Premarket movers: Nvidia, Salesforce and CrowdStrike rally on earnings

Investing.com - U.S. stock futures were broadly higher on Thursday after Nvidia’s upbeat quarterly results reignited investor enthusiasm for artificial intelligence, while traders looked ahead to a key speech from Federal Reserve Chair Kevin Warsh for further clues on the path for interest rates.

By 06:02 ET (10:02 GMT), the Dow futures contract had fallen 34 points, or 0.1%, while S&P 500 futures had gained 33 points, or 0.4%, and Nasdaq 100 futures had risen 300 points, or 1.0%.

Here are some of the biggest premarket U.S. stock movers today:

Nvidia stock surged 7.4% in pre-open trading after the chip giant delivered another record-breaking quarter that beat Wall Street expectations across the board and issued a forecast that significantly exceeded estimates.

Revenue for the quarter ended July 26 reached $96.2 billion, up 106% from a year earlier and ahead of consensus of roughly $92 billion. Adjusted earnings per share came in at $2.22, beating estimates of $2.08-$2.09 by about 6.7%.

The results marked Nvidia’s 15th consecutive quarter of beating analyst expectations, reinforcing investor confidence in the AI spending boom and providing a fresh catalyst for technology stocks.

Synopsys shares fell 1.5% in premarket trading to $404 despite the chip-design software company reporting better-than-expected fiscal third-quarter results and raising its full-year outlook.

Synopsys reported non-GAAP EPS of $3.91, above the $3.67 consensus estimate, while revenue rose 42% year-over-year to $2.477 billion, topping expectations of $2.44 billion.

The company also raised its fiscal 2026 revenue guidance to $9.69 billion-$9.74 billion and lifted its non-GAAP EPS forecast to $15.04-$15.10. The muted share reaction suggests investors had already priced in a strong report.

CrowdStrike shares jumped 8.9% in pre-open trading after the cybersecurity company delivered fiscal second-quarter 2027 results that beat expectations across the board and raised its full-year outlook.

Revenue for the quarter ended July 31 increased 26% year-over-year to $1.47 billion, exceeding the $1.44 billion consensus, while adjusted EPS of $0.31 topped estimates of $0.29.

The biggest highlight was net new annual recurring revenue, which reached a record $333 million, up 51% from a year earlier and more than $45 million above the midpoint of the company’s own guidance. Total ending ARR reached $5.84 billion, marking a fourth consecutive quarter of accelerating growth.

HP shares slid nearly 10% in premarket trading after the PC and printer maker’s fiscal third-quarter results and outlook raised concerns about margins and the underlying strength of demand.

HP reported revenue of $15.7 billion, up 12.5% year-over-year and well above the roughly $14.34 billion consensus. Adjusted EPS of $0.83 also topped the $0.66 estimate.

However, both figures benefited from an $0.11-per-share boost from tariff refunds, while PC unit volumes fell 16% year-over-year. That suggested much of the revenue growth came from higher prices and a richer product mix rather than stronger underlying demand.

For the fourth quarter, HP forecast adjusted EPS of $0.69-$0.79, above the $0.67 consensus. But the guidance includes an estimated $0.08-per-share tariff benefit, meaning the underlying midpoint would fall below Wall Street expectations. Personal Systems operating margin also declined to 4.6% amid higher memory and storage costs.

Okta shares surged 19.4% in pre-open trading after the identity and access management company posted a strong fiscal second-quarter 2027 report that beat expectations on both earnings and revenue.

Adjusted EPS came in at $1.05, compared with consensus of about $0.97, while revenue rose 11% year-over-year to $805 million, topping forecasts of roughly $793 million-$795 million.

Investors were particularly encouraged by bookings for newer products, which accounted for about 30% of total bookings. Okta Identity Governance was a key contributor, while deals involving at least one new product generated average contract values that were roughly 40% higher.

Salesforce shares jumped 11% in premarket trading after the enterprise software company reported quarterly results that exceeded Wall Street expectations, with demand for its artificial intelligence offerings providing a key boost.

Salesforce reported adjusted earnings per share of $5.90, well above the analyst estimate of $3.27. Revenue rose 11% year-over-year to $11.35 billion, narrowly topping expectations of $11.33 billion.

The results add to a broader wave of enthusiasm around enterprise AI spending, with Salesforce joining Nvidia and CrowdStrike in providing investors with fresh evidence that corporate demand for AI-related technology remains robust.

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