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Higher capital expenditure guidance knocked Meta shares down roughly 6.5% in after-hours trading.

The stock's April rally set a high bar heading into Wednesday's print. But the company's results resoundingly cleared it.

Qualcomm CEO Cristiano Amon said that it would begin shipping data center chips to "a large hyperscaler" ahead of schedule, and called a bottom in China sales.

The online used car retailer reported retail sales of 187,393 units, a 40% increase compared with a year earlier.

In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales.

Chipotle shares have plummeted 35% over the last year.

Shares rose 26% Wednesday, the biggest surge since the Dutch chipmaker went public in 2010.

Wall Street expects Alphabet to report its strongest quarter for revenue growth since 2022.

Microsoft is coming off its worst quarterly stock performance since 2008, partly due to broader market concern that AI will eat software.

Aside from earnings and any changes to the automaker's 2026 guidance, investors will be monitoring effects from the Iran war, tariffs and the pullback in EVs.