Innovation & Tech
Nvidia (NVDA) unveiled new AI chips and forecast up to $1 trillion in cumulative demand through 2027, reinforcing long-term growth expectations even as the stock showed a muted market reaction.
Innovation & Tech
Meta (META) and Nebius (NBIS) moved higher after announcing a multi-year AI infrastructure deal worth up to $27 billion, highlighting accelerating demand for data center capacity as companies scale artificial intelligence systems.
Innovation & Tech
Nebius (NBIS) shares surged after Nvidia (NVDA) announced a $2 billion investment in the AI cloud company as part of a strategic partnership to expand hyperscale computing infrastructure for artificial intelligence workloads.
Earnings
Oracle (ORCL) shares jumped after the company reported stronger-than-expected earnings and raised its long-term revenue forecast to $90 billion by fiscal 2027, driven by rapid growth in cloud infrastructure and AI-related demand.
Sector
Rivian (RIVN) shares moved higher after an analyst upgrade highlighted the upcoming launch of the company’s R2 electric vehicle platform, a lower-cost model designed to expand Rivian’s reach into the mass-market EV segment.
Earnings
Marvell Technology (MRVL) shares jumped after the semiconductor company reported stronger-than-expected quarterly results and raised its outlook, with artificial intelligence infrastructure demand driving significant growth in its data center business.
Earnings
Okta (OKTA) reported stronger-than-expected fourth-quarter earnings and revenue, sending the stock higher as investors reacted to momentum in new identity security products and enterprise deals. However, the company’s guidance pointed to slower growth ahead, highlighting a mixed outlook.
Earnings
Broadcom (AVGO) shares moved higher after the semiconductor giant reported strong quarterly results driven by surging artificial intelligence chip demand and issued a stronger-than-expected revenue outlook for the next quarter.
Business Trends
Pinterest (PINS) shares climbed after activist investor Elliott Investment Management committed $1 billion in fresh capital, helping fund a new $3.5 billion share repurchase program.
Earnings
Nvidia (NVDA) shares dropped sharply even after delivering stronger-than-expected fourth-quarter results and issuing robust guidance, as broader AI trade concerns weighed on market reaction.
Innovation & Tech
AMD (AMD) stock surged after announcing a multiyear agreement with Meta (META) to supply up to 6 gigawatts of AI computing power, including a performance-based equity component that could give Meta up to a 10% stake.
Earnings
Walmart (WMT) delivered a solid fourth quarter with a dividend hike and a $30 billion buyback, but cautious guidance kept shares muted. Wayfair (W) fell despite an earnings beat, as softer trends and a non-adjusted loss weighed on investor sentiment.