After-hours movers: Applied Materials, Rumble

After-hours movers:

Applied Materials (NASDAQ: AMAT) fell 3% after its disclosure that new U.S. export restrictions will significantly impact its revenue. Applied Materials estimates the new restrictions will reduce its net revenue for the fourth quarter of fiscal 2025 by approximately $110 million. The impact is expected to be more substantial in fiscal 2026, with the company projecting a revenue reduction of approximately $600 million.

Rumble (NASDAQ: RUM) rose 14% after announced a strategic partnership with Perplexity, the AI-powered answer engine. The collaboration is expected to drive improved video discovery on Rumble by leveraging Perplexity AI tools.

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