Premarket movers: Nvidia, Salesforce and CrowdStrike rally on earnings
Nvidia (NVDA) shares rose 7.4% premarket after reporting record Q2 revenue of $96.2B, up 106% YoY, and beating EPS estimates. CrowdStrike (CRWD) gained 8.9% on strong Q2 results and raised guidance. Salesforce (CRM) jumped 11% after exceeding earnings expectations. HP (HPQ) fell 10% despite revenue growth due to margin concerns. Okta (OKTA) surged 19.4% on strong Q2 earnings and new product demand.
How this was made
The 30-second read
Why it matters
Earnings beats across multiple AI and cybersecurity firms drive a broad tech rally, with Nvidia leading the charge.
Market read
The earnings releases provide fresh catalysts for short‑term trading opportunities in AI‑related equities.
What to watch
Potential supply‑chain constraints for hardware makers could temper Nvidia's growth.
Background
Morning pre‑market roundup highlighting major earnings beats in AI‑focused companies.
Ticker impact
Nvidia reported record Q2 revenue of $96.2B, EPS $2.22 and raised guidance, driving a 7.4% pre‑market surge.
Further upside expected in intraday trading; watch for pull‑back near resistance.
Earnings beat, massive revenue growth, and guidance above estimates underpin bullish sentiment.
Salesforce posted Q2 earnings of $5.90 EPS, revenue $11.35B, beating estimates and highlighting AI demand, sending shares up 11% pre‑market.
Potential continuation above current levels; monitor for profit‑taking.
Earnings beat and AI tailwinds provide clear catalyst.
CrowdStrike delivered Q2 2027 results with $1.47B revenue, $0.31 EPS, and record ARR, lifting shares 8.9% pre‑market.
Likely to test next resistance; watch for sector rotation.
Strong subscription growth and beat reinforce growth outlook.
Synopsys posted Q3 results beating estimates but shares fell 1.5% pre‑market, indicating muted reaction.
Sideways to slight downside pending broader market.
Despite beat, market reaction suggests expectations were met.
Okta reported Q2 2027 earnings of $1.05 EPS, $805M revenue, beating forecasts and driving a 19.4% pre‑market jump.
Potential for continued rally; watch for overbought levels.
Significant beat and product demand signal growth.
HP posted Q3 results with revenue $15.7B and EPS $0.83, but shares slid nearly 10% pre‑market due to margin concerns.
Further downside likely unless guidance improves.
Mixed fundamentals create uncertainty.
Market effects
AI and cybersecurity sectors gain momentum, supporting related stocks.
U.S. tech indices likely to open higher on earnings strength.
Positive AI earnings may lift global tech sentiment.
Counterpoint
High valuations could limit upside; watch for profit‑taking after rapid moves.
Key entities
- ExecutiveJensen Huang
CEO of Nvidia, quoted on AI demand.
- ExecutiveMarc Benioff
CEO of Salesforce, highlighted AI offerings.
