S&P 500 climbs to new all-time high ahead of Big Tech earnings |
The S&P 500, Nasdaq 100, and Russell 2000 all gained ahead of tomorrow’s earnings from Meta, Microsoft, and Tesla and Apple’s earnings on Thursday. Investors were unfazed by the lowest consumer confidence reading since 2014. The Federal Reserve began its two-day policy meeting, where it is expected to keep interest rates steady. (Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)
While tech was the best-performing sector, healthcare was the worst, as the Trump administration proposed flat rates for Medicare insurers, sending UnitedHealth, Molina Healthcare, Centene, CVS Health, Elevance Health, and Humana lower.
Stocks that moved higher: |
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Corning (yes, the 175-year old company that used to make your grandmother’s casserole dishes) soared after announcing a $6 billion deal with Meta. Amphenol, Coherent, and Lumentum rose in tandem as the deal reignited the optical connections trade.
- Richtech Robotics spiked after announcing a partnership with Microsoft to use AI to improve its robots.
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Cloudflare surged as social media buzz around the viral AI agent Clawdbot drew investor attention to Cloudflare’s role in the infrastructure behind emerging AI tools.
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Micron gained after breaking ground on a new facility in a decade-long, $24 billion investment plan.
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CoreWeave jumped after a Deutsche Bank analyst upgraded the stock to buy and bumped its price target to $140, following Nvidia’s latest investment.
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Satellite stocks AST SpaceMobile, Rocket Lab, and Planet Labs surged on “sovereign space” plans.
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Shares of General Motors rose after reporting a Q4 earnings beat, providing higher-than-expected guidance, and announcing a $6 billion stock buyback. The automaker is also reportedly in talks with bankrupt parts supplier First Brands on rescue financing, along with Ford, whose stock also rose.
- RTX rose after beating its Q4 adjusted EPS by 6%.
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D-Wave Quantum got a bump after announcing a trifecta of good news: a $20 million system sale, a collaboration with Davidson Technologies and Anduril Industries for US air and missile defense, and a $10 million service deal with an unnamed Fortune 100 company.
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UPS rose amid news that it will slash 30,000 jobs as the company winds down its partnership with Amazon.
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Baidu ticked higher after merging two app businesses into a new AI unit.
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New data from ride-share comparison app Obi shows how much cheaper and less available Tesla’s autonomous ride-share service is. Read more. |
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“Now that the stock has already moved lower and underperformed, perhaps we can see a meaningful rebound once they report earnings?” 22V Research’s Jeff Jacobson wondered. Read more. |
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Starbucks CEO Brian Niccol made just over $30.9 million in 2025, less than a third of what he made in the last four months of 2024 after the company poached him from Chipotle. Read more. |
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One year after the DeepSeek freak, the AI industry has adjusted and roared back
A look back at how the Chinese startup shattered conventions, changed the way Big Tech thought about AI, and blew a $1 trillion hole in the stock market that got filled right back up... and then soared to new levels. -
Amazon says it’s doubling down on opening Whole Foods stores. That sounds familiar.
The company says it’ll open 100 Whole Foods locations in the next few years. That sounds similar to plans Whole Foods’ CEO laid out for opening 30 stores a year in 2024. Since then, it appears to have added 14, total. -
Michael Burry announcement spurs most GameStop retail buying since the retailer’s pivot to bitcoin
Burry buys, and retail follows.
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Bitcoin miners hit with downgrades, winter storm
While the bitcoin hashrate has crashed, experts say this is a temporary reaction to the weather.
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Wedbush’s Dan Ives predicts Tesla FSD penetration will rise from 12% to above 50%, but doesn’t say how
Ives has big hopes for Tesla this year.
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Georgia lawmakers introduce data center construction moratorium amid statewide pushback
At least three states in the past week have introduced data center moratorium legislation.
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Silver’s surge to fresh all-time highs spurs ETF records
Outside of one day in April 2011, this is the closest the silver ETF has come to trading more dollar volume than SPY.
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On-chain money laundering grows to a more than $82 billion ecosystem in 2025
Chinese-language networks have an outsized role in crypto money laundering, accounting for 20% of the illicit activity last year. -
Salesforce announces 10-year contract with US Army, potentially worth up to $5.6 billion
Salesforce is the latest beneficiary of the Pentagon’s desire for more streamlined software.
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