Despite DeepSeek and Qwen 2.5 disrupting the global tech sector, investors welcomed the impressive Q4 AI revenues from leading US tech firms like International Business Machines Corp. (NYSE:IBM).
The oil major announced Q4 adjusted earnings per share of $2.06, which missed the average Wall Street estimate by 5 cents. CVX stock sold off more than 4.5% in the late afternoon session.
IBM surges 13% on strong earnings while Microsoft drops 6.2% on weak guidance. Gold, utilities and semiconductor stocks rally. Treasuries rise, pushing yields lower.
U.S. stock futures moved marginally higher on Thursday following the latest flurry of U.S. economic reports. Investors received the first reading on Q4 GDP. The data showed the U.S. economy expanded ...