24H | Rivian Soars 16%; Applied Materials Pops 13%; Roku, Instacart, Dutch Bros Surges 12%; Coinbase Rises 1%; Pinterest Sinks 17%

Rivian's results beat Wall Street targets and the electric vehicle maker stoked expectations for its rival to Tesla's best-selling Model Y, saying its new, more affordable R2 SUVs would drive a 53% jump in 2026 deliveries. Shares of the company surged 15.9% in overnight trading.

Applied Materials forecast second-quarter revenue and profit above market estimates, betting on a boom in demand for AI processors and a worldwide memory shortage to help drive sales of its chipmaking equipment. The company's shares rose 13.3% in overnight trading.

Roku forecast annual revenue above Wall Street estimates, betting on a rebound in the digital advertising market and a broader shift to ad-based streaming, sending its shares up 12.5% in overnight trading.

Instacart forecast current-quarter gross transaction value and core profit above expectations and beat fourth-quarter estimates, helped by strong demand for essentials on its online delivery platform and rising advertising revenue. Shares of Instacart were up 12.3% in overnight trading.

Dutch Bros shares surged 12.2% in overnight trading after the fast-growing beverage chain reported fourth-quarter earnings that significantly exceeded analyst expectations, marking its 19th consecutive year of positive same-shop sales growth.

Coinbase posted a surprise quarterly loss, marking its first since the third quarter of 2023, as the cryptocurrency exchange was hit by weaker trading volumes during a period of broad digital-asset selloff. The shares rose 1.3% in overnight trading.

Online travel platform Expedia forecast 2026 gross bookings and revenue above Wall Street expectations, betting on strong demand from business clients. While Expedia shares dropped 5.9% in overnight trading.

Online betting company DraftKings issued a 2026 forecast for sales and profit that fell short of Wall Street estimates, sending the stock tumbling 15.3% in overnight trading.

Pinterest forecast first-quarter revenue below estimates, underscoring the image-sharing platform's ongoing struggle to compete for advertising dollars against deep-pocketed platforms, sending its shares down 17.3% in overnight trading.