Coca-Cola Tops Q1 Estimates, GM Raises Outlook, OpenAI-Linked Stocks Slide
In a mixed session for stocks, Coca-Cola (KO) reported first-quarter earnings that exceeded analyst expectations, driven by strong demand for its beverages. General Motors (GM) boosted its full-year profit outlook by $500 million, citing resilient sales of pickups and SUVs despite rising gas prices linked to geopolitical tensions. Meanwhile, shares of companies tied to OpenAI, including SoftBank Group and Oracle, slumped after a report that the AI startup missed internal targets for sales and user growth, reigniting concerns about AI spending sustainability.