Disney Jumps, Beyond Meat Plummets, Broadcom Rises on OpenAI Deal

On this episode of Stock Movers:
- Disney (DIS) shares jump after Taylor Swift said she will have new content that will premiere on Disney+ in December, according to a post on X. “The Eras Tour|The Final Show featuring the entire Tortured Poets Department set and the first two episodes of The End of an Era, a 6-episode behind-the-scenes docuseries” will premiere December 12 on Disney+.
- Beyond Meat (BYND) shares plummet after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders. Based on the latest results, the company said it’s expected to issue 316 million new shares. The plan, which was disclosed in September and drove down the shares, aims to reduce leverage.
- Broadcom (AVGO) shares rise after OpenAI signed a multiyear agreement with Broadcom Inc. to collaborate on custom chips and networking equipment. The plan is to add 10 gigawatts’ worth of AI data center capacity, with the companies beginning to deploy racks of servers containing the gear in the second half of 2026.

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