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Below are Today's Key Takeaways.
Top News Move the Market
U.S. stocks on Tuesday meandered through a largely muted session to eventually end mixed, after Federal Reserve chair Jerome Powell said the central bank was in no hurry to further cut interest rates. Tariffs continued to dominate headlines as well, after further actions by President Trump.
Super Micro Computer β The server builder popped more than 8% even as the company slashed its fiscal 2025 full-year revenue guidance. Super Micro now sees full-year revenue ranging from $23.5 billion to $25 billion, while analysts polled by LSEG called for $24.92 billion. The company also said it thinks it will be able to file its delayed annual report by Feb. 25.
Tesla shares dropped 6% on Tuesday after Chinese rival BYD announced plans to develop autonomous vehicle technology with DeepSeek, and said it would offer its Autopilot-like system in nearly all of its new cars, adding to fears that Elon Muskβs company is falling behind the competition.
Intel jumped 6.1% after Vice President JD Vance said at the AI Action Summit in Paris that the Trump administration believes artificial intelligence has the potential to profoundly change the world. The administration also was looking to relax regulations to enable rapid innovation in the U.S. On Monday, the chip maker announced that AI chief Justin Hotard would be leaving Intel to serve as Nokia CEO.
OpenAI's board of directors has not yet received a formal bid from a consortium led by Elon Musk, a source familiar with the matter told Reuters on Tuesday, adding to the confusion over an unsolicited attempt to take control of the world's most prominent AI company.
A day after Musk publicized a bid to offer $97.4 billion to buy the nonprofit that controls OpenAI, the two sides were still at odds over what exactly happened to the formal bid.
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πππ Bet on Tesla Stock Movement and Win Tiger Coins!
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