29.08.2024

Nvidia disappoints stock market despite strong AI growth + Salesforce exceeds expectations + Crowdstrike lowers annual targets + Super Micro Computer does not submit annual figures on time

With significant share price losses Nvidia $NVDA (+2.32%) reacted to the figures and, above all, the chip company's outlook with significant share price losses in after-hours trading. Although the highly anticipated business figures of AI chip manufacturer Nvidia exceeded consensus estimates, the gross margin and data center sales rose more slowly than in the previous quarter. In addition, the outlook was not convincing in all respects. For example, the new chip generation ("Blackwell") will go into series production one quarter later than planned. Nvidia fell by around 7 percent in the after-hours trading.

MI 22:22:33 *NVIDIA Q2 GROSS MARGIN AT 75.7% (PROