CEO Brian Cornell in a release cited "a very challenging environment," with groceries, beauty items and household essentials lifting sales as consumers focused on necessities.
Block stock rose slightly in extended trading after the payments company reported fourth-quarter revenue and gross profit that beat Wall Street's expectations.
Nvidia has increasingly been seen by investors as one of the chip stocks best positioned to endure an economic slowdown that hurts PC and semiconductor sales.
Lucid built just 7,000 of its Air luxury sedans last year amid manufacturing challenges but expects to make between 10,000 and 14,000 vehicles in 2023.
Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.