These Stocks Are Moving the Most Today: Berkshire Hathaway, Apple, Alibaba, Nvidia, Domino's Pizza, and More -- Barrons.com

Dow Jones
24 Feb

By Joe Woelfel

Stock futures were rising Monday after equities sank and bond prices rallied on Friday following signs of weakness in the U.S. economy. The S&P 500 recorded its worst session of the year on Friday, falling 1.7%.

These stocks were poised to make moves Monday:

Berkshire Hathaway's fourth-quarter operating earnings surged 71% to a record $14.5 billion on strength in the company's large insurance operations and higher investment income. Insurance underwriting jumped 302% from a year earlier to $3.41 billion. Meanwhile, Berkshire Hathaway's total amount of cash and equivalents rose to a record $334 billion at year-end 2024 from $325 billion on Sept. 30. The company also didn't buy back any stock in the fourth quarter. Class B shares of Chairman and CEO Warren Buffett's conglomerate were up 1.4% in premarket trading.

Apple declined 1.1%. The iPhone maker announced its "largest-ever spend commitment," saying it plans to spend and invest more than $500 billion in the U.S. over the next four years. The spending "will support a wide range of initiatives that focus on artificial intelligence, silicon engineering, and skills development for students and workers across the country," the company said in a statement. Apple said it plans to open a new advanced manufacturing facility in Houston to produce servers that support Apple Intelligence.

Alibaba was down 3.2%. The Chinese e-commerce giant plans to invest more than $52 billion on artificial intelligence and cloud infrastructure over the next three years. The spending will top the company's AI and cloud computing investment over the past decade.

Domino's Pizza fell 4.8% after the pizza chain reported fourth-quarter earnings that just missed analysts' estimates and revenue of $1.44 billion, below Wall Street forecasts of $1.48 billion. Same-store sales rose 0.4% in the U.S. and 2.7% in international markets.

Earnings reports are also expected Monday from Diamondback Energy, Zoom Communications, Hims & Hers Health, and Tempus AI.

Reports are expected later in the week from Nvidia, Home Depot, Lowe's, Dell Technologies, Salesforce, Intuit, Workday, Keurig Dr Pepper, TJX Cos., First Solar, Cava, Lucid, Anheuser-Busch InBev, Synopsys, Snowflake, Autodesk, Monster Beverage, Agilent Technologies, eBay, Vistra, HP Inc., and Warner Bros. Discovery.

Nvidia, the leading maker of artificial-intelligence chips, is scheduled to report fourth-quarter earnings after the closing bell Wednesday. Nvidia is the last of the Magnificent Seven tech giants to issue its quarterly report this season. Wedbush analyst Dan Ives said Nvidia was "the most important company for the tech sector and AI revolution." Ives said he expects "another robust performance" from Nvidia and a "clear beat and raise special" that should calm investors' nerves. Shares rose 1.2% in premarket trading.

Write to Joe Woelfel at joseph.woelfel@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

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February 24, 2025 06:22 ET (11:22 GMT)

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