24H | Nextracker Soars 13%; Beyond Meat Rallies 9%; Intel Surges 8%; Quantum Stocks Jump Again; Ford Gains 2%

Tiger Newspress
10/24

Nextracker shares jumped 12.9% in overnight trading after the solar technology platform provider reported second-quarter fiscal 2026 earnings that nearly doubled analyst expectations and raised its full-year outlook amid robust global demand.

Beyond Meat shares rebounded 9.2% in overnight trading. Short interest in shares of the plant-based meat seller surged more than 100% of its publicly available shares, Ortex data showed on Thursday.

Intel beat expectations for September-quarter profit as CEO Lip-Bu Tan's drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company. The shares jumped 8.2% in overnight trading.

Some Quantum computing stocks jumped agian in overnight trading although Trump official said no talks over equity stakes. D-Wave Quantum rose 7%; Quantum Computing and Sealsq rose 3%; IonQ and Rigetti Computing rose 2%.

Strong sales propelled Ford Motor’s revenue and operating income well past Wall Street estimates in the third quarter. The shares gained 2.4% in overnight trading.

Banks are preparing to launch a $38 billion debt offering as soon as Monday that will help fund data centers tied to Oracle in what would be the largest such deal for artificial intelligence infrastructure to come to market, according to people with knowledge of the matter, Bloomberg reported. Oracle shares rose 1% in overnight trading.

Anthropic is expanding its deal with Google to use as many as one million of the tech giant's artificial intelligence chips, worth tens of billions of dollars, as the startup races to advance its AI systems in the competitive market. Alphabet shares rose 0.8% in overnight trading.

Newmont beat third-quarter profit estimates on Thursday, as record-high gold prices helped offset its weaker production, but warned that fourth-quarter free cash flow would take a hit due to higher spending. The shares sank 5.7% in overnight trading.

Deckers Outdoor forecast full-year sales below Wall Street estimates on Thursday and warned that tariffs would further hurt demand for its Hoka sneakers and UGG boots in the U.S., sending its shares tumbling 11.7% in overnight trading.

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