Major US stocks posted slight gains at Tuesday and Wednesday mainly driven by positive sentiment pushed by a slight easing of tensions at the Ukraine-Russia border. US President Joe Biden said on Tuesday that the US, NATO nor Ukraine represent a threat to Russia and are not looking to destabilize it.
On Wednesday’s session, the Dow Jones ended 0.16% lower, with the Nasdaq 100 falling 0.12%. The S&P 500 rose 0.09% at market close.
Corporate Earnings
Nvidia
Nvidia Corp. said on Wednesday its annual revenue was up 53% to reach a record $7.64 billion in the final quarter of 2021.
The company said it expects revenue to hit around $8.1 billion in the first quarter of 2022. Gaming, Data Center and Professional Visualization also achieved record quarterly and fiscal-year revenues.
Airbnb
Airbnb Inc. posted on Tuesday a 38% annual increase in Q4 revenue which was up to $1.5 billion, with net income reaching record $55 million.
Bookings expanded by 59% versus the last trimester of 2020 to 73.4 million, reaching a gross booking value of $11.3 billion after jumping by 91% in the same period.
Elon Musk Gave $5.7 Billion of Tesla Shares to Charity Last Year
Elon Musk donated roughly $5.7 billion worth of Tesla Inc. shares to charity last year, according to a securities filing Monday, making him by at least one measure one of last year’s top philanthropic donors.
The filing doesn’t name recipients for the 5,044,000 Tesla shares that Mr. Musk reported donating over the course of more than a week in November.
The donations were made in the middle of a series of stock sales by Mr. Musk, who sold more than $16 billion worth of Tesla shares in the past two months of 2021.
READ; Record Week for Big tech as US Markets finish best week for 2022
