On this episode of Stock Movers:
- Nvidia (NVDA) shares are higher this morning after a positive earnings report showing it expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. Nvidia is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment.
- Salesforce (CRM) is lower this morning despite raising its annual forecast. It's acquiring Informatica for about $8 billion to help customers implement AI tools sooner, and its fiscal first-quarter revenue increased 8% to $9.8 billion, exceeding Wall Street estimates. However, it's uncertain how it will integrate the company into
- HP (HPQ) is down this morning after its profit outlook fell short of estimates and it cut its annual earnings forecast due to a weaker economy and continuing costs from US tariffs on goods from China.
- Synopsys (SNPS) share are down after its adjusted EPS missed estimates and on a report the US Commerce Department told Electronic Design Automation groups including Cadence, Synopsys and Siemens EDA to stop supplying their technology to China. That's according to the Financial Times.
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