Stock futures are little changed this morning after two straight days of big gains for major indexes; Nvidia shares are moving higher after the AI chipmaker reported quarterly results that handily topped Wall Street expectations; Salesforce shares fell after the software giant issued a disappointing revenue outlook; Warner Bros. Discovery reported a quarterly loss and a drop in revenue as Paramount Skydance and Netflix continue their bidding war for the company; and Nutanix shares are soaring after the cloud software firm announced an AI deal with chipmaker AMD. Here’s what you need to know today.
Stock Futures Steady After Two Days of Big Gains
Stock futures are holding steady as investors assess a flurry of earnings from Nvidia, Salesforce and other major technology companies. (more on that below) Futures tied to the Dow Jones Industrial Average were up 0.2% recently, while those linked to the S&P 500 and the tech-heavy Nasdaq hovered near unchanged. The major indexes surged on Wednesday for the second straight day, led by tech sector gains, after falling sharply to start the week amid concerns about tariffs and AI. Bitcoin was losing ground this morning after surging yesterday, trading at around $68,000, down from an overnight high near $70,000. Gold futures dropped 0.7% to around $5,200 an ounce, while WTI futures, the U.S. crude oil benchmark, fell 2% to $64.10 per barrel. The yield on the 10-year Treasury, which affects interest rates on all sorts of consumer loans, was little changed at 4.05%.
Nvidia Beats Estimates as CEO Sees Customers ‘Racing to Invest in AI’
Nvidia (NVDA) shares are higher this morning after the AI chipmaker late yesterday reported quarterly results and issued an outlook that blew past analysts’ estimates. The company at the center of the AI boom posted adjusted earnings of $1.62 per share for its fiscal 2026 fourth quarter, compared to the $1.53 that analysts surveyed by Visible Alpha were looking for. Revenue soared 73% year-over-year to a record $68.13 billion, compared with analysts’ expectations for revenue of $66.2 billion, as the company’s Big Tech customers continued to double down on AI infrastructure spending. Meanwhile, the company projects that revenue in the current quarter will rise to $78 billion, plus or minus 2%. CEO Jensen Huang said in comments released alongside the results that demand for compute is “growing exponentially” and that “our customers are racing to invest in AI.” Shares of Nvidia, the world’s most valuable company with a market capitalization of about $4.8 trillion, were up 1% in recent premarket trading.
Salesforce Shares Drop on Weak Revenue Guidance
Salesforce (CRM) shares are losing ground before the bell after the software provider issued disappointing guidance. The customer relationship management firm reported revenue of $11.2 billion for its fiscal 2026 fourth quarter, up 12% year-over-year and just above analyst estimates compiled by Visible Alpha. The company’s adjusted earnings per share of $3.81 soared were well above the analyst call of $3.05. However, the company’s forecast for 2027 fiscal year revenue was between $45.8 billion and $46.2 billion, with the midpoint below analysts’ consensus estimate of $46.04 billion. Salesforce shares have lost more than a quarter of their value so far this year amid a broader rout in software stocks as investors worry about potential disruption from AI tools. Salesforce shares were down 2.5% recently.
Warner Bros. Discovery Posts Revenue Decline, Loss Amid Bidding War
Warner Bros. Discovery (WBD) reported a 6% drop in sales and a quarterly loss of $252 million as a bidding war between Paramount Skydance (PSKY) and Netflix (NFLX) for control of the company continues to play out. Paramount Skydance (PSKY), for its part, reported a surprising quarterly loss, even as revenue for its streaming service Paramount+ came in above analysts’ forecasts. Shares of each company were little changed ahead of the opening bell. Meanwhile, Netflix (NFLX) shares were up about 1% in premarket trading after gaining almost 6% in the prior session on a Politico report that CEO Ted Sarandos was set to visit the White House to discuss the streamers bid to acquire Warner Bros. Discovery.
Nutanix Stock Soars on AI Deal with AMD
Shares of Nutanix (NTNX) are surging after the cloud software company announced a multiyear partnership with chipmaker Advanced Micro Devices (AMD) to develop an AI infrastructure platform designed to power agentic AI applications. As part of the arrangement, AMD will make a strategic investment of $150 million in Nutanix common stock and fund up to $100 million for Nutanix to support joint engineering initiatives. Meanwhile, Nutanix also reported fiscal second-quarter earnings of $0.54 on revenue of $722.8 million, both above analyst estimates compiled by Visible Alpha. Nutanix shares, which coming into today’s session had lost a quarter of their value so far in 2026, were up 15% in recent premarket trading. AMD shares were down about 1% this morning.
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