Late Night Market Recap

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•  23 Apr 2026
 

$INTC Intel became the dominant after-hours catalyst, surging sharply following a major Q1 earnings beat and strong forward guidance. Revenue reached approximately $13.6B versus expectations near $12.4B, while EPS printed around $0.29 versus near breakeven estimates, driven by robust demand across data center and AI-related workloads. Management highlighted that AI-driven businesses now account for roughly 60% of revenue with 40% YoY growth, alongside accelerating Xeon server CPU demand and improving foundry execution. The market is repricing Intel from a turnaround narrative into a capacity-constrained growth story, with demand outpacing supply and guidance pointing to continued momentum into the second half.

$NOW ServiceNow reversed sharply lower after delivering inline earnings and solid subscription growth, but forward-looking commentary tied to Middle East instability and margin sensitivity triggered a repricing. The stock dropped -17.75% as investors shifted focus from backward-looking execution to macro-linked demand risk and AI-driven competitive pressure, reinforcing how quickly premium multiples unwind when visibility deteriorates.

$CMCSA Comcast traded higher, gaining 7.8% after beating on both EPS and revenue, supported by stronger advertising demand tied to major live events and resilient broadband performance. The print confirmed that legacy media assets can still generate operating leverage in peak cycles, with ad-driven upside offsetting structural concerns around cord-cutting and streaming competition.

$OKLO Oklo extended its momentum profile with a 5.56% move, continuing to track speculative flows into nuclear and next-generation energy themes. The stock remains driven less by near-term fundamentals and more by positioning into long-duration AI energy demand narratives, where capital is rotating toward infrastructure plays with asymmetric optionality.

$STM STMicroelectronics advanced 10.9% despite mixed earnings, as the market focused on forward guidance pointing to accelerating sales growth and AI-linked demand recovery. Revenue came in slightly ahead of expectations while margins disappointed, but the forward demand signal was sufficient to support multiple expansion in a sector increasingly trading on future capacity utilization.

$TXN Texas Instruments surged 19.45% following stronger-than-expected earnings and bullish guidance, reinforced by analyst upgrades tied to data center and industrial demand. The move reflects a clean reset higher in expectations, where improving end-market visibility and pricing discipline are driving institutional re-engagement across analog semiconductors.

$IBM declined -8.27% despite beating earnings, as slowing software growth and rising concerns around AI disruption weighed on sentiment. The reaction highlights a classic expectation gap, where the market is no longer rewarding beats without clear acceleration in high-margin segments, particularly as competitive pressure intensifies across enterprise software.

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