Tesla, IBM and Meta lead most of Wall Street higher
 · 1hGuernsey Press
Tech stocks lead most of Wall Street higher
On Wall Street, Tesla drove 2.9% higher even though Elon Musk’s electric-vehicle company reported a weaker profit for the latest quarter than analysts expected. Mr Musk asserted Tesla will offer unsupervised “full self-driving” technology to its customers as a paid service starting in Austin in June.
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U.S. stock futures point mostly higher as investors react to corporate earnings, Apple is slated to report results after the bell, and Tesla stock gains after the company delivers an upbeat update on its Full Self-Driving technology.
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Lam Research issued better-than-expected guidance for the current quarter. For its current quarter, the maker of equipment for semiconductor manufacturing forecast per-share earnings between 90 cents and $1.
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The credit-card company posted better-than-expected adjusted earnings and revenue, fueled by a rise in cross-border transactions. Shares rose 4% Thursday morning. ↗️ [IBM (IBM)](
Tech sector to lead Wall Street higher as Meta, IBM and Tesla shares rise after results
S&P 500 futures are up 0.5%. Dow Jones Industrial Average futures are gaining 0.4%. Nasdaq 100 futures are rising 0.7%. On Wednesday, the Dow Jones Industrial Average fell 137 points, or 0.31%, to 44,
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After-hours movers: Tesla swings, Microsoft slips, IBM soars after results
The tech sector, particularly Nvidia ( NASDAQ: NVDA) and other chipmakers, is under heightened scrutiny after disruption in the AI industry by Chinese startup DeepSeek triggered a market selloff on Monday. The selloff represented “a correction,” and was “not the start of a sustained bear market,” Goldman Sachs said Wednesday.
IBM rallies nearly 14%, heads for best day ever on strong earnings
IBM reported a 1% rise in revenues overall, while its software unit grew 10% on a year-over-year basis amid growing demand for artificial intelligence and its operating system known as Red Hat Linux. CEO Arvind Krishna also said that the company posted $5 billion in bookings for its generative AI segment.
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Tesla stock rises on optimism over the electric-vehicle maker’s growth projections, Microsoft’s Azure growth misses estimates, Meta’s fourth-quarter profit handily tops forecasts, and UPS says it will be reducing volume with Amazon.