Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports

Lam Research issued better-than-expected guidance for the current quarter. For its current quarter, the maker of equipment for semiconductor manufacturing forecast per-share earnings between 90 cents and $1.

On Wall Street, Tesla drove 2.9% higher even though Elon Musk’s electric-vehicle company reported a weaker profit for the latest quarter than analysts expected. Mr Musk asserted Tesla will offer unsupervised “full self-driving” technology to its customers as a paid service starting in Austin in June.

U.S. stock futures point mostly higher as investors react to corporate earnings, Apple is slated to report results after the bell, and Tesla stock gains after the company delivers an upbeat update on its Full Self-Driving technology.

The tech sector, particularly Nvidia ( NASDAQ: NVDA) and other chipmakers, is under heightened scrutiny after disruption in the AI industry by Chinese startup DeepSeek triggered a market selloff on Monday. The selloff represented “a correction,” and was “not the start of a sustained bear market,” Goldman Sachs said Wednesday.

S&P 500 futures are up 0.5%. Dow Jones Industrial Average futures are gaining 0.4%. Nasdaq 100 futures are rising 0.7%. On Wednesday, the Dow Jones Industrial Average fell 137 points, or 0.31%, to 44,

Microsoft (MSFT), Meta Platforms (META), IBM (IBM), and Tesla (TSLA) reported their latest earnings results on Wednesday. The latest data found that US GDP growth (gross domestic product ...

IBM reported a 1% rise in revenues overall, while its software unit grew 10% on a year-over-year basis amid growing demand for artificial intelligence and its operating system known as Red Hat Linux. CEO Arvind Krishna also said that the company posted $5 billion in bookings for its generative AI segment.

IBM delivered better-than-expected fourth-quarter results and unveiled its big bets on artificial intelligence strategies and offerings.

Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher after a rush of profit reports from some of the country’s most influential companies

Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forecast and downbeat results from Cigna dampened investor enthusiasm. Microsoft MSFT.O dropped 4.7% after forecasting disappointing growth in its cloud computing business.