Shares of technology companies rose ahead of Nvidia’s earnings.
Nvidia added to gains after the bell after it forecast fourth quarter revenue of $65 billion, plus or minus 2%, up from $57 billion in the third quarter. The earnings and outlook quelled some market fears about the sustainability of AI companies’ earnings growth and stock gains.
Elon Musk’s artificial-intelligence company xAI will work with chip maker Nvidia and a Saudi Arabian partner to develop a giant data center in the kingdom, Musk said Wednesday at an event coinciding with Crown Prince Mohammed bin Salman’s visit to the U.S.
Former Harvard University President Lawrence Summers has resigned from OpenAI’s board after receiving criticism for previously undisclosed correspondence between him and sex offender Jeffrey Epstein.
Shares of Strategy, the software and cryptocurrency firm formerly known as Microstrategy, fell for the seventh time in eight sessions, and incurred one of its largest declines in recent years, as a rout in bitcoin prices. The company was among the first to amass a significant corporate treasury of bitcoin.
Design software firm Adobe is nearing a $1.9 billion deal to acquire Semrush, a software platform that supports search-engine optimization.
The Dutch government handed back control of semiconductor manufacturer Nexperia to its Chinese owner, moving toward resolving a spat that had blocked vital chip supply to the auto industry.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
November 19, 2025 17:53 ET (22:53 GMT)
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