Nvidia's strong second-quarter earnings beat expectations, propelling stock futures higher and indicating continued investor interest in artificial intelligence.
Stocks surged as optimism built ahead of Nvidia's earnings report, despite disappointing economic data and mixed retail earnings, with Foot Locker's share price sliding and Abercrombie & Fitch beating expectations. Nvidia reported strong earnings, with revenue doubling, and investors are particularly interested in the company's comments on meeting the demand for AI chips and the future of the AI space.
Nvidia's stock reaches a new high as Wall Street analysts praise the company's strong earnings, which demonstrate that the artificial-intelligence industry is continuing to drive its growth.
Workday reported better-than-expected earnings for the second quarter, leading to a surge in stock prices during after-hours trading.
Salesforce and Broadcom are expected to release their quarterly results this week, with investors interested in seeing if their investments in artificial intelligence are proving successful.
Summary: Salesforce is set to report earnings, with the focus on artificial intelligence (AI) and margins.
Salesforce reported better-than-expected second quarter earnings, with beats on revenue, margins, and earnings per share, as the company's investments in artificial intelligence paid off.
Salesforce reports a strong quarter, leading to multiple price-target increases from analysts and a 6% jump in shares, while Dollar General sees a decline in results and slashes forward guidance.
Salesforce's shares rose as their quarterly earnings and revenue exceeded expectations, driven by cost cutting measures and improved operating margins, with the company's profitability surpassing its goals.
Dell Technologies reported better-than-expected earnings for its fiscal second quarter and gave a positive outlook for the current period, leading to a surge in its stock.
Despite market instability, corporate earnings estimates for the third quarter and beyond have been consistently raised, signaling optimism for the stock market's long-term performance.
C3.ai is set to report earnings, with expectations of a loss per share and a focus on how the stock will react to the news.