These stocks were poised to make moves Thursday:
Nvidia stock fell 5% in premarket trading. Nvidia Corp. failed to live up to investor hopes with its latest results on Wednesday, delivering an underwhelming forecast and news of production snags with its much-awaited Blackwell chips.
Moreover, Nvidia’s next big cash cow — the new Blackwell processor lineup — has proven more challenging to manufacture than anticipated. The product is the next generation of the company’s dominant artificial intelligence processor.
CrowdStrike shares fell more than 2% in premarket trading Thursday. The Cybersecurity firm cut its revenue and profit forecasts on Wednesday in the aftermath of a July global outage due to its faulty software update, and said the environment would remain challenging for about a year.
The outage disrupted internet services, affecting 8.5 million Microsoft Windows devices and causing mass flight cancellations.
Affirm shares jumped 16.6% in premarket trading Thursday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results.
Revenue climbed 48% from a year earlier, and Affirm's net loss narrowed to $45.1 million from $206 million in the same period a year ago. The company's active merchant count hit more than 300,000 and active consumers also grew 19% to 18.6 million.
Super Micro Computer shares dropped another 5% in premarket trading Thursday. The AI server maker delayed the filing of its annual report, citing a need to assess "its internal controls over financial reporting," sending shares down 19% on Wednesday.
The delay comes one day after short-seller Hindenburg Research said it had taken a short position in the stock, alleging "accounting manipulation" at the company. Since peaking in mid-March, Super Micro shares have been in a downward spiral, losing nearly two-thirds of their value following a boom in AI stocks.
Salesforce shares rose 5% in premarket trading Thursday following the results. Salesforce Inc. did what it needed to do with its latest earnings report, as the company boosted its margin outlook while keeping its revenue forecast intact.
The margin upside was key as Salesforce has been reorienting its narrative more around profits. Meanwhile, some analysts feared another cut to Salesforce’s revenue outlook, so the company’s ability to maintain its full-year view for subscription and support sales came as a relief during a challenging period in the software sector.
HP Inc. slipped about 3% in premarket trading Thursday after cutting its full-year profit outlook on a continued downturn in its printing unit. The disappointing profit forecast overshadowed the company’s first revenue gain in two years, suggesting an end to a long slump in demand for personal computers.
Okta Inc.’s stock tumbled 7.8% in premarket trading Thursday, after the secure-identity cloud company’s fiscal second-quarter earnings beat estimates, but guidance was mixed. San Francisco-based Otka had net income of $9 million, or 15 cents a share, for the quarter to July 31, after a loss of $111 million, or 68 cents a share, in the year-earlier period. Adjusted for one-time items, EPS came to 72 cents, ahead of the 61-cent FactSet consensus.
Shares of BioCardia soared 105% in premarket trading Thursday following news the Food and Drug Administration has cleared to market the company's Morph DNA Steerable Introducer product family.
Nutanix shares soared 16.7% in premarket trading Thursday after the hybrid multicloud computing company reported fiscal fourth-quarter results that exceeded analyst expectations and provided an upbeat outlook for fiscal 2025.
