of 62% to 63%.

• Guidance for Q2 sales of approximately $2.8 billion vs. the $2.46 billion expected on Wall Street.

Arista is a significant beneficiary of the AI buildout, with the shares rising roughly 150% over the last two years.