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Daily U.S. Stock Market Highlights (Friday, February 28)

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2025-02-28 13:26:51
< br > < b > Stock News < br > < span class = "section-news" > 1. HP (HPQ. N) Q1 revenue rose 2.4% year-over-year to $13.50 billion, and expects full-year fiscal 2025 earnings of $3.45 to $3.75 per share, both above consensus expectations. < br > < span class = "section-news" > 2. Dell (DELL. N) Q4 revenue rose 7.2% year-over-year to $23.90 billion, missing market expectations; adjusted earnings per share were $2.68, better than market expectations. The company expects fiscal 2026 earnings per share excluding certain items of about $9.30, and revenue of $101 billion to $105 billion. < br > < span class = "section-news" > 3. Tesla (TSLA. O) plans to offer a "driverless" ride-hailing service in California, competing with Uber (UBER. N) and others. < br > < span class = "section-news" > 4. Meta (META. O) plans to test a paid subscription service for its artificial intelligence chatbot MetaAI, similar to the services OpenAI and Microsoft offer to access premium versions of its chatbots, according to people familiar with the matter. < br > < span class = "section-news" > 5. Amazon (AMZN. O) announced the launch of a new quantum computing chip Ocelot, after Google (GOOG. O) and Microsoft (MSFT. O) have launched similar products. < br > < span class = "section-news" > 6. Barclays: Super Microcomputer (SMCI. O) AI server business has limited visibility and is given a neutral rating, with a target price of $59. < br > < span class = "section-news" > 7. According to people familiar with the matter, US private equity giant Apollo Global Management is in talks to lead a financing package of about $35 billion for Meta (META. O) to help it develop data centers in the United States.
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