ISRG

Cathie Wood's Ark Invest added to positions in Netflix, Oklo, and Intuitive Surgical on Wednesday, all of which have declined significantly over the past year. Netflix hit a two-year low after disappointing guidance, Oklo has surrendered 86% from its peak despite promising nuclear technology, and Intuitive Surgical faces competitive threats but maintains strong earnings beats.

Intuitive Surgical reported Q3 2026 earnings beating consensus estimates with $3.05B in revenue. The company announced planned instrument pricing reductions of 3-5% to expand robotic surgery adoption, narrowed 2026 procedure growth guidance to 14-15%, and raised gross margin outlook to 68.7-69.3%. U.S. procedure growth slowed to 10% while international placements surged 29%, with strong expansion in Europe and Asia.

Salesforce acquires Braze for $5.7 billion to strengthen its marketing capabilities, with Braze stock jumping 50%. Netflix faces growth challenges with slowing revenue and weak ad performance.

SpaceX beats expectations with 161% revenue growth, while Intuitive Surgical falls despite beating estimates due to cooling U.S. procedure growth. Tesla, Meta, and IBM report earnings with major capital spending decisions in focus. EQT continues steady cash flow growth as a natural gas producer.