WEBVTT - Nvidia Rallies Post-Earnings, Crowdstrike Jumps, Salesforce Soars

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<v Speaker 1>Bloomberg Audio Studios. Podcasts. Radio.

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<v Speaker 2>News.

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<v Speaker 1>The Stock Movers Report. Your roundup of companies making moves

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<v Speaker 1>in the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Tim Stanovick along with Lisa Mateo. We're joined by

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<v Speaker 1>Bloomberg News equities reporter Arvelis Bonilla-Ramos.

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<v Speaker 3>Arvelis, welcome. Welcome. I'm guessing NVIDIA is where you want

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<v Speaker 3>to start.

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<v Speaker 2>Yeah, of course. I mean, the big picture there is

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<v Speaker 2>that it's getting harder to really impress investors. The immediate

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<v Speaker 2>reaction right now from the market was negative. I believe,

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<v Speaker 2>I'm a little bit on the blind, but shares are

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<v Speaker 2>down more than 2%, or it might be a little

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<v Speaker 2>bit up now. They're really just fighting a little bit

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<v Speaker 2>in post-market trading. It was a bit in a race.

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<v Speaker 2>They had a really strong earnings, second quarter earnings, that

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<v Speaker 2>surpassed expectations. And the forecast for the third quarter is

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<v Speaker 2>also in line with what analysts, at least those compiled

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<v Speaker 2>by Bloomberg, are expecting. Worth noting that the stock was

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<v Speaker 2>up just about 12% here today, as of today's close,

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<v Speaker 2>but they were down during the day in intraday trading.

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<v Speaker 3>Yeah, it seemed a little bit of bouncing around in

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<v Speaker 3>the after hours, down four-tenths of 1% as we speak.

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<v Speaker 3>But like you said, it was bouncing around. NVIDIA, NVDA.

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<v Speaker 2>All right, let's get to Crash Strike, CRWD.

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<v Speaker 1>I'm looking at them on the upside, up about 11%

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<v Speaker 1>in after hours.

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<v Speaker 2>Yeah, shares are about, you're right, about 11% in post-market trading.

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<v Speaker 2>The company, this is, again, another bid and raise company.

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<v Speaker 2>And this CrowdStrike and Salesforce, which we get to a

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<v Speaker 2>little bit later, they provided a revenue forecast for the

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<v Speaker 2>full year that also exceeded analysts' estimates, which shows a

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<v Speaker 2>lot of demand for AI. So the big picture here

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<v Speaker 2>across these three companies today is AI and the forecast

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<v Speaker 2>and how analysts are sort of like digesting everything that's

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<v Speaker 2>happening there. The revenue for the quarter will be as

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<v Speaker 2>high as $ 1. 53 billion, and analysts on average were estimating $ 1. 52,

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<v Speaker 2>I mean, and also, again, according to estimates that we

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<v Speaker 2>compiled here at Bloomberg. Worth noting that the stock cross-strike

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<v Speaker 2>has risen as much as 62% or about 61% this

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<v Speaker 2>year as of the market's close.

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<v Speaker 3>I was just looking at that. It's pretty remarkable. Still,

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<v Speaker 3>we should note it's off its all-time highs from just

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<v Speaker 3>a few months. I mean, like close to two weeks

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<v Speaker 3>ago at this point, down about 17%, 18% from those highs.

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<v Speaker 3>But yeah, remarkable run so far this year for CrowdStrike.

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<v Speaker 1>And then cybersecurity, a big point for them too.

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<v Speaker 3>Totally.

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<v Speaker 2>And I mean, if we can flip now to Salesforce,

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<v Speaker 2>because cybersecurity and just like... That sort of conversation too,

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<v Speaker 2>that sticker CRM. Shares for Salesforce are up about 13%

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<v Speaker 2>in post-market trading, or at least that's where I left

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<v Speaker 2>it again. My worksheet here not working, but that's after,

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<v Speaker 2>you know, the software company gave also a very strong

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<v Speaker 2>revenue outlook, which sort of like shows that expansion and

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<v Speaker 2>deepening to also their partnership with Anthropic, which they had,

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<v Speaker 2>it's something called Cloud Force, a partnership that's sort of

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<v Speaker 2>like going to integrate a lot of the cloud, Salesforce,

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<v Speaker 2>and Slack into their systems.

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<v Speaker 1>Yeah.

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<v Speaker 3>Yeah, shares up in the after hours, you're right, by

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<v Speaker 3>just about 13%. Notable too, because so many people were

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<v Speaker 3>concerned and have been concerned about this being a one

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<v Speaker 3>of the casualties of the so-called SaaSpocalypse. Going into this print,

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<v Speaker 3>Salesforce shares down about 22% this year. But I mean,

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<v Speaker 3>that kind of hides the damage that you've seen in

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<v Speaker 3>Salesforce stock, not just this year, but really over the

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<v Speaker 3>past couple of years. This was a stock that in

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<v Speaker 3>2024 was trading at $ 363 a share. It's now down

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<v Speaker 3>to $ 205 a share. Not the move in the after

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<v Speaker 3>hours today, notwithstanding.

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<v Speaker 2>And that partnership with Anthropic, too, to kind of integrate

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<v Speaker 2>its products into cloud, that's a big move there. Yeah,

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<v Speaker 2>it's also very much like you were saying, like, what

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<v Speaker 2>was happening a couple months ago, it was a lot

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<v Speaker 2>of IT servicers and all these companies were very much

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<v Speaker 2>in that AI trade scare. And there was a lot of, like,

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<v Speaker 2>what we were sort of, like, watching. So this sort of, like, shows, like,

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<v Speaker 2>maybe this sort of, like, integration is another page for

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<v Speaker 2>these companies to sort of, like, pivot into to bring

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<v Speaker 2>those numbers up.

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<v Speaker 3>Our release, Bonia Ramos, equities reporter for Bloomberg News.

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