Palantir Technologies (NASDAQ: PLTR) was one of the hottest artificial intelligence stocks on the market last year. Ives recently raised his 12-month target price to $90 per share, citing confidence in the company's artificial intelligence strategy. Ives thinks Palantir could be the next Oracle, a software company worth $515 billion.

10:30 a.m. Atlanta Fed GDPNow fourth quarter update.

Dow Jones stocks edged higher in the stock market today as investors awaited Powell's remarks and earnings from three tech titans.

Nasdaq reported higher fourth-quarter profit on Wednesday, helped by increased demand for the exchange operator's financial technology products, which still fell short of some analysts' expectations.

Nasdaq reported a higher fourth-quarter profit on Wednesday, helped by strong demand for the exchange operator's financial technology products. Net profit attributable to the company, on an adjusted basis,

Nvidia staged a moderate rebound on Tuesday, rising as much as 3%, following a 17% drop the prior day. More broadly, major US indexes rallied after S&P 500 and Nasdaq 100 saw sharp losses on Monday amid concerns over the Chinese AI firm DeepSeek rapid and cost-effective advances.

Key Takeaways Nvidia shares plunged Monday amid concerns that a powerful, cost-efficient AI model developed by a Chinese startup could herald a reduction in Big Tech’s investment in the chipmaker’s pricey AI offerings.