Earnings
Autodesk delivered stronger Q2 revenue, subscriptions and margins while raising its full-year revenue and billings outlook, but MaintainX dilution and below-consensus Q3 earnings guidance sent shares lower.
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
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.
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.
Innovation & Tech
Navitas Semiconductor is expanding deeper into AI data-center power infrastructure with a deal to acquire Claros for up to $232.8 million, more than doubling its identified 2030 addressable market while keeping its existing profitability timeline unchanged.
Macro
Technology has weakened ahead of two major market catalysts, with Nvidia earnings and Fed Chair Kevin Warsh’s Jackson Hole speech arriving as semiconductor stocks retreat and rate-hike expectations rise.
Sector
Micron and SanDisk fell sharply as reports of possible Chinese memory sourcing by Apple added pressure to an already weak semiconductor sector, while AMD declined ahead of Nvidia’s earnings despite receiving a bullish new Wall Street rating.
Business Trends
Nasdaq and the NYSE plan to expand U.S. stock trading to 23 hours a day starting Dec. 6, opening greater access for global investors while raising concerns about thin overnight liquidity, volatile prices and disadvantages for retail traders.