Earnings live: IBM stock surges, Whirlpool slides; Meta, Microsoft, Tesla report beats across the board
Tesla annual profit plunges to lowest level since pandemic
By BERNARD CONDON
NEW YORK (AP) — Tesla’s annual profit plunged to its lowest level since the pandemic five years ago as it lost the title of the world’s biggest electric vehicle maker to a Chinese rival and boycotts hammered sales.
The EV company run by Elon Musk reported Wednesday that net income last year dropped 46% to $3.8 billion.
» Read more about: Tesla annual profit plunges to lowest level since pandemic »
Read More$200 or $150? Nvidia’s February 25 Earnings Will Settle the Debate
Nvidia (NASDAQ:NVDA) sits at $188.52 after a 6% weekly surge. Prediction markets assign just 6% odds the stock hits $200 by month-end, yet analyst consensus targets $253. Someone’s badly wrong.
The Bull Case: Infrastructure Cycle Just Starting
Jensen Huang laid out the path on the Q3 earnings call: “I believe that there will be no digestion until we modernize a trillion dollars with the data centers.
» Read more about: $200 or $150? Nvidia’s February 25 Earnings Will Settle the Debate »
Read MoreAI Stocks Pick Up Steam—and the Nasdaq Tests Records—Ahead of Big Tech Earnings
Key Takeaways
- The Nasdaq Composite approached a fresh record high Wednesday as semiconductor stocks rallied following strong results from chip manufacturing equipment supplier ASML Holdings.
- The Nasdaq last closed at a record in late October, right before Big Tech earnings reports fueled debate on Wall Street about an AI bubble.
» Read more about: AI Stocks Pick Up Steam—and the Nasdaq Tests Records—Ahead of Big Tech Earnings »
Read MoreWhen are Social Security and SSI going out in February? Here’s the complete payment schedule
Per the Social Security Administration’s official payment calendar, January’s benefits have now been sent out, across five separate distribution dates. Before the month is over, however, the agency is due to make a start on its payment schedule for February.
Who gets paid first for February 2026?
Read MoreThe Burst
Why the Swoosh Might Be Turning the Corner Fast
Analysts had written off Nike heading into its latest earnings report. The previous quarter was a mess, sales fell 10%, inventories piled up, and the brand that once defined performance and style looked a little out of step with both.
Yet this quarter, Nike did something investors didn’t expect by starting to look like Nike again.
» Read more about: Why the Swoosh Might Be Turning the Corner Fast »
Read MoreThe Ivy
Has This Mag 7 Stock Got More Fuel In the Fire?
Amazon shares surged nearly 9% within a week of its latest earnings report, extending a 31% gain over the past year.
The strong results reignited investor confidence but the real story goes beyond quarterly numbers to Amazon’s growing role at the center of the AI boom.
Key Points
-
Amazon’s earnings beat was impressive,
» Read more about: Has This Mag 7 Stock Got More Fuel In the Fire? »
Read MoreThe Spotlight
Why This Schwab ETF Is a Favorite Among Retirees
For retirees or anyone focused more on stability than swing-for-the-fences growth, the S&P 500 isn’t always the most comforting choice. It’s heavily weighted toward large-cap tech names, and when those names fall out of favor, the whole index can wobble.
That’s why many investors approaching retirement gravitate toward dividend-focused funds. And one ETF in particular has emerged as a go-to is the Schwab U.S.
» Read more about: Why This Schwab ETF Is a Favorite Among Retirees »