00:01 Speaker A
Well, it’s time now for today’s trending tickers.
00:04 Speaker A
We start with Google.
00:06 Speaker A
Anthropic is in talks with Google about a deal that would provide the AI firm with additional computing power valued in the high tens of billions of dollars.
00:15 Speaker A
Shares of Google parent Alphabet are higher in the pre-market.
00:20 Speaker A
Now, the plan, which has not been finalized, involves Google providing cloud computing services to Anthropic.
00:25 Speaker A
But in a possible threat to Google, Open AI yesterday announced chat GPT Atlas, a new artificial intelligence powered web browser.
00:32 Speaker A
Remember that Amazon, one of Google’s main rivals in the cloud space is one of Anthropic’s biggest investors.
00:40 Speaker A
Also in the consumer space, Samsung Electronics released its Galaxy XR extended reality headset yesterday.
00:47 Speaker A
The South Korean tech giant is counting on AI features from Google to propel it into the nascent and uncertain market of computing on your face that is dominated by Meta and Apple.
00:58 Speaker A
Okay, a stock that’s featured heavily this week on trending tickers and for good reason, Beyond Meat.
01:04 Speaker A
The stock has certainly gone viral.
01:06 Speaker A
Yesterday, it closed 600% higher over the past three trading sessions.
01:09 Speaker A
It’s having a meme stock moment despite fundamentals of the plant-based burger maker being anything but sizzling.
01:15 Speaker A
Yesterday, we heard that its Beyond Burger six-pack will be available in 2,000 Walmart stores, and on Monday, the stock was added to the Round Hill Meme ETF.
01:23 Speaker A
Okay, moving on to a financial stock that’s popping in the pre-market, Capital One.
01:27 Speaker A
It reported impressive results overnight with a 23% rise in revenue.
01:31 Speaker A
The interesting thing here though, is that it announced a new $16 billion share repurchase authorization and plans to increase its quarterly common stock dividend from 60 cents to 80 cents per share.
01:42 Speaker A
Okay, let’s check check in on Netflix as we heard results missed the mark and shares are down heavily in the pre-market.
