Stock Movers Autodesk Jump; Dell and Caterpillar Drop; Petco Higher
Aug 29, 2025
Autodesk's stock skyrockets after exceeding earnings expectations and raising its forecasts, signaling a return to growth. Meanwhile, Dell faces a decline despite a revenue beat, with AI server sales dropping sharply. Caterpillar warns of significant tariff impacts, affecting its future outlook. In contrast, Petco's stock rises as upbeat guidance for the upcoming quarter shines a positive light on the pet food market. The podcast dives into these major market shifts and the strategies behind them.
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Autodesk's Big Reacceleration
- Autodesk delivered a rare, substantial beat and raised guidance, prompting broad price-target upgrades across major banks.
- Citi called it one of the strongest revenue/billings beats in years, signaling reaccelerating growth and faster profitability expansion.
Dell's AI Server Backlog Shock
- Dell beat estimates but showed a sharp drop in AI server orders and missed margin expectations, worrying investors about demand durability.
- The AI server backlog fell to $5.6 billion from $12.1 billion, creating sensitivity and concerns about client attrition.
Caterpillar's Tariff Headwind
- Caterpillar warned tariffs will hit results harder than expected, increasing near-term and 2025 headwinds materially.
- The company now expects roughly $500m–$600m impact in Q3 and $1.5b–$1.8b for 2025 from tariff clarifications.