Chipotle reported earnings results that beat Wall Street estimates, but gave underwhelming full-year guidance.

For the last three months of 2025, Chipotle reported:

• Adjusted earnings per share of $0.25, compared to the $0.24 analysts polled by FactSet were expecting.

• Revenue of $3 billion, a bit higher than the $2.9 billion the Street was penciling in.

• A comparable-store sales decline of 2.5%, less than the 2.9% decline the Street was expecting.

For the full year in 2026, Chipotle expects:

• Comparable-store sales to be flat, compared to the 1.7% growth analysts were expecting.

Chipotle has struggled to spark sales over the past year and has previously cited strained consumers as a major headwind. The company fell more than 9% in after-hours trading shortly after the report was released.

“Grand Theft Auto” and “NBA 2K” maker Take-Two reported results for its fiscal third quarter on Tuesday. Its shares climbed about 4% in after-hours trading.

The company posted net bookings, or the amount customers spent on its products, of $1.76 billion, up 28% from the same quarter last year. Wall Street analysts polled by FactSet expected $1.58 billion. In November, Take-Two guided for Q3 net bookings of between $1.55 billion and $1.6 billion.

Take-Two hiked its full-year bookings outlook to between $6.65 billion and $6.7 billion, up from a range of $6.4 billion to $6.5 billion. The new outlook compares to Wall Street’s $6.47 billion estimate. The gaming giant trimmed its full-year net loss guidance to between $369 million and $338 million (prior guidance: between $414 million and $349 million).

In its last quarter, Take-Two pushed back the planned release date of “Grand Theft Auto 6” from May 2026 to November 19, 2026. The company reaffirmed that date in Tuesday’s report. The game’s last trailer came in May 2025.

Shares of Take-Two and other major gaming companies have been sinking since late last week as investors react to early showcases of Google’s Project Genie, which allows users to generate interactive, “playable” worlds with a text or image prompt. As of Tuesday’s close, Take-Two has shed nearly $6 billion in market cap since Project Genie was released.

Analysts have called the market reaction unjustified, saying that the tool doesn’t allow for meaningful interactivity or replay-ability. According to mBank analyst Piotr Poniatowski, Project Genie is — at the moment — essentially a “one-minute-long walking simulator generator.”

Nvidia is on track for its worst loss since late November, with shares extending losses after CEO Jensen Huang said the chip designer’s plan to invest in OpenAI is “on track.”

“There’s no drama involved,” he told CNBC. “Everything’s on track.”

With all due respect, there’s definitely some drama.

On Friday, The Wall Street Journal reported that Nvidia’s plans to invest up to $100 billion in OpenAI had stalled; shortly thereafter, Huang said the letter of intent announced by the two sides in September was “never a commitment,” but that the company still planned to participate in OpenAI’s upcoming funding round.

Then, a whopping eight sources told Reuters that OpenAI is “unsatisfied” with Nvidia’s latest AI chips, and particularly their inference capabilities.

CEO Sam Altman took to X to call the reporting around his firm and the most valuable publicly traded company in the world “insanity.”

Spotify is on pace for its worst trading day since July, with shares down more than 8% on Tuesday afternoon.

Major after-hours block trades from Monday appear to be driving negative momentum on Tuesday. At 4:52 p.m. ET Monday, 300,000 shares of Spotify were traded at $508.58 each, a $152.6 million exodus. That represents about 12% of the average daily trading volume for Spotify over the past 20 sessions.

Less than an hour earlier, just after Monday’s close, 131,757 shares were sold at the same price point. Together, the two trades represent about a $220 million withdrawal from the music streamer.

Spotify is expected to report its fourth-quarter and full-year earnings results a week from Tuesday. This month marks the company’s third US subscription price hike in the past three years.

Bitcoin dropped to its lowest level since November 6, 2024, the day after the US presidential election, when it had been in ascendance amid unbridled enthusiasm about the incoming “crypto president.”

While the asset had a quick rebound from the weekend bloodbath, it is now down 2.2% in the past hour, which has brought the price below its lows seen in the sessions following the announcement of reciprocal tariffs on “Liberation Day” in April 2025.

It briefly broke below $74,000 and, according to Bernstein analyst Gautam Chhugani, could still “bottom out” in the $60,000 levels.

Several experts said bitcoin was in the throes of a bear market, including Bitwise CIO Matt Hougan, who nevertheless said it was “close to an end.”

Bitfinex analysts said that the broader flow picture suggests a clear risk-off rotation, with investors reallocating toward cash and gold amid rising macroeconomic and political uncertainty.

“In this environment, the lack of ETF absorption has amplified downside volatility, reinforcing the importance of institutional spot demand as a stabilizing force during periods of market stress,” they said.

The price of solana is trading at $100, a nearly two-year low, but Standard Chartered forecasts that the token will climb to $250 by the end of 2026. 

Geoff Kendrick, the bank’s global head of digital asset research, pointed to flows on decentralized exchanges on solana beginning to shift from meme coins to solana-stablecoin pairs, aided by AI-driven micropayments. 

“AI-driven micropayments using stablecoins are starting to demonstrate that the ‘order of magnitude’ cost reduction on solana can enable entirely new markets (in this case micropayments) to develop,” Kendrick wrote in a Tuesday note. 

Market-implied probabilities derived from event contracts show that investors think there’s a 30% chance the token will go lower than $40 in 2026. On the bullish side, traders are pricing in a 41% chance it will climb higher that $200 in the same period.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Even though the firm expects solana to trade significantly higher by the end of the year, the firm lowered its initial forecast of $310 and predicts the token will underperform ethereum in the next two years.

“Beyond that, if it achieves sufficient scale, we think SOL will be due for a catch-up as this new market takes shape,” Kendrick said.

On a longer horizon, Standard Chartered predicts the token will climb to $2,000 by 2030.

Opendoor Technologies is surging on Tuesday on a double dose of good news: a report that mortgage loan growth is soaring and a potential plan to boost US housing supply.

Speaking on CNBC, Rocket Companies CEO Varun Krishna said his firm is “on track to produce the highest mortgage loan volume and the highest gain on sale in four years.”

Separately, Bloomberg reports that US developers are pursuing a “Trump Homes” plan to build up to 1 million homes (or $250 billion in housing) in a bid to make homeownership more accessible. Shares of Lennar and Taylor Morrison, which are both said to be involved with this program, are up on this report.

The Trump Homes plan is being discussed by developers, and Bloomberg reports that “the administration is not actively considering the plan, a White House official said, speaking on condition of anonymity.”

A more active real estate market is music to the ears of Opendoor bulls. Following its Q3 earnings report, new CEO Kaz Nejatian indicated that his plan to turn around the online real estate company involved a high-volume strategy: buying more homes faster, and quickly flipping them for a small profit. The company has significantly expanded its homebuying footprint to include the entire Lower 48 states.

The US housing market — or at the very least resale activity — is thawing after a long freeze.

Shares of Rocket Companies are soaring on Tuesday after CEO Varun Krishna told CNBC that the firm is “on track to produce the highest mortgage loan volume and the highest gain on sale in four years.” Rocket, he added, was “right there to capitalize” on the drop in mortgage rates.

Per Realtor.com, the share of US homeowners with mortgage rates above 6% now exceeds those with rates below 3%. This points to a diminished “lock-in” effect that dampened resale activity in the postpandemic economy.