Powell left some advice to the next Fed chair. “Don’t get pulled into elected politics,” Powell said. “Don’t do it.”

Shares of Japanese semiconductor equipment maker Advantest jumped over 7% after the company posted record quarterly sales in the October-December period.

Meta’s stock pop following the company’s latest earnings beat is a sign that investors are OK with hefty AI spending as long as the core business stays strong.

Samsung Electronics reported an over three-fold surge in fourth-quarter profits, hitting a new record and beating analysts’ estimates.

On Tesla’s fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.

In its earnings report on Wednesday, Tesla said it invested $2 billion in xAI, Elon Musk’s artificial intelligence startup.

ServiceNow announced an expanded partnership with Anthropic about a week after it inked a similar deal with competitor OpenAI.

IBM CEO Arvind Krishna said the company’s generative artificial intelligence book of business hit more than $12.5 billion.