Lizzie Burden

News when you want it with Bloomberg News Now.

I'm Lizzie Burden.

Investors were left unimpressed initially by the latest blowout earnings forecast from Nvidia.

The dominant maker of AI chips says its revenue in the current quarter will be about $78 billion, well ahead of the almost $73 billion analysts had expected.

However, that wasn't enough to excite markets with shares little changed in post-market trading, now up 1% in pre-market trading.

Daniel Newman is CEO of technology research firm The Futurum Group.

Newman's assessment comes as Salesforce delivered a lukewarm sales outlook that failed to impress investors as well.

The software giant has become a poster child for what's been dubbed the AI scare trade.

Salesforce shares have dropped about 37% over the past year as investors fear AI will make it easier to build competing products.

WPP shares are lower this morning, this after the firm announced plans to cut annual costs by half a billion pounds by 2028 as part of a sweeping restructuring aimed at strengthening its AI capabilities.

The move comes as the British-based advertising giant reported full-year earnings that fell short of estimates.

The company is slashing its 2025 dividend by 62% to 15 pence, down from 39.4 pence in 2024.

one of the world's largest advertising agencies.

WPP has seen its share price fall 65% over the past year as it struggles with the loss of several major clients.

The shares are down 8% this morning.

And shares in Rolls-Royce are up more than 8% at the market open, hitting a record high.

This is the British manufacturer announced a share buyback of up to £9 billion over the next two years.

Soaring demand for aircraft engines and data centre power systems is proving to be a boon for the company.

Rolls-Royce says it now expects underlying operating profit to reach as high as £5.2 billion by 2028.

And those shares now up only 5.6%.