Stock Movers Nvidia Beats Earnings; Salesforce Pullback; HP Guidance
May 29, 2025
Nvidia shares soar after a stellar earnings report, with expectations of $45 billion in revenue despite challenges from export restrictions. In contrast, Salesforce faces a decline despite raising its forecast, due in part to concerns over its acquisition strategy. Meanwhile, HP struggles with a disappointing profit outlook, impacted by a weaker economy and tariffs. On a brighter note, Kohl's reaffirms its outlook as it seeks new leadership after the recent CEO change.
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Nvidia's Resilient Growth Forecast
- Nvidia expects about $45 billion revenue in Q2 despite losing $8 billion in China due to export restrictions.
- CEO Jensen Wang predicts exponential growth in the AI computing market.
Salesforce Faces Integration Challenges
- Salesforce raised its annual forecast and is acquiring Informatica for about $8 billion to enhance AI deployment.
- Yet, shares fell due to concerns over integrating the acquisition and a downgrade by RBC Capital Markets.
HP's Earnings Outlook Weakens
- HP cut its annual profit outlook due to a weaker economy and US tariffs affecting production costs.
- Demand for computers is hurting amid industry-wide price increases and challenging economic conditions.