Intel said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue and profit below market estimates, sending shares down 11.3% in overnight trading.
Capital One stock dipped 3% in overnight trading. The bank announced on Thursday that it agreed to acquire startup Brex for $5.15 billion, in a deal consisting of 50% cash and 50% stock. Separately, fourth quarter adjusted earnings came up short against analysts’ estimates, landing at $3.86 per share. The LSEG consensus called for $4.11 per share.
Clorox said on Thursday it would buy privately held skin health and hygiene solutions firm GOJO Industries for $2.25 billion in cash, as the Pine Sol maker looks to expand its position in health and hygiene segments. Clorox shares dropped 2.9% in overnight trading.
Alcoa stock rose 1.3% following better-than-expected fourth-quarter earnings.
Music and podcast streaming giant Spotify Technology rose 1.8% in overnight trading after Goldman Sachs upgraded the stock to buy from neutral late Thursday.
Intuitive Surgical on Thursday beat Wall Street estimates for fourth-quarter profit and revenue on growing demand for its surgical robots used in minimally invasive procedures. Shares of the Sunnyvale, California-based company rose 2.7% in overnight trading.
Silver, gold ETFs and stocks gained in overnight trading. ProShares Ultra Silver rose 6%; Hycroft Mining rose 5%; First Majestic Silver and Coeur Mining rose 4%; Gold Fields, Hecla Mining, Fortuna Silver Mines, iShares Silver Trust, Pan American Silver, and Endeavour Silver rose 3%; ProShares Ultra Gold rose 2%.
Life360 shares rocketed 26.7% in overnight trading after the app developer upgraded its FY25 revenue and earnings guidance.
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