Microsoft reported fiscal second-quarter Intelligent Cloud revenue that missed analysts’ expectations, sending shares lower after the bell Wednesday.

Enterprise workflow software maker ServiceNow (NYSE:NOW) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 21.3% year on year to $2.96 billion. Its non-GAAP profit of $3.67 per share was in line with analysts’ consensus estimates.

Tech giant Microsoft (NASDAQ:MSFT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 12.3% year on year to $69.63 billion. Its GAAP profit of $3.23 per share was 4% above analysts’ consensus estimates.

Wall Street analysts see AI boosting Meta's performance this year. The tech titan could also be a big winner amid the drama swirling around TikTok.

With Tesla set to release its latest quarterly earnings report, Wall Street thinks the stock can keep rising on a "golden age" for automation and AI.

Semiconductor equipment maker Lam Research (NASDAQ:LRCX) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 16.4% year on year to $4.38 billion. On top of that, next quarter’s revenue guidance ($4.65 billion at the midpoint) was surprisingly good and 7.7% above what analysts were expecting. Its non-GAAP profit of $0.91 per share was 3.5% above analysts’ consensus estimates.

Microsoft reported its Q2 earnings after the bell on Wednesday, missing estimates on key cloud revenue.

Leading data storage manufacturer Western Digital (NASDAQ: WDC) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 41.3% year on year to $4.29 billion. On the other hand, next quarter’s revenue guidance of $3.85 billion was less impressive, coming in 3.7% below analysts’ estimates. Its non-GAAP profit of $1.77 per share was 2.7% below analysts’ consensus estimates.

ASML stock rose 4.3% Wednesday after the Dutch semiconductor equipment company posted better than expected fourth quarter earnings and its CEO dismissed concerns over DeepSeek AI.

The Federal Reserve held interest rates steady Wednesday as policymakers weigh the direction of inflation and the potential effect of economic policies expected from the new Trump administration.