Marvell Technology tops fourth-quarter earnings estimates but the stock tumbles as in-line guidance disappoints investors, Broadcom slumps ahead of the release of quarterly earnings, and MongoDB falls sharply on a weaker-than-expected fiscal-year outlook.
General Motors is raising its dividend and buying back shares.
General Motors is looking past tariffs and other looming threats to the auto industry, as it plans to hand more cash to stockholders. GM will spend up to $6 billion on extra share repurchases while also hiking its quarterly dividend by 25%,
Barak Turovsky, 49, a former head of AI at Cisco and a technological executive at Google, has been hired by GM
Nasdaq rallies as chip stocks surge ahead of Nvidia earnings. Can AI demand boost tech stocks today? Read our full market analysis and forecast.
U.S. stock indexes drifted to a mixed finish after climbing in the morning but then running out of momentum. The S&P 500 finished the day an iota higher, less than 0.1%, but enough to break a four-day losing streak that had knocked it off its all-time high.
Nvidia's quarterly results and forecasts, expected after markets close, are likely to set the tone for artificial intelligence stocks that have dominated Wall Street. The launch of low-cost AI models from China's DeepSeek had rattled the industry in January and raised questions around Big Tech's heavy investments into the technology.