Business Trends
Micron shares moved lower even as Nvidia disclosed a sharp increase in commitments tied primarily to memory procurement, highlighting a split between strong AI-memory fundamentals and a memory trade that had already produced extraordinary stock gains.
Earnings
Nvidia’s fiscal Q2 revenue more than doubled as Data Center sales reached a record $89 billion. A roughly 70% fiscal 2028 growth outlook and supply constraints reinforced the scale of AI demand, sending Nvidia shares sharply higher.
Earnings
Best Buy topped second-quarter expectations and raised its fiscal 2027 outlook, but BBY stock fell nearly 5% as investors weighed slowing computing momentum, higher memory costs and tougher comparisons against improving sales and margins.
Earnings
Okta shares surged after stronger bookings, rising subscription backlog and higher guidance reinforced demand for identity security. New products represented about 30% of Q2 bookings as AI-agent security opened broader customer conversations.
Earnings
Salesforce shares surged after stronger bookings, accelerating AI revenue and higher fiscal 2027 guidance eased concerns about AI disruption. Agentforce and Data 360 ARR reached nearly $3.9 billion as cRPO growth accelerated to 14%.
Earnings
CrowdStrike delivered record net new annual recurring revenue as demand strengthened across its cybersecurity platform, prompting a higher fiscal 2027 outlook and a sharp rally in CRWD stock.
Business Trends
Meta reached a proposed multibillion-dollar settlement over youth safety claims involving Facebook and Instagram, replacing a potentially much larger legal exposure with defined payments and new restrictions on how younger users access its platforms.
Earnings
Intuit delivered stronger-than-expected quarterly results, but weaker fiscal 2027 growth guidance and plans to compete more aggressively on price pressured the stock as the company works to rebuild customer acquisition across TurboTax and QuickBooks.
Earnings
Zoom Communications beat second-quarter expectations and raised its full-year outlook, but softer third-quarter guidance sent shares lower as investors weighed stronger Enterprise and AI adoption against sluggish Online growth and margin pressure.
Earnings
Abercrombie & Fitch delivered record second-quarter sales and raised its full-year outlook. Tariff refunds boosted reported profit, but stronger margins, full-price selling and growth across brands and regions showed strength beyond the one-time benefit.
Sector
Dick’s Sporting Goods warned of heavier promotions and weaker footwear trends, sending Nike and On Holding lower as investors reassessed demand, product momentum and pricing across the athletic footwear industry.
Business Trends
United Airlines is adding 10 international cities to its 2027 summer schedule, building on strong overseas revenue even as broader travel demand cools and elevated fuel costs pressure the airline industry.