Alphabet shares rose about 7% in overnight trading. Strong AI demand helped power Alphabet's financial results, as both the core advertising and cloud computing businesses of the Google parent beat revenue expectations.

The company reported total revenue of $102.35 billion for the quarter, compared with analysts' average estimate of $99.89 billion.

Google Cloud's 34% revenue growth helped it to remain as one of Alphabet's fastest-growing segments as it benefitted from surging enterprise demand for AI-powered infrastructure and data analytics services.

Shares of Align Technology surged 14% on Wednesday following the release of its impressive third-quarter earnings report and raised guidance. The maker of Invisalign clear aligners reported adjusted earnings per share of $2.61, significantly beating the analyst consensus estimate of $2.40, and revenue of $995.7 million, surpassing expectations of $976.3 million.

ServiceNow raised its annual subscription revenue forecast on Wednesday, driven by growing demand for its artificial intelligence powered software solutions.

Enterprise clients turn to AI-powered software offered by companies such as ServiceNow and Salesforce to manage their IT services and automate certain business operations in a bid to save resources. Santa Clara, California-based ServiceNow's shares rose 4% in overnight trading.

Meta forecast "notably larger" capital expenses next year thanks to investments in AI, and recorded a nearly $16 billion one-time charge related to U.S. President Donald Trump's 'Big Beautiful Bill' that pummeled its third-quarter profit.

Shares of the company fell 6.6% in overnight trading. Excluding the charge, Meta's third-quarter net income would have increased to $18.64 billion, compared to the reported net income of $2.71 billion.

Microsoft's spending on artificial intelligence infrastructure soared to a record of nearly $35 billion in the September quarter, deepening investor concerns about the mounting costs of sustaining the AI boom. Shares of the company were down 3.7% in overnight trading.

Carvana beat third-quarter earnings expectations on strong sales momentum, notching records for revenue and number of cars sold in the period. Shares of Carvana were down 9% in overnight trading following the release.

Chipotle Mexican Grill on Wednesday cut annual sales forecast for the third time this year, warning that consumer spending on dining out is likely to remain under pressure through early 2026, sending its shares down 17% after the bell.