Associated Press:
Social media addiction trial: 20-year-old plaintiff KGM testifies her social media use, which began in childhood, exacerbated depression and suicidal thoughts  —  A young woman who is battling against social media giants took the stand Thursday to testify about her experience using the platforms …

Reuters:
CoreWeave reports Q4 revenue up 110% YoY to $1.57B, vs. $1.55B est., and adjusted loss of $284M, vs. $258.9M est.; CRWV drops 5%+ after hours  —  CoreWeave (CRWV.O) beat Wall Street estimates for quarterly revenue on Thursday, benefiting from the artificial intelligence boom that has driven companies …

Jaspreet Singh / Reuters:
Dell reports Q4 revenue up 39% YoY to $33.4B, vs. $31.73B est., and forecasts FY 2027 revenue above estimates; DELL jumps 10%+ after hours  —  Dell (DELL.N) forecast fiscal 2027 revenue above Wall Street estimates on Thursday, betting on growing demand for its artificial intelligence-optimized servers …

Annie Palmer / CNBC:
Block says it is laying off more than 4,000 of its 10,000+ employees; XYZ jumps 19%+ in extended trading  —  Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.  The stock skyrocketed more than 24% in extended trading.

The Information:
Sources: Meta last week scrapped the most advanced AI chip it was developing, after struggling with the design, and shifted its focus to a less complicated chip  —  As Meta Platforms strikes new chip supply deals with AMD and Nvidia, it has been running into problems with AI chips it is designing internally …