Stocks to Watch: Nvidia, CrowdStrike, Salesforce

Dow Jones08-27 17:42

Nvidia (NVDA): Shares of the world's most valuable company jumped 7% premarket after the chip maker said it expects 70% revenue growth in the company's 2028 fiscal year.

Super Micro Computer $(SMCI)$, Marvell Technology $(MRVL)$, Sandisk $(SNDK)$, Micron Technology $(MU)$: Shares of other companies tied to AI are getting a premarket boost from Nvidia's earnings.

CrowdStrike (CRWD): Growing cybersecurity demand from AI adoption propelled the company to what it described as its best quarter on record. Shares jumped 8% premarket.

Salesforce (CRM): The enterprise software maker reported rising demand for its AI and data offerings, prompting it to bump up its full-year sales and profit forecasts. Shares jumped 12% premarket.

Pernod Ricard (FR:RI): The French distiller of labels like Jameson whiskey and Absolut vodka said fading interest in boozing in the U.S. will continue to weigh on sales over the coming years, offsetting growing enthusiasm in newer drinking markets. Shares fell 6%.

Hormel Foods $(HRL)$, Dollar Tree $(DLTR)$ and Dollar General $(DG)$ are among the companies reporting earnings this morning. Gap $(GAP)$ will report after markets close.

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