Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) jumped 6.3% in the afternoon session after Meta reported fourth quarter earnings and announced plans to scale up its deployment of MTIA (Meta Training and Inference Accelerator) chips, developed in partnership with Broadcom, to optimize cost. Currently used for ad and organic content workloads, these custom chips will expand to AI training tasks, including generative AI, by 2026. To get a picture of how significant these investment

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Online learning platform Coursera (NYSE:COUR) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 6.1% year on year to $179.2 million. On the other hand, next quarter’s revenue guidance of $175 million was less impressive, coming in 1.8% below analysts’ estimates. Its non-GAAP profit of $0.08 per share was 82.2% above analysts’ consensus estimates.

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IBM shares soared Thursday after the computing giant posted better-than-expected fourth-quarter earnings, boosted by the strength of its AI business. Monitor these key price levels.

Shares of industrial machinery company Parker-Hannifin (NYSE:PH) jumped 6.2% in the morning session after the company reported strong fourth quarter results, which beat analysts' EPS expectations despite a revenue miss. Demand indicators improved, especially in the Aerospace segment, and overall order rate increased across the board. The company then reiterated its previous full-year EPS guidance, demonstrating a focus on balancing growth and profits. Overall, this was a decent quarter.

Shares of e-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) fell 17.3% in the pre-market session after the company reported weak fourth quarter results, with its revenue and EPS fallin below analysts' expectations. Adding to the bad news, the company's full-year EBITDA guidance missed Wall Street's estimates significantly. Management expressed displeasure at the results, which were marred by "a softer than anticipated and highly promotional consumer environment, along with a pullb

Shares of parcel delivery company UPS (NYSE:UPS) fell 17.6% in the morning session after the company reported weak fourth-quarter results and provided full-year revenue guidance, which missed significantly. Adding to concerns, UPS announced an agreement with its largest customer (Amazon) to cut volume by more than 50% by the second half of 2026, which might be a headwind to future growth. On the other hand, it was encouraging to see United Parcel Service beat analysts' EPS expectations this quar

Shares of health insurance company Cigna (NYSE:CI) fell 8.5% in the afternoon session after the company reported underwhelming fourth quarter earnings. EPS in the quarter missed and its full-year EPS guidance missed significantly. This is due to higher-than-expected medical loss ratios. On the other hand, Cigna exceeded analysts’ revenue expectations this quarter. Overall, this was a softer quarter.