Just how rare is growing revenue 262% in a year? Very.

5/24/24 10:54AM

All AIs on me

For the stock market, the story of this week has been the story of the past year, with all eyes locked on AI-computing leader Nvidia. The company’s quarterly earnings, released after the bell on Wednesday, revealed revenue that was up an eye-watering 262% and profits that were even more extraordinary, with net income growing more than 600% on the same quarter last year. Without using expletives or multiple exclamation marks, it’s hard to emphasize just how remarkable those numbers are.

Shares in the company rose another 9% after the fact, taking Nvidia close to a $2.6 trillion market cap, up more than $1.8 trillion in the last 12 months. That's roughly equivalent to adding the value of a New York Times Company ($8B) every 38 hours or a Goldman Sachs (market cap $148B) every single month… for a year.

Indeed, relative to its peers in the S&P 500, Nvidia’s growth makes it an outlier in every sense of the word. The average company in the S&P 500 has seen 5.5% sales growth in the last 12 months, and the only stock even remotely close to Nvidia’s 262% figure is Super Micro Computer — another (much smaller) business that’s been riding the AI wave.

As the wider stock market has boomed off of any AI chatter, Nvidia is one of the few companies turning buzz into actual bottom line results.

Matt Phillips28m

Corning-Meta deal reignites optical connections trade

Corning’s $6 billion deal with Meta to provide fiber-optic cable connections for its AI data centers is reigniting an AI-related trade that’s been stalled out over the last month.

Fellow opto-electrical makers of plugs, cables, and various doodads needed to connect data center servers — such as Amphenol, Coherent , and Lumentum — are also soaring Tuesday.

Such stocks ripped in the second half of 2025 before the rally sputtered out in the first half of December. But the amount of money Meta plans to shower on Corning has clearly cheered up competitors — and investors — in the space today.

Corning soars after striking deal to sell up to $6 billion in optical infrastructure to Meta

Luke Kawa3h

Richtech Robotics soars after announcing partnership with Microsoft to use AI to improve its robots

Shares Richtech Robotics are surging in premarket trading after the company announced “a hands-on collaboration with Microsoft through the Microsoft AI Co-Innovation Labs to jointly develop and deploy agentic artificial intelligence capabilities in real-world robotic systems.”

Per the press release, the two companies worked together to imbue Richtech’s flagship ADAM robot with “additional layers of context awareness” to “support smoother workflows and more responsive customer interactions in retail environments.”

Apropos of nothing, here’s an ADAM robot serving Nvidia CEO Jensen Huang a margarita:

Richtech was one of many robotics and vaguely robotics companies that caught a massive bid in early December after Politico reported that the Commerce Department was poised to go “all in” to support the industry. To date, there's been no evidence of such a plan, but that hasn’t stopped robotics stocks from having a phenomenal start to 2026. The Themes Humanoid Robotics ETF, which counts Richtech as one of its members, gained nearly 50% year-to-date through Thursday’s close, though it has since come off the boil.

Max Knoblauch4h

Boeing posts its second straight quarter of positive free cash flow, revenue beats estimates

Boeing reported its fourth-quarter and full-year earnings before the market opened on Tuesday.

Boeing posted adjusted earnings of $9.92 per share, compared to the $0.44 loss per share expected by Wall Street analysts polled by FactSet. Those earnings, however, aren’t comparable to estimates because they reflect a massive gain from the close of Boeing’s sale of its digital aviation assets, which the company said boosted overall earnings by $11.83 per share.

The plane maker generated $375 million in free cash flow, its second straight quarter of positive FCF following six consecutive quarters of negative results. Wall Street expected $207 million.

Boeing last year saw significant recovery from its bleak 2024, improving its commercial deliveries by 72%. The company logged nearly 1,200 plane orders in 2025, outselling European rival Airbus for the first time since 2018. Boeing’s revenue climbed 57% in the fourth quarter to $23.95 billion, beating estimates of $22.6 billion. Its total backlog grew to $682 billion.

In October, US regulators approved an increase to the monthly cap on 737 production from 38 to 42 planes.

Luke Kawa

D-Wave Quantum jumps on $20 million system sale, deal with Davidson and Anduril for US air and missile defense

D-Wave’s CEO had previously lamented feeling left out in the cold by the US government. Today’s announcements may give it a foothold.

Julich Research Center Inaugurates Europe's First 5,000+ Qubit Quantum Computer

Max Knoblauch5h

American Airlines gives upbeat full-year guidance, lifting shares

American Airlines gave a rosy projection for full-year earnings that has the stock taking to the skies on Tuesday.

For the full year, American forecast adjusted earnings of between $1.70 and $2.70 per share, putting the midpoint of $2.20 significantly higher than analysts’ consensus estimate of $1.97 per share. The carrier also guided for more than $2 billion in free cash flow in 2026, more than double Wall Street’s expectations.

American shares are up about 3.2% in premarket trading as of 7:35 a.m. ET, after the release of its fourth-quarter and full-year earnings reports, which included the guidance.

The airline’s earnings for the quarter missed Wall Street’s expectations, with adjusted earnings of $0.16 per share. Analysts polled by FactSet expected $0.37 per share.

American, the third of the big four US airlines to cap off its 2025 fiscal year, said it expects a loss of between $0.10 and $0.50 per share in the first quarter of 2026. Analysts expected a loss of $0.29 per share.

Passenger revenue reached $12.66 billion in Q4, up 2.1% from last year but below estimates of $12.72 billion. American produced an adjusted operating margin of 3.5% in the quarter, compared to 8.4% in the same quarter a year ago.

American also announced a $325 million hit to its revenue from the government shutdown.

And it said the winter storm that has caused widespread cancellations this week will negatively impact revenue by between $150 million and $200 million.