WEBVTT - Nvidia Surge; Salesforce and Crowdstrike Upside Moves

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio, news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>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 Nathan Hager, joined by Bloomberg's Ewan Potts. Oh, gosh,

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<v Speaker 1>where to start, Ewan?

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<v Speaker 3>Good morning. Good morning. Well, maybe we should kick off

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<v Speaker 3>with earnings from the world's most valuable company.

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<v Speaker 2>Oh, should we?

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<v Speaker 3>NVIDIA's revenue in the current period set to be $ 108 billion,

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<v Speaker 3>near enough beating analysts' estimates. Plenty of focus on the

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<v Speaker 3>chip giant's forecast. Investors questioning whether the AI boom still

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<v Speaker 3>has more road to run. And on that question, the

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<v Speaker 3>company said that sales will grow about 70% next fiscal year.

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<v Speaker 3>Investors also interested in Nvidia's margin. The company warning these

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<v Speaker 3>could narrow in the coming months as it copes with

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<v Speaker 3>a surge in memory costs. It expects those margins to

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<v Speaker 3>bottom out in the fiscal fourth quarter around about 71

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<v Speaker 3>to 72 percent. A bullish Jensen Wang, the Nvidia CEO,

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<v Speaker 3>saying that demand is only accelerating. He highlighted Nvidia's Vera

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<v Speaker 3>Rubin chip, which is now in full production. He says

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<v Speaker 3>the AI infrastructure build-out is, quote, at full steam. He

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<v Speaker 3>will be a happy man this morning. Unlike some other

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<v Speaker 3>recent earnings day moves, shares surging pre-market up nearly 7%

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<v Speaker 3>so far.

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<v Speaker 1>Yeah, and some other tech names are probably feeling pretty

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<v Speaker 1>happy as well. Even bigger moves to the upside for

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<v Speaker 1>Salesforce and Crownstrike.

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<v Speaker 3>Yeah, investors signaling their relief that maybe the SaaSpocalypse has

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<v Speaker 3>been overdone. The software company Salesforce giving an outlook for

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<v Speaker 3>strong revenue expansion and deepening its partnership with Claude AI

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<v Speaker 3>company Anthropic. Salesforce says that a key measure of future

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<v Speaker 3>sales will grow about 14% in the current quarter, ahead

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<v Speaker 3>of estimates for 13% growth. And that company's expanded partnership

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<v Speaker 3>with Anthropic will see it integrate Salesforce products within Claude,

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<v Speaker 3>allowing clients to access information on their customers and sales

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<v Speaker 3>cycles with the AI app. Plenty of buyers for Salesforce

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<v Speaker 3>shares this morning, gaining almost 12% pre-market. And sticking with

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<v Speaker 3>the software theme, CrowdStrike shares jumping as well as the

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<v Speaker 3>company projected revenue for the full year ahead of estimates.

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<v Speaker 3>Numbers being taken as evidence that the cybersecurity industry is

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<v Speaker 3>benefiting from AI-fueled demand. Cyber stocks have been rallying in

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<v Speaker 3>recent months with fears of AI-powered cyber attacks and breaches escalating.

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<v Speaker 3>That's bolstering demand for stronger defences. The CrowdStrike CEO saying

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<v Speaker 3>that the release of Anthropic's Mythos model and concerns about

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<v Speaker 3>its potency as a hacking tool has led to mass

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<v Speaker 3>market acceptance that AI adoption needs security. And markets are

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<v Speaker 3>only agreeing today. CrowdStrike shares gaining 9%.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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