Tesla Inc (NASDAQ:TSLA) shares surged after the US Department of Transportation (DOT) announced a new regulatory framework for self-driving vehicles.
The updated rules, unveiled by Transportation Secretary Sean Duffy, are designed to prioritize safety, encourage innovation, and enable the commercial deployment of autonomous vehicles (AVs).
Shares of Intel Corp (NASDAQ:INTC, ETR:INL) lost nearly 7.3% on Friday after the chipmaker offered a disappointing revenue outlook for the second quarter, triggering a flurry of analyst downgrades and warnings about the company’s multi-year turnaround.
Despite beating expectations for the first quarter, Intel forecast second-quarter revenue of $11.8 billion, falling short of analysts’ estimates and raising fresh concerns over macroeconomic uncertainty, tariff headwinds, and persistent margin pressure.
VinFast Auto Ltd (NASDAQ:VFS) reported mixed results for the fiscal fourth quarter of 2024, as a surge of electric vehicle deliveries drove a stronger-than-expected top line amid profitability challenges.
The Vietnamese auto company reported revenue of $677.9 million, ahead of Street estimates of $659.3 million.
Alphabet Inc (NASDAQ:GOOG) shares climbed about 2.4% on Friday morning, extending gains from a post-earnings rally, as investors cheered stronger-than-expected results that highlighted the resilience of its core Google Search business and ongoing momentum in cloud services.
Analysts noted broad-based strength across advertising verticals, while YouTube ad revenue rose 10.3%, roughly in line with estimates.
Shares of Brazilian mining giant Vale SA (ADR) (NYSE:VALE) fell 2% on Friday morning after the company reported a 17% drop in first-quarter net profit, missing analyst expectations as lower iron ore prices and subdued global demand weighed on results.
Vale posted a net profit of $1.39 billion for the three months ended March 31, down from $1.67 billion a year earlier and below the $1.68 billion expected by analysts polled by LSEG.
Abbvie Inc (NYSE:ABBV) shares moved higher after it reported strong results for the first quarter of 2025 and raised its full-year profit guidance.
The company now expects adjusted earnings per share (EPS) in the range of $12.09 to $12.29, up from its earlier guidance of $11.99 to $12.19.