Tech Stocks Surge in After-Hours Trading: Nvidia, Salesforce, and CrowdStrike Lead the Pack

Stocks making the biggest moves premarket: Nvidia, Salesforce, CrowdStrike, HP Inc. and more

Check out the companies making headlines in premarket trading. Nvidia -- The chip designer and artificial intelligence bellwether slipped more than 4% despite surpassing Wall Street estimates on the top and bottom line in its fiscal second quarter. Nvidia earned 68 cents per share on revenue of $30.04 billion, while analysts polled by LSEG forecast 64 cents and $28.7 billion. The company's third-quarter revenue outlook, which would represent 80% growth compared to the same period a year ago, failed to meet the higher end of investor's expectations and would mark a slowdown vs the July quarter. Salesforce -- Shares jumped 5% on the back of second-quarter earnings and revenue that beat analyst expectations . The customer relationship management software maker also raised its full-year outlook and announced CFO Amy Weaver will step down from her post. CrowdStrike -- The cloud security company fell about 2% after its third-quarter outlook missed analyst expectations. CrowdStrike sees earnings in the current quarter of 80-81 cents per share, while analysts surveyed by FactSet had estimated 96 cents. CrowdStrike also cut its full-year guidance to a range of $3.61 to $3.65 per share, compared to a previous $3.93 to $4.03 and a consensus estimate of $3.90 from analysts. HP Inc. -- Shares slipped more than 3% on the heels of a fiscal third-quarter earnings miss. HP reported an adjusted 83 cents per share while analysts polled by LSEG were looking for 86 cents. Nutanix -- The cloud infrastructure stock jumped more than 16% thanks to strong fiscal fourth-quarter results. Nuatanix earned an adjusted 27 cents per share on revenue of $548 million, while analysts polled by LSEG had estimated 20 cents in earnings on $537 million in revenue. Affirm -- Shares of the buy-now-pay-later company surged more 20% on better-than-expected fiscal first-quarter revenue guidance. Affirm forecast revenue in the range of $640 million to $670 million, compared to an estimated $625 million from analysts surveyed by LSEG. Dollar General -- Shares of the discount retailer tumbled more than 23% after missing analysts' second-quarter estimates on the top and bottom line and lowering its full-year sales outlook, noting a "financially constrained" customer base. Five Below -- The low-priced retailer climbed nearly 6% after the top end of its full-year outlook surpassed Wall Street estimates. Five Below now expects adjusted earnings of $4.35 to $4.71 per share on revenue of $3.73 billion to $3.80 billion. Analysts polled by LSEG had esitmated $4.69 per share and $3.78 billion, respectively. Kohl's Corp . -- The department store retailer fell more than 2% after a downgrade to underweight from neutral at JPMorgan. The investment bank cited negative sales trends in most parts of Kohl's business. Victoria's Secret -- The lingerie company added nearly 5% after raising its full-year outlook. Victoria's Secret now expects net sales to decline by 1% from a year earlier, compared to an earlier forecast that predicted a " low single-digit " decline, and an estimate from analysts surveyed by LSEG that estimated a 2.8% pullback. Okta -- Shares retreated more than 12% despite surpassing analyst estimates in the second-quarter on the top and bottom line. Okta notched adjusted earnings of 72 cents per share on revenue of $646 million, while analysts polled by LSEG forecast 37 cents and $633 million. The secure identity cloud platform was double downgraded to underperform from buy at Bank of America. Pure Storage -- The data storage company slumped nearly 14%. Second-quarter results came in ahead of analyst estimates, with Pure Storage notching adjusted earnings per share of 44 cents on revenue of $763.8 million, while analysts surveyed by LSEG expected 37 cents and $755 million. Operating income guidance for the third quarter was 5.5% below analysts' consensus, according to FactSet. Veeva Systems -- Shares of the cloud computing firm rose 5% thanks to second-quarter earnings and revenue that beat Wall Street estimates. Veeva posted adjusted earnings of $1.62 per share on revenue of $676.8 million, while analysts polled by FactSet were looking for $1.53 per share and $667.8 million. -- CNBC's Jesse Pound & Fred Imbert contributed reporting

Stocks making the biggest moves after hours: Nvidia, Salesforce, CrowdStrike, Affirm and more

