Barrick Mining Rises, Alphabet Ticks Higher, KKR Rallies

 

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Shares of Barrick Mining (B) rose in premarket trading after the miner reported third-quarter earnings that beat the average analyst estimate as strength in gold offset copper weakness. The company also said that its Nevada Gold Mines initial public offering remains on track for late 2026 or early 2027.

- Shares of Alphabet (GOOG) edged higher ahead of the market open after news Google is rolling out a broader array of artificial intelligence chips, aiming to capitalize on its rapid ascent as a challenger to Nvidia in a market worth hundreds of billions of dollars. The company is introducing two new variations of its tensor processing units, or TPUs, custom-made semiconductors that help develop and run AI software. The latest chips will address the need for confidential computing and help models access a wider range of information when handling queries.

- Shares of KKR & Co. (KKR) rallied in the early session after the company reported a third-quarter profit that beat analysts’ estimates as the “mini Berkshire” unit that holds long-term private equity bets mitigated a slump at its Global Atlantic insurance arm. Earnings at KKR’s Strategic Holdings unit, modeled on Berkshire Hathaway Inc., more than tripled from a year earlier to $191.6 million as the portfolio generated more dividends, according to a statement Monday.

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