Ford Soars 10% on Earnings Beat, AI Deals Drive Tech Gains

by Natalie Brooks • 4 min read

Automotive and Tech Lead Market Movers

Ford Motor delivered one of the day’s standout performances, surging 10.7% after the Detroit automaker reportedly crushed third-quarter expectations. According to LSEG data cited in reports, Ford posted adjusted earnings of 45 cents per share, significantly above the 36 cents analysts had anticipated. The company’s revenue came in at $47.19 billion—a solid beat compared to the $43.08 billion consensus estimate that had Wall Street watching closely.

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Meanwhile in tech, Alphabet shares gained 2.5% following news of a major artificial intelligence partnership. The Google parent company and AI firm Anthropic officially announced what sources described as a cloud partnership worth tens of billions of dollars. The arrangement reportedly gives Anthropic access to up to one million of Google‘s custom-designed Tensor Processing Units, marking one of the largest AI infrastructure deals to date.

Chip Stocks Show Mixed Performance

The semiconductor sector saw interesting divergence as Intel initially ticked higher before surrendering gains. Reports indicated the chipmaker beat revenue expectations as demand for its core x86 processors for PCs showed signs of recovery. Meanwhile, Advanced Micro Devices jumped 6.6% after Reuters reported that IBM can run a key quantum computing error correction algorithm on AMD‘s chips—a development that analysts suggest could position AMD favorably in the emerging quantum computing ecosystem.

Advanced Micro Devices’ performance notably outpaced the broader chip sector, with investors apparently viewing the quantum computing validation as a potential growth catalyst beyond traditional CPU and GPU markets.

Consumer and Travel Sectors See Volatility

Consumer names showed dramatic moves in both directions. Boston Beer climbed 6% after the Samuel Adams maker posted third-quarter earnings that comfortably exceeded expectations. According to FactSet data referenced in reports, the company earned $4.25 per share versus the $3.33 analysts had projected. The company also raised its full-year guidance, suggesting management confidence in sustained momentum.

In contrast, Alaska Air dropped 5% after missing earnings expectations and experiencing a tech outage that grounded flights. The airline reportedly earned $1.05 per share, excluding items, falling short of the $1.13 per share analysts had anticipated according to LSEG data. The combination of earnings disappointment and operational challenges weighed heavily on investor sentiment.

Surprise Movers and Market Implications

Several less-followed names made dramatic moves. Comfort Systems soared 15.6% following what analysts described as a “blowout” earnings report and dividend increase. The HVAC company reportedly earned $8.25 per share on $2.45 billion revenue, crushing FactSet estimates of $6.29 per share and $2.16 billion respectively.

Cryptocurrency exchange Coinbase rallied 8% after JPMorgan upgraded the stock to overweight. The bank’s analysts reportedly cited Coinbase’s exploration of a token launch linked to its Base decentralized finance platform and initiatives to attract more subscription customers as potential growth catalysts.

Meanwhile, Newmont shares slid nearly 4% despite better-than-expected third-quarter results, as disappointing guidance apparently overshadowed the quarterly beat. The gold miner’s guidance disappointment weighed on the materials sector despite what would otherwise be considered strong quarterly performance.

The midday action reflects a market increasingly responsive to both traditional financial metrics and strategic positioning in emerging technologies like AI and quantum computing. As earnings season continues, investors appear to be rewarding companies that demonstrate both current execution and future growth potential in transformative technology areas.

References

This article aggregates information from publicly available sources. All trademarks and copyrights belong to their respective owners.

Note: Featured image is for illustrative purposes only and does not represent any specific product, service, or entity mentioned in this article.

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