Check out the companies making headlines in extended trading. Nvidia -- The artificial intelligence chipmaker dropped 5% even after Nvidia beat expectations in its fiscal second-quarter results. Adjusted earnings per share of 68 cents exceeded the LSEG consensus estimate of 64 cents per share. Revenue of $30.04 billion exceeded the anticipated $28.7 billion. In the current quarter, Nvidia expects about $32.5 billion in revenue, more than the $31.77 billion expected by analysts, according to StreetAccount. Salesforce -- The software stock advanced 3.5% after Salesforce reported better-than-expected fiscal second-quarter results and raised its full-year profit outlook. Separately, the company said president and CFO Amy Weaver will step down. CrowdStrike -- Shares popped 3.9% after the cybersecurity company exceeded fiscal second-quarter expectations on the top and bottom lines. CrowdStrike posted adjusted earnings of $1.04 per share, more than the LSEG consensus estimate of 97 cents earnings per share. Revenue of $963.9 million came in above the expected $959 million. HP -- The tech stock dipped 3.6% after HP posted fiscal third-quarter earnings that disappointed expectations. Adjusted earnings of 83 cents per share did not meet the 86 cents earnings per share analysts polled by LSEG were anticipating. However, revenue of $13.52 billion beat the consensus estimate of $13.38 billion. Nutanix -- The cloud infrastructure company surged 12%. Nutanix trounced Wall Street's estimates in its fiscal fourth quarter, posting adjusted earnings of 27 cents a share on revenue of $548 million. Analysts surveyed by LSEG anticipated earnings of 20 cents per share and $537 million in revenue. Affirm -- Shares of the buy now, pay later provider leapt 15%. Affirm issued a rosy forecast for fiscal first quarter revenue, calling for a range of $640 million to $670 million. Analysts polled by LSEG called for $625 million. Fiscal fourth quarter results also came in ahead of Wall Street's estimates. Five Below -- The discount retailer jumped nearly 7%. The top range of Five Below's full-year guidance surpassed analysts' estimates, with the company calling for adjusted earnings of $4.35 to $4.71 per share on revenue of $3.73 billion to $3.80 billion. Analysts polled by LSEG called for $4.69 per share in earnings and $3.78 billion in revenue. Victoria's Secret -- The lingerie retailer advanced 3%. Victoria's Secret raised its fiscal full-year outlook, calling for net sales to be down roughly 1% from the prior year, compared to its earlier forecast of " down low-single digits ." Analysts polled by FactSet were calling for a decline of 2.8%. Fiscal second-quarter results also beat the Street's estimates on the top and bottom lines. Okta -- Shares dropped 6.7% even after Okta reported fiscal second-quarter earnings and revenue that topped analysts' expectations, and issued rosy third-quarter guidance. Adjusted earnings of 72 cents came in above the 61 cents per share anticipated by analysts polled by LSEG. Revenue of $646 million exceeded the estimate of $633 million. Pure Storage -- Shares dropped 14% even after Pure Storage posted fiscal second-quarter results that bested analysts' expectations. The data storage company earned 44 cents per share on an adjusted basis, more than the 37 cents per share anticipated by analysts, according to LSEG. Revenue of $763.8 million was more than the expected $755 million. Veeva Systems -- The cloud computing stock added more than 4% after Veeva Systems reported fiscal second-quarter earnings and revenue that exceeded estimates. Adjusted earnings of $1.62 per share came in above the FactSet consensus estimate of $1.53 per share. Revenue of $676.2 million was above the $667.8 million, anticipated.

After-hours movers: NVIDIA, Affirm, Salesforce and more By Investing.com

NVIDIA (NASDAQ:NVDA) shares were choppy after the AI juggernaut published second quarter results and guidance, and announced a $50 billion buyback plan. Management said anticipation for Blackwell was "incredible." The stock was down 4%. Affirm Holdings (NASDAQ:AFRM) rose 15% after revenue topped estimates and it issued revenue guidance that was above consensus. CrowdStrike (NASDAQ:CRWD) rose 3% after quarterly revenue and EPS beat estimates. It also issued guidance that trailed estimates but wasn't as bad as feared. Five Below (NASDAQ:FIVE) rose 7% despite lowering its forecast for full year sales and warning of macro pressures. Salesforce (NYSE:CRM) rose 4% after it raised full year EPS guidance. Management noted strong performance across revenue, cash flow, margin and cRPO.