Investing.com -- Qorvo Inc (NASDAQ:QRVO) shares jumped more than 18% in aftermarket trading after its third-quarter earnings beat Wall Street estimates. Company reported adjusted earnings per share of $1.61, beating the consensus of $1.21. Revenue came in at $916.3 million, topping analysts' expectations of $902.6 million.

SAN FRANCISCO (AP) — LendingClub Corp. LC) on Tuesday reported fourth-quarter profit of $9.7 million. On a per-share basis, the San Francisco-based company said it had profit of 8 cents.

Wall Street steadied after Monday's freak out over AI-linked mega cap valuations, with Nvidia recouping some of its historic market cap loss while, upon a day's reflection, China's budget startup DeepSeek looked less threatening to U.S. tech leadership. Nvidia gained almost 8% after a 17% slump wiped almost $600 billion off its value on Monday, a record for any company. Monday's slide in companies exposed to artificial intelligence collectively reduced the size of the market by more than $1 trillion.

BA earnings call for the period ending December 31, 2024.

JBLU earnings call for the period ending December 31, 2024.

The technology sector (XLK) is rebounding from losses earlier this week after the latest AI model from Chinese-owned DeepSeek sent chip stocks plunging. Allspring Global Investments Senior Portfolio Manager and Head of Capital Allocation Margie Patel joins Market Domination to discuss the tech sector outlook as the earnings season progresses. Patel acknowledges that she expected 2025 to "be a year of deceleration in growth" for tech, adding that there is still "uncertainty" regarding DeepSeek's impact. However, she notes that historically, new product entries into the tech market tend to create increased demand, "so everybody really benefits." Addressing valuation concerns in the tech sector, she points out that Big Tech PE ratios (price-earnings) have experienced "erosion" in recent months as investors worry about slowing growth and negative capital expenditure impacts. Nevertheless, Patel remains optimistic, projecting 20% earnings growth for the sector in 2025, which would "justify" current valuations. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith

It's already been an action-packed week in the market, with news surrounding DeepSeek spooking many investors in the beloved AI trade. What will be Microsoft's reaction?

Starbucks reported fiscal first-quarter results that topped analysts’ expectations, sending shares higher in extended trading Tuesday.

The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share. The business software company posted revenue of $255.8 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $253.5 million.

This story incorporates reporting from YAHOO!Finance, Yahoo Finance and MSN.Nvidia and other prominent tech stocks regained ground on Tuesday, following a sharp sell-off on Monday driven by concerns over artificial intelligence. The Nasdaq Composite surged over 1%, with significant contributions from tech companies. The S&P 500 rose 0.9%, while the Dow Jones Industrial Average made modest gains, increasing roughly 0.3%. This recovery effort comes after the tech-heavy Nasdaq experienced a 3% drop