3 wins from Nvidia, Salesforce, and CrowdStrike: key lessons for investors
cnbc.com —
On Thursday, the S&P 500 and Nasdaq rose, driven solely by strong tech gains following blowout earnings from Nvidia, Salesforce, and CrowdStrike. All other market sectors fell, with consumer staples, energy, and industrials leading declines. The three companies' stocks jumped over 7%, 20%, and 17%, respectively, after results. Nvidia showed faster-than-expected growth, Salesforce eased "SaaSpocalypse" fears, and CrowdStrike proved essential in AI. CNBC's Jim Cramer raised price targets on all three. Hyperscalers lagged, as Nvidia noted they now account for only half its business. Amazon revealed significant Nvidia spending. Other stocks discussed included Best Buy, Dollar General, Dollar Tree, and HP Inc.