Speaker 1: Bloomberg Audio Studios. Podcasts. Radio.
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Speaker 1: The Stock Movers Report. Your roundup of companies making moves
Speaker 1: in the stock market. Harnessing the power of Bloomberg data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tim Stanovick along with Lisa Mateo. We're joined by
Speaker 1: Bloomberg News equities reporter Arvelis Bonilla-Ramos.
Speaker 3: Arvelis, welcome. Welcome. I'm guessing NVIDIA is where you want
Speaker 3: to start.
Speaker 2: Yeah, of course. I mean, the big picture there is
Speaker 2: that it's getting harder to really impress investors. The immediate
Speaker 2: reaction right now from the market was negative. I believe,
Speaker 2: I'm a little bit on the blind, but shares are
Speaker 2: down more than 2%, or it might be a little
Speaker 2: bit up now. They're really just fighting a little bit
Speaker 2: in post-market trading. It was a bit in a race.
Speaker 2: They had a really strong earnings, second quarter earnings, that
Speaker 2: surpassed expectations. And the forecast for the third quarter is
Speaker 2: also in line with what analysts, at least those compiled
Speaker 2: by Bloomberg, are expecting. Worth noting that the stock was
Speaker 2: up just about 12% here today, as of today's close,
Speaker 2: but they were down during the day in intraday trading.
Speaker 3: Yeah, it seemed a little bit of bouncing around in
Speaker 3: the after hours, down four-tenths of 1% as we speak.
Speaker 3: But like you said, it was bouncing around. NVIDIA, NVDA.
Speaker 2: All right, let's get to Crash Strike, CRWD.
Speaker 1: I'm looking at them on the upside, up about 11%
Speaker 1: in after hours.
Speaker 2: Yeah, shares are about, you're right, about 11% in post-market trading.
Speaker 2: The company, this is, again, another bid and raise company.
Speaker 2: And this CrowdStrike and Salesforce, which we get to a
Speaker 2: little bit later, they provided a revenue forecast for the
Speaker 2: full year that also exceeded analysts' estimates, which shows a
Speaker 2: lot of demand for AI. So the big picture here
Speaker 2: across these three companies today is AI and the forecast
Speaker 2: and how analysts are sort of like digesting everything that's
Speaker 2: happening there. The revenue for the quarter will be as
Speaker 2: high as $ 1. 53 billion, and analysts on average were estimating $ 1. 52,
Speaker 2: I mean, and also, again, according to estimates that we
Speaker 2: compiled here at Bloomberg. Worth noting that the stock cross-strike
Speaker 2: has risen as much as 62% or about 61% this
Speaker 2: year as of the market's close.
Speaker 3: I was just looking at that. It's pretty remarkable. Still,
Speaker 3: we should note it's off its all-time highs from just
Speaker 3: a few months. I mean, like close to two weeks
Speaker 3: ago at this point, down about 17%, 18% from those highs.
Speaker 3: But yeah, remarkable run so far this year for CrowdStrike.
Speaker 1: And then cybersecurity, a big point for them too.
Speaker 3: Totally.
Speaker 2: And I mean, if we can flip now to Salesforce,
Speaker 2: because cybersecurity and just like... That sort of conversation too,
Speaker 2: that sticker CRM. Shares for Salesforce are up about 13%
Speaker 2: in post-market trading, or at least that's where I left
Speaker 2: it again. My worksheet here not working, but that's after,
Speaker 2: you know, the software company gave also a very strong
Speaker 2: revenue outlook, which sort of like shows that expansion and
Speaker 2: deepening to also their partnership with Anthropic, which they had,
Speaker 2: it's something called Cloud Force, a partnership that's sort of
Speaker 2: like going to integrate a lot of the cloud, Salesforce,
Speaker 2: and Slack into their systems.
Speaker 1: Yeah.
Speaker 3: Yeah, shares up in the after hours, you're right, by
Speaker 3: just about 13%. Notable too, because so many people were
Speaker 3: concerned and have been concerned about this being a one
Speaker 3: of the casualties of the so-called SaaSpocalypse. Going into this print,
Speaker 3: Salesforce shares down about 22% this year. But I mean,
Speaker 3: that kind of hides the damage that you've seen in
Speaker 3: Salesforce stock, not just this year, but really over the
Speaker 3: past couple of years. This was a stock that in
Speaker 3: 2024 was trading at $ 363 a share. It's now down
Speaker 3: to $ 205 a share. Not the move in the after
Speaker 3: hours today, notwithstanding.
Speaker 2: And that partnership with Anthropic, too, to kind of integrate
Speaker 2: its products into cloud, that's a big move there. Yeah,
Speaker 2: it's also very much like you were saying, like, what
Speaker 2: was happening a couple months ago, it was a lot
Speaker 2: of IT servicers and all these companies were very much
Speaker 2: in that AI trade scare. And there was a lot of, like,
Speaker 2: what we were sort of, like, watching. So this sort of, like, shows, like,
Speaker 2: maybe this sort of, like, integration is another page for
Speaker 2: these companies to sort of, like, pivot into to bring
Speaker 2: those numbers up.
Speaker 3: Our release, Bonia Ramos, equities reporter for Bloomberg News.
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