UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the business it does with Amazon over the next 18 months.

United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling investors that a long-awaited rebound in demand for its parcel services won’t arrive this year and prompting it to slash its low-margin business with Amazon.

Following the market plunge triggered by the release of the DeepSeek chatbot, Nvidia has recovered a large portion of its losses.

Since Microsoft reported fiscal Q1 earnings on Oct. 30, Wall Street analysts have trimmed their Q2 estimates but are now more bullish on the stock. Of the 60 analysts surveyed by FactSet who cover Microsoft,