Block (SQ) shares maintain gains in the green ahead of Friday's market close. The fintech company topped fourth-quarter revenue expectations, posting figures of $5.77 billion on Thursday. Yahoo Finance Live takes a look at Block's stock movement on its upbeat full-year guidance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Block (SQ) shares maintain gains in the green ahead of Friday's market close. The fintech company topped fourth-quarter revenue expectations, posting figures of $5.77 billion on Thursday. Yahoo Finance Live takes a look at Block's stock movement on its upbeat full-year guidance.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Investor's Business Daily
Square-parent Block reported fourth-quarter earnings that missed estimates while revenue slightly beat as other financial metrics were mixed. Guidance for SQ stock came in above expectations, sending shares up on Friday.
Reuters
Figure AI, also backed by ChatGPT-maker OpenAI and Microsoft, is raising about $675 million in a funding round that carries a pre-money valuation of about $2 billion, according to the report. Bezos had committed $100 million through his firm Explore Investments LLC and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are each providing $50 million, the report added. Investments in artificial intelligence startups have sparked after the launch of OpenAI's viral chatbot ChatGPT in November 2022, as investors sense an opportunity, betting on these startups that they might outpace bigger rivals.
The Wall Street Journal
**Nvidia (NVDA)**: Shares of the chipmaker climbed, building on Thursday's post-earnings surge and pushing its market capitalization above $2 trillion for the first time. **Block (SQ)**: The payments company co-founded by Jack Dorsey reported a surprise profit in the fourth quarter.