Nvidia's stock surged 9% after reporting second-quarter revenue of $96.22 billion, exceeding analyst expectations of $92.17 billion, and projecting third-quarter revenue of $108 billion. Veeva Systems also saw a 16% increase in its stock after beating earnings estimates and providing positive guidance for the upcoming quarter.
In contrast, HP's shares fell 4% despite beating revenue expectations, as analysts raised concerns about rising memory chip costs and demand pressures. Moderna's stock dropped 4% following its announcement of a $2 billion convertible senior notes sale. Celsius Holdings fell nearly 6% after a downgrade from Deutsche Bank, citing ongoing fundamental challenges.
Dollar General's stock rose 5% after it raised its full-year earnings guidance, while Dollar Tree's shares dropped over 2% despite a strong quarterly performance, as management warned of profit margin pressures. Burlington Stores and Best Buy both saw declines of 6% and 4%, respectively, despite reporting earnings that beat expectations, with analysts cautious about future profit margins.
Wendy's stock plummeted 13% after news that Trian Fund Management would not pursue a buyout. Conversely, Salesforce and Okta experienced substantial gains of 21% and over 27%, respectively, after both companies reported strong earnings that surpassed analyst forecasts.
CrowdStrike's shares rose nearly 19% following a positive earnings report, while Hormel Foods and Everpure saw declines of 9% and 7%, respectively, due to disappointing guidance and performance metrics