Amazon is escalating its AI game with a strategic $1.25 billion investment in Anthropic, an AI startup valued at $5 billion. The deal could reach $4 billion and includes Amazon acquiring a minority stake and making AWS Anthropic's primary cloud provider.

This article highlights key market developments for five major companies: Amazon, Apple, Qualcomm, Ford, and General Electric. Each section delves into recent strategic moves and financial metrics, offering a comprehensive view for potential investors.

EKI Energy's stock plunged 10% following a Q1 loss of INR 33.28 crore. The company remains optimistic about a market recovery after the upcoming COP 28 event.

The global electric vehicle market is booming, with Europe and China leading the way. Recent data shows a 118% increase in European EV sales and a 36% rise in China.

The spotlight is on AMD as it gains market share from Intel and Nvidia. Recent acquisitions like Xilinx and Pensando Systems have fueled its stock. Investors should watch AMD for its promising growth in the AI and data center markets.

Cisco Systems acquires Splunk for $28 billion, marking its largest deal ever. The acquisition led to a 4% drop in Cisco's stock but boosted Splunk's by 21%. The move is part of Cisco's strategy to focus on software and recurring revenue.

S&P Global Inc. closed at $372.31, down 3.61% from its previous trading day. This marks its third consecutive day of losses, alongside a 1.64% drop in the S&P 500 and a 1.08% fall in the Dow Jones.

Toshiba, a once-iconic Japanese tech giant, is set to go private after more than 70 years on the stock market. The company is now majority-owned by Japan Industrial Partners (JIP) following a successful $14 billion tender offer.

FedEx Corp reported strong Q1 earnings, beating Wall Street expectations. Despite a dip in revenue, the company's operating income grew by 25%. Analysts remain bullish on the stock, citing strategic cost-cutting measures and future consolidation plans.

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Adobe Inc. is in the spotlight for its strong Q3 earnings and positive analyst ratings. While the stock offers stable sales and promising AI prospects, high valuations and regulatory hurdles pose risks for investors.

T-Mobile US Inc.'s stock rallied to $142.47, outperforming market indices. Insider trading by the Chief Accounting Officer and strong financials have made it a telecom stock to watch. Analysts rate it as a "Moderate Buy" with a target price of $181.95.

Dell Technologies reported a Q2 2023 revenue of $20.92 billion, down 19.9% YoY, but surpassing the Zacks Consensus Estimate. The EPS came in at $1.31, down from $1.84 in the previous year, yet beating the consensus estimate. Dell's various business groups reported mixed results, with some surpassing and others falling short of analyst estimates.

Toyota expands its commitment to EVs, investing an additional $2.1 billion in its North Carolina EV battery plant, raising total investment to $5.9 billion. The company also plans to manufacture an electric SUV in its Kentucky plant, pushing towards its goal of 1.8 million electric or hybrid vehicles sold in the U.S by 2030.

In the most significant structural overhaul in Alibaba's history, the Chinese e-commerce giant on Tuesday said it would split its $220 billion empire into six business groups, each able to raise outside funding and go public.

In pre-market trading Wednesday, AMC Entertainment Holdings Inc. shares dropped 8.5% to $6.53 after the company reported fourth-quarter results underscoring fears that theater-going would not return to pre-pandemic levels soon.

While earnings season has essentially come to an end, after the bell on Tuesday, Rivian Automotive Inc. reported mixed fourth-quarter earnings and a lackluster production outlook that fell short of Wall Street's expectations

Target Corporation jumped in early trading Tuesday after the retailer posted a surprise increase in holiday-quarter sales that topped Wall Street earnings estimates for the first time in a year.

On Monday, shares of Zoom Video Communications jumped 8% in extended trading after the company said it would integrate more artificial intelligence into its products and offered optimistic earnings guidance ahead of Wall Street expectations.