Quantumscape shares surged more than 20% in overnight trading as the company improved its profitability and revealed increased interest in its battery technology from sectors outside the auto industry.

United Rentals reported first quarter results that exceeded analyst expectations and raised its full-year outlook, sending shares up 14.4% in overnight trading as investors responded positively to the equipment rental giant’s performance.

Texas Instruments shares surged 10.5% in overnight trading after the chipmaker gave a surprisingly strong forecast, helped by booming spending on data centers and industrial equipment. Other chip stocks also rallied. STMicroelectronics and ON Semiconductor rose 5%; Intel rose 2%.

U.S. railroad operator CSX reported higher first-quarter profit and revenue, helped ‌by strong intermodal volumes and firm pricing, sending its shares up nearly 7% in overnight trading.

Health insurer Molina Healthcare beat Wall Street estimates for first-quarter adjusted profit, helped ​by favorable medical costs, sending its shares ‌up 2.6% in overnight trading.

U.S. chip-equipment maker Lam Research forecast fourth-quarter revenue above Wall Street expectations, as enterprises ramped up orders for its chipmaking tools used to manufacture advanced artificial intelligence semiconductors. Shares of the company rose more than 2% in overnight trading.

Southwest Airlines forecast second-quarter earnings below Wall Street expectations and declined to update its full-year outlook, as ​surging fuel costs and economic uncertainty weigh on the industry despite strong demand. Shares fell 2.4% in overnight trading.

Lululemon Athletica picked a former top Nike executive as ​its next chief executive as the athletic apparel retailer known for its stretchy yoga pants faces pressure from its founder and ‌a large activist investor to revive its struggling business, the company said on Wednesday. The shares dropped 4.4% in overnight trading.