Latest Stock Market News — Page 921

Earnings Apr 23 James Calloway

Figma to Report Q1 Earnings on May 14 Amid AI Rivalry and Board Shifts

Figma reports Q1 earnings May 14 as AI competition heats up, with board changes and CEO Dylan Field controlling 72.3% voting power.

ADBE

Technology Apr 23 Sarah Chen

Meta to Cut 8,000 Jobs in May as AI Spending Surges

Meta will cut 8,000 jobs starting May 20 and close 6,000 open roles, with 2026 capital spending projected up to $135 billion as AI investments intensify.

Salesforce and Google Cloud Deepen AI Alliance Amidst CRM Stock Decline

Salesforce and Google Cloud expanded their AI partnership, integrating Slack, Google Workspace, and Gemini Enterprise. CRM shares fell 9% amid software selloff triggered by AI disruption fears.

CRM GOOGL NOW IBM WDAY AMZN MSFT

Technology Apr 23 Sarah Chen

QuantumScape Shares Swing Wildly on Q1 Update, AI Data Center Pivot

QuantumScape shares swung sharply after launching Eagle Line pilot production, starting QSE-5 cell output, and gaining a new automaker partner. The company reported a narrower net loss of $100.8 million.

QS

Earnings Apr 23 James Calloway

ServiceNow Shares Slide Despite Strong Q1 and Raised Forecast

ServiceNow (NOW) shares tumbled 18.7% after reporting better-than-expected Q1 results and a higher 2026 outlook, as Middle East contract delays and AI concerns weighed on sentiment.

NOW IBM MSFT ADBE

Earnings Apr 23 James Calloway

IBM Shares Slide Despite Earnings Beat as Software Growth Deceleration Stirs AI Concerns

IBM shares tumbled 9.6% despite beating Q1 estimates, as decelerating software and consulting growth revived concerns about AI disrupting legacy enterprise-software businesses.

IBM NOW MSFT ADBE TXN

Markets Apr 23 Daniel Marsh

AI Data-Center Boom Lifts Arm and Caterpillar Beyond Nvidia's Shadow

Arm Holdings jumped 5.4% and Caterpillar gained 4.2% as investors shift focus from megacap AI names to data-center infrastructure plays.

ARM CAT NVDA META AAPL GEV

Markets Apr 23 Daniel Marsh

Wall Street Retreats from Records as Oil Breaches $103, Earnings Mixed

Stocks pulled back from records Thursday as oil prices held above $100 and corporate earnings delivered mixed results. IBM and Tesla dropped, while Texas Instruments surged 18.4%.

IBM TSLA LMT TXN AAL HON INTC MSFT NOW NXPI

Analysis Apr 23 Daniel Marsh

IREN Surges 7% on AI Cloud Push Despite $6B Dilution Risk

IREN shares rose 7.3% to $51.94 as the company accelerates its AI cloud strategy, but a $6 billion stock offering program threatens to dilute existing shareholders.

IREN MSFT AMZN GOOGL META NVDA

Markets Apr 23 Daniel Marsh

Hims Expands Branded GLP-1 Access with Lilly's Zepbound and Foundayo

Hims & Hers Health now offers Eli Lilly's Zepbound and Foundayo via LillyDirect, broadening its branded GLP-1 lineup amid a competitive cash-pay market.

HIMS LLY NVO

Markets Apr 23 Daniel Marsh

Greg Abel Consolidates Control of Berkshire's Portfolio, Shifts Focus to Japan

Greg Abel has tightened his grip on Berkshire Hathaway's $300 billion stock portfolio, increasing exposure to Japan while trimming U.S. holdings like Apple and Amazon.

BRK.B AAPL AMZN KO AXP MCO TM BAC

Earnings Apr 23 James Calloway

Texas Instruments Surges 16% After Strong Earnings and Outlook

Texas Instruments reported Q1 revenue of $4.83B, up 19%, and forecast Q2 above estimates, sending shares up 16%.

TXN NXPI ADI ON

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