Stock futures are pointing to a higher open Wednesday after the major indexes posted slight gains to kick off the holiday-shortened trading week; Berkshire Hathaway slashed its stake in Amazon and also sold shares in Apple and Bank of America during Warren Buffett's last quarter as CEO; shares of Palo Alto Networks are losing ground after the cybersecurity firm issued a disappointing profit outlook; shares of chipmaker Analog Devices and chip design software provider Cadence were surging after their earnings reports; and Applied Digital stock is tumbling following news that Nvidia sold its stake in the company in the fourth quarter. Here's what you need to know today.

Stock futures are gaining ground this morning as investors digest a steady flow of earnings reports and disclosures from major investors. (see below). Futures tied to the Dow Jones Industrial Average and S&P 500 were recently up 0.2% and 0.4%, respectively, while those linked to the tech-heavy Nasdaq added 0.5%. Each of the major indexes posted modest gains yesterday following the break on Monday for Presidents' Day. Stocks were coming off their biggest weekly losses of 2026. Gold futures were up 0.7% at $4,945 an ounce in recent trading, while WTI futures, the U.S. crude oil benchmark, jumped 2.7% to $64 per barrel. Bitcoin was little changed at around $68,000 as the cryptocurrency's recent volatility looks to have settled, with prices ranging between $65,000 and $70,000 for the last week or so. The yield on the 10-year Treasury note, which affects interest rates on all sorts of loans, was at 4.07%, up from 4.05% at yesterday's close.

Berkshire Hathaway's quarterly 13F report was released after the closing bell yesterday, revealing the changes in the company's investment portfolio in Warren Buffett's final quarter as CEO. The firm sold about 10.3 million shares, or 4%, of its longtime stake in Apple (AAPL), which it has been trimming often in recent years, along with 7.7 million shares, which amounts to 75% of its stake in Amazon (AMZN). Berkshire also again sold some of its stake in Bank of America (BAC), while initiating a stake in the New York Times Company (NYT) of just over 5 million shares, worth about $350 million.

Palo Alto Networks (PANW) shares are sinking this morning after the cybersecurity software provider's profit outlook disappointed. The company's fiscal second quarter revenue of $2.59 billion and adjusted earnings per share of $1.03 each came in just above what analysts had forecast. While the company lifted its outlook for its revenue and contract backlog for the full year, it also lowered its profit forecast. The outlook is affected by the impacts of integrating two recent acquisitions, which will boost sales but also increase costs. Shares of Palo Alto Networks were down more than 7% recently at their lowest level since last April, extending a recent slide as software stocks have had a rough start to the year.

Shares of chip design software firm Cadence Design Systems (CDNS) and chipmaker Analog Devices (ADI) surged Wednesday after the companies beat estimates in their latest quarterly earnings. Cadence reported revenue of $1.44 billion and adjusted EPS of $1.99, each up year-over-year and above what analysts had forecast. Cadence's outlook for 2026 also came in largely above expectations. Analog Devices also beat estimates with revenue of $3.16 billion and adjusted earnings of $2.46 per share. Shares of each company were up about 6% in recent premarket trading.

Another 13F report released yesterday was from Nvidia (NVDA), the AI chip giant whose investments in other AI companies have boosted a number of stocks in recent years. In its latest filing, Nvidia disclosed that in the fourth quarter of 2025 it sold its stakes in Applied Digital (APLD), Arm Holdings (ARM), Recursion Pharmaceuticals (RXRX) and WeRide (WRD). Shares of Applied Digital, Recursion, and WeRide each fell Wednesday morning. Nvidia kept its stakes in CoreWeave (CRWV) and the Nebius Group (NBIS) unchanged, while opening stakes in Nokia (NOK) and Synopsys (SNPS) worth about $1.08 billion and $2.26 billion, respectively, in the quarter.

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