PayPal stock craters 20% on earnings miss
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Wednesday, GE HealthCare reported fourth-quarter earnings per share of $1.44 from sales of $5.7 billion. Wall Street was looking for earnings per share of $1.40 from sales of $5.6 billion.
Wall Street is seeing investors turn away from AI darlings toward safer investments after a rout in the sector led to losses across major gauges.
AMD reported fourth-quarter earnings after the closing bell on Tuesday. The company's forecast topped expectations, but the stock's drop reflects continued pressure on the AI trade.
Nvidia stock was reacting after Advanced Micro Devices earnings, including its comments on China sales.
The rise comes on the back of months of decline for the stock.
Unfortunately, this latest earnings report was a tale of two different stories for Microsoft. On the one hand, it delivered an impressive financial performance. On the other hand, a less-than-stellar outlook caused its stock to decline nearly 10% on Jan. 28, one of the largest same-day declines in its history.
Beats from AMD weren't enough to help the stock, which was falling 4% in Tuesday's extended session. AMD's fourth-quarter revenue of $10.3 billion came in ahead of the $9.7 billion consensus on FactSet.
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CNBC Daily Open: UBS posts strong earnings while Novo Nordisk's U.S. shares crater on slowing growth
Nvidia CEO Jensen Huang told CNBC's Jim Cramer on Tuesday that there's "no drama involved" between the company and OpenAI. "Everything's on track," he added.
Super Micro Computer's Data Center Building Block Solutions segment is driving premium profitability. Read why I remain firmly bullish on SMCI stock.
Palantir Technologies shares jumped 5% in afterhours trading following the data company's better-than-expected earnings report. Palantir disclosed another quarter of record revenue after the closing bell Monday,
Companies in the S&P 500 may be on track to report the highest net profit margins in at least 15 years, suggesting tariffs aren't harming industry.
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Stock market today: Dow rises on surprise jobs data; AMD plunges on earnings (live coverage)
Stock Market Today: The Dow Jones index rose Wednesday after surprise jobs data. AMD stock plunged on earnings.