Jack of All Trades

Nvidia reported $96 billion in revenue, doubling year over year, with Jensen Huang declaring that AI has reached its inflection point and compute is now revenue. Salesforce surged 14% on 240% Agentforce ARR growth. CrowdStrike jumped 11% on a record net new ARR quarter. The series closes.

DKS fell 31% after its newly acquired Foot Locker stores reported a 3.6% comparable sales decline in a deteriorating athletic footwear market. Intuit crossed $20 billion in revenue for the first time, with TurboTax Live up 37%, but fell 16% after guiding fiscal 2027 growth below expectations.

PDD beat profit estimates as Temu rebuilt around local fulfillment post de minimis. XPeng delivered a 65% vehicle surge and raised $900 million for its humanoid robot at $6.2 billion, but losses tripled.

Walmart fell 9% after reporting its weakest comparable sales since the pandemic, with the company's CFO saying consumers are stretched thin. Target rose 4% to a 52-week high after beating comp sales estimates even excluding its $994 million tariff refund

Lowe's beat earnings for the fifth straight quarter but guided the full year to its low end, citing pressure on DIY spending. Estée Lauder surged 18% on a earnings beat and China recovery, doubling from its 52-week low.

Home Depot beat earnings, helped by $730 million in tariff refunds, but declined to raise full-year guidance in a frozen housing market. Klarna fell 17% after cutting its annual revenue forecast due to weak consumer spending in Germany, even as its US business grew 27%

Globant fell nearly 15% after cutting its full-year guidance, showing that enterprise IT budgets are shifting toward AI before traditional project revenue is replaced.

Cisco reported record quarterly revenue of $17.25 billion and $9.3 billion in AI infrastructure orders for the year, then fell 8% as gross margin compressed. Applied Materials beat earnings and raised its outlook but fell on an 80% free cash flow drop from inventory buildup.

Nebius reported AI cloud revenue up 514% with a $236 million profit margin, signing four contracts each worth more than $1 billion. CAVA surged 12% as same-restaurant sales grew 9% on traffic, not price increases.

SMCI guided next quarter to $14.5 billion, nearly 25% above what analysts expected, as new orders hit $60 billion and gross margins doubled from prior guidance. CRWV reported 112% revenue growth and named Anthropic and Meta as new customers, with a $104 billion contract backlog.