On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower this morning after it gave a revenue forecast of roughly $54 billion for the fiscal third quarter, in line with the average Wall Street estimate but lower than some analysts' projections. The company's leadership rejected the notion that interest in deploying AI infrastructure was flagging, with Chief Executive Officer Jensen Huang saying "the opportunity ahead is immense" and predicting $3 trillion to $4 trillion in AI infrastructure spend by the end of the decade.
- Crowdstrike (CRWD) shares are lower after the software company gave an outlook for third-quarter revenue that was weaker than expected. The company also reported its second-quarter results, raised its full-year forecast and said it would acquire Onum.
- HP Inc. (HPQ) is lower after it gave a profit outlook for the current quarter that was in line with expectations, but investors remain concerned about the impact of economic uncertainty and higher costs tied to President Trump’s trade policies.
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