Stock Movers Nvidia Lower; Snowflake and Burlington Gain
Aug 28, 2025
Nvidia's shares dipped despite a solid revenue forecast, inciting speculation about the future of AI infrastructure investment. Meanwhile, Snowflake saw an uptick in its stock, propelled by a strong outlook that eases fears about the impact of economic downturns. Burlington Stores celebrated a rise in stock prices after a stellar earnings report and an optimistic yearly forecast. Additionally, Build-A-Bear Workshop is experiencing a resurgence with earnings surpassing expectations, showcasing nostalgia's enduring appeal in the current market.
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Nvidia Forecast Spurs Debate On AI Demand
- Nvidia reported roughly $54 billion in revenue, matching Wall Street but below some bullish forecasts which raised investor questions about AI spend pace.
- CEO Jensen Huang pushed back, forecasting $3–4 trillion in AI infrastructure spend by decade-end and announcing $60 billion more in buybacks.
Earnings Met But Expectations Varied
- Nvidia's quarter met estimates but fell short of some $60 billion projections, prompting investor concern about AI spending cadence and China-related risks.
- Reports about potential Blackwell chip sales to China added to market uncertainty despite buybacks and upbeat management commentary.
Snowflake Shows Software Resilience
- Snowflake delivered a strong outlook that calmed fears software vendors would suffer as the economy slows and AI startups poach customers.
- Management expects product revenue of about $4.4 billion for the fiscal year ending in January, signaling resilience in data-focused software.