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Pre-Market Performance
U.S. equity futures were mixed but tilted positive in growth shares, with AI-related strength lifting the Nasdaq 100 contract. Nasdaq 100 futures rose 266.0 points, or 0.91%, to 29,555.5; S&P 500 futures gained 31.5 points, or 0.41%, to 7,721.5; Dow futures were nearly flat, down 3.0 points, or 0.01%, to 53,518.0.
European trading was uneven. The FTSE 100 fell 41.84 points, or 0.38%, to 10,836.28; France's CAC 40 declined 81.02 points, or 0.96%, to 8,381.37; Germany's DAX advanced 97.54 points, or 0.37%, to 26,383.50.
Commodity markets remained focused on Middle East shipping headlines. Brent crude was last reported around $88.35 per barrel, up 0.58%, while WTI crude traded near $82.41, up 0.22%, after both benchmarks reversed earlier losses tied to expectations for progress on Strait of Hormuz access. Gold traded around $4,662.25 per ounce, up 0.19%, while the U.S. Dollar Index was near 99.08, down 0.01%.
Hot News
- AI earnings reset pre-market risk appetite. Nvidia's post-close results delivered another large upside signal for AI infrastructure demand, helping Nasdaq 100 futures outperform the broader market and reinforcing the market's focus on AI compute spending.
- Oil volatility remains tied to Strait of Hormuz negotiations. Crude initially extended declines as investors priced in the possibility that talks involving Iran and regional counterparts could ease supply disruptions, but prices later firmed as traders weighed execution risk and lingering geopolitical uncertainty. Brent earlier fell as low as roughly $86.22, while WTI touched around $80.65 before recovering.
- Europe trades mixed as tech support offsets cyclical weakness. AI-linked sentiment helped parts of the European market, but pressure in consumer goods, chemicals and autos kept the broader tone uneven, with the DAX outperforming while the CAC 40 lagged.
- Gold and the dollar remain key cross-asset signals. Gold held near elevated levels while the dollar index stayed close to 99, suggesting investors are still balancing AI-led equity optimism against inflation, rates and currency-debasement concerns.
U.S. Stock Focus
- Nvidia — Q2 revenue more than doubles on data-center demand. Nvidia reported second-quarter fiscal 2027 revenue of $96.2 billion, up 18% sequentially and 106% from a year earlier. Data-center revenue reached $89.0 billion, up 117% year over year, with GAAP and non-GAAP diluted EPS of $2.46 and $2.22, respectively.
- Salesforce — cRPO growth accelerates and FY27 revenue guidance rises. Salesforce reported fiscal second-quarter revenue of $11.3 billion, up 11% year over year, including a $456 million contribution from Informatica. Current remaining performance obligation rose 14% in constant currency to $33.5 billion, and the company raised fiscal 2027 revenue guidance by $200 million, or $300 million in constant currency.
- CrowdStrike — record net new ARR supports cybersecurity demand. CrowdStrike posted fiscal second-quarter revenue of $1.47 billion, up 26% year over year, while annual recurring revenue increased 25% to $5.84 billion. Net new ARR reached a record $333 million, and free cash flow was $377 million.
- Okta — identity demand drives revenue, RPO and cash-flow growth. Okta reported second-quarter revenue of $805 million, up 11% year over year, with subscription revenue up 12% to $793 million. Remaining performance obligations rose 17% to $4.858 billion, while free cash flow reached $227 million.
- HP Inc. — revenue beats as company raises EPS and free-cash-flow outlook. HP reported fiscal third-quarter net revenue of $15.7 billion, up 12.5% year over year, and non-GAAP diluted EPS of $0.83. Free cash flow was $1.6 billion, and the company raised its fiscal 2026 EPS and free-cash-flow outlook.
- Nutanix — Q4 revenue and ARR rise double digits. Nutanix reported fiscal fourth-quarter revenue of $757.1 million, up 16% year over year, with annual recurring revenue of $2.55 billion, also up 16%. The company guided fiscal 2027 revenue to $3.180 billion to $3.230 billion and free cash flow to $850 million to $950 million.
- Synopsys — raises full-year targets on AI-driven design demand. Synopsys posted fiscal third-quarter revenue of $2.477 billion, compared with $1.740 billion a year earlier. Non-GAAP EPS was $3.91, and the company raised full-year revenue expectations to $9.715 billion at the midpoint.
- Veeva Systems — life-sciences cloud revenue reaches $928 million. Veeva reported fiscal second-quarter revenue of $927.96 million, with subscription revenue of $766.76 million. The company updated fiscal 2027 revenue guidance to $3.682 billion to $3.687 billion, with non-GAAP operating income expected at about $1.64 billion.
- Dollar General — Q2 sales and EPS rise as guidance is lifted. Dollar General reported second-quarter net sales of $11.3 billion, up 5.2% year over year, with same-store sales up 3.5%. Operating profit increased 29.2% to $769.2 million, and diluted EPS rose 33.3% to $2.48.
- Hormel Foods — adjusted EPS outlook raised after Q3 results. Hormel reported fiscal third-quarter net sales of $2.96 billion and adjusted diluted EPS of $0.37. The company raised and narrowed its adjusted EPS outlook following what it described as a solid quarter and strong year-to-date performance.
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