Oil prices are climbing on Monday as tensions between the US and Venezuela escalate, threatening to tighten global supply. West Texas Intermediate crude futures were up more than 2.6% in morning trading.
What’s good for crude isn’t ideal for airlines, which could see higher fuel costs. Shares of several major airlines are down on the price action, including Delta Air Lines, United Airlines, American Airlines, and JetBlue.
Zoom fell 4% in premarket trading on Thursday after offering a profit outlook that came in lower than analysts had expected as part of its FY26 Q4 earnings results.
For the fiscal year ending in January 2027, the video conferencing platform company expects:
Adjusted earnings per share between $5.77 and $5.81, missing analysts’ average projection of $6.06 a share, per Bloomberg data.
Revenue between $5.065 billion and $5.075 billion.
The weak bottom line forecast came after lackluster adjusted profit results for Q4, which came in at $1.44 per share, compared with Wall Street estimates of $1.49. Revenue increased 5% year-on-year to $1.25 billion, just ahead of average analyst expectations.
The company maintained an optimistic tone on its mixed FY26 results, with CEO Eric S. Yuan saying on the earnings call that “In the age of AI, Zoom becomes more essential. We are building the system of action that turns conversations into coordinated execution across work inside the organization and with the world outside, including customer engagement, sales, recruiting, and more.”
Indeed, Zoom has been doubling down on its office collaboration tools recently as it continues to turn towards serving enterprises after the pandemic boom, including launching a corporate phone system and a customer service platform, both of which can sometimes be heavily dependent on expensive AI models.
Nvidia CEO Jensen Huang said markets have misjudged AI’s impact on software firms in a CNBC interview on Wednesday, hours after the chipmaker reported better-than-expected Q4 results and strong sales outlook for the current quarter.
So far this year, a slew of software stocks, like Adobe, DocuSign, and Workday, have cratered amid mounting concerns that AI agents would eventually displace traditional enterprise software models.
Huang, however, said he believes “the markets got it wrong,” describing agentic AI as “tool users” of existing software rather than a threat to it.
Products like Microsoft Excel, or platforms such as Cadence, Synopsys, ServiceNow, and SAP all “exist for a fundamentally good reason,” he said, adding that agentic AI will be using those tools “on our behalf and help us be more productive.”
So far this year, a slew of software stocks, like Adobe, DocuSign, and Workday, have cratered amid mounting concerns that AI agents would eventually displace traditional enterprise software models.
Huang, however, said he believes “the markets got it wrong,” describing agentic AI as “tool users” of existing software rather than a threat to it.
Products like Microsoft Excel, or platforms such as Cadence, Synopsys, ServiceNow, and SAP all “exist for a fundamentally good reason,” he said, adding that agentic AI will be using those tools “on our behalf and help us be more productive.”
Data center stocks Applied Digital, IREN, CoreWeave, and Nebius as well as foundry giant TSMC and optical communications company Corning are catching a bid in after-hours trading thanks to strong results and guidance from Nvidia.
The chip designer’s massive outlook for Q1 sales — with the midpoint at $78 billion, versus a consensus estimate of $72.8 billion — underscores the magnitude of the near-term demand for AI compute and chips. As if the hyperscalers’ massive capex budgets hadn’t already done that!
To be sure, the advances in these stocks in after-hours trading are fairly mild, since most had been on fire in recent sessions in anticipation of a strong quarter.
The chip designer’s massive outlook for Q1 sales — with the midpoint at $78 billion, versus a consensus estimate of $72.8 billion — underscores the magnitude of the near-term demand for AI compute and chips. As if the hyperscalers’ massive capex budgets hadn’t already done that!
To be sure, the advances in these stocks in after-hours trading are fairly mild, since most had been on fire in recent sessions in anticipation of a strong quarter.
Air taxi maker Joby Aviation reported its fourth-quarter earnings after the bell on Wednesday. Shares climbed more than 3% in after-hours trading.
The company posted a loss of $0.14 per share, beating estimates of a $0.20 loss.
Joby ended the fourth quarter with $1.41 billion in cash (and cash equivalents), compared to Wall Street expectations of $1.01 billion.
Investors have closely watched Joby’s progress with FAA certification, which will be the determining factor for launching commercial air taxi services in the US. As of the end of Q4, Joby said it is 80% complete with the fourth stage of its five-stage certification process, up from 77% in the third quarter. Joby is 12% complete with the fifth stage, up from 10% in Q3.
Earlier on Wednesday, Joby announced it plans to partner with Uber to offer air taxi rides on the ride-hailing app in Dubai later this year. The companies already partner on Blade helicopter rides.
Joby also said it expects US early operations to begin this year, with the White House’s eVTOL (electric vertical takeoff and landing) Integration Pilot Program “set to select at least five sites for mature eVTOL aircraft to begin operating ahead of Type Certification.”
