Nvidia Sales Reach New Heights as Company Forecasts Bigger AI Boom

Quarterly sales tripled from a year ago, surpassing Wall Street's heightened expectations, and Nvidia indicated momentum from the artificial-intelligence boom remains strong. 


 
EV Maker Rivian to Cut Workforce by 10%

Startup signals flat production for 2024, falling short of Wall Street forecasts. 


 
Lucid's stock drops nearly 5% as losses mount for the EV startup

Lucid Group Inc. shares fell nearly 5% in the extended session Wednesday after the EV maker reported a mixed fourth quarter, with revenue below Wall Street estimates, and production guidance also disappointed. 


 
Boeing Executive Overseeing 737 MAX Plant Leaving Company

The Boeing executive in charge of the factory that built the jet involved in last month's door-plug blowout is leaving the company amid a broader leadership shake-up. 


 
Microsoft CEO Says Company's New Chip Will Use Intel Foundry

Intel Foundry picked up a win as Microsoft CEO Satya Nadella announced a partnership for a new chip. 


 
Walmart Eases Supplier Delivery Demands as Stocking Pressures Recede

The retailer had toughened its 'on-time, in-full' requirements as pandemic disruptions snarled supply chains, triggered shortfalls. 


 
Bank of America CEO flags tug-of-war between inflation and higher wages but says consumers are still spending

Chief Executive Brian Moynihan is 'not worried' about competition from proposed credit-card merger but admits 'concern' over regional banks' exposure to commercial real estate. 


 
United Airlines Flight Diverted Due to Damaged Wing. Why It's Not a Big Deal for Boeing.

A United Airlines Boeing 757 flight was forced to make an emergency landing in Denver. The Federal Aviation Administration is investigating the incident. 


 
Reddit Plans to Sell Stock to Loyal Users in Unusual IPO Wager

Social-media company intends to offer shares in the offering to 75,000 of its biggest users. 


 
Jazz Pharmaceuticals Names Eli Lilly's Philip Johnson as Next CFO

The newly appointed finance chief will join the biopharma company on March 1.


(END) Dow Jones Newswires

02-21-24 1715ET