24H | Beyond Meat Soars 23%; Intuitive Surgical Surges 17%; Alphabet Gains 2%; Netflix Sinks 6%

Tiger Newspress
Oct 22

Beyond Meat shares jumped another 23% in overnight trading. Shares of Beyond Meat leaped more than 146% on Tuesday after the U.S. plant-based meat maker announced plans to expand distribution into Walmart stores.

Intuitive Surgical on Tuesday reported better-than-expected third-quarter profit and revenue, driven by growing demand for its surgical robots used in minimally invasive procedures. Shares of the Sunnyvale, California-based company surged 17% in overnight trading.

DraftKings has acquired a federally regulated trading venue, marking its most aggressive move yet into the contested world of prediction markets. The shares jumped 5% in overnight trading.

AI startup Anthropic is in talks with Google to secure additional computing power valued in the high tens of billions of dollars, Bloomberg News reported on Tuesday, citing people familiar with the matter. Alphabet's stock gained 2% in overnight trading.

Mattel missed Wall Street estimates for third-quarter revenue and profit on Tuesday, as retailers worried about an uncertain economic outlook delayed orders for "Barbie" and other toys, sending its shares down about 5% in overnight trading.

Netflix missed Wall Street's third-quarter earnings targets because of an unexpected expense from a dispute with Brazilian tax authorities while it offered a forecast a touch ahead of Wall Street projections for the rest of the year. The shares sank 6% in overnight trading.

Texas Instruments forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday, stoking fears of a long road ahead for a full recovery in the analog chip market due to murky tariff rules for the semiconductor industry. Shares of the chipmaker fell over 8% in overnight trading.

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