Home / Business and Economy / Nvidia Surges, Salesforce Dips on AI Fears
Nvidia Surges, Salesforce Dips on AI Fears
26 Feb
Summary
- Nvidia's Q4 earnings and revenue surpassed expectations.
- Salesforce stock dropped 5% on disappointing fiscal 2027 revenue forecasts.
- Concerns about AI's impact on software vendors continue to influence markets.
Stock futures showed minimal movement Wednesday night as investors analyzed earnings reports from key tech companies, Nvidia and Salesforce.
Nvidia shares traded slightly higher in after-hours trading after the chip giant exceeded fourth-quarter earnings and revenue expectations. This positive performance contrasts with Salesforce, whose stock plummeted approximately 5%. The software company's shares fell following the release of disappointing fiscal 2027 revenue estimates.
These after-hours movements occurred after a strong day for U.S. equities. The S&P 500 closed Wednesday with a gain of 0.8%, marking its second consecutive day of increases. The Nasdaq Composite surged about 1.3%, while the Dow Jones Industrial Average rose roughly 307 points, or 0.6%.
Sentiment in the software and cybersecurity sectors remains cautious due to ongoing concerns about the rapidly evolving capabilities of AI products. Investors are anticipating weekly jobless claims data on Thursday and the January producer price index reading on Friday.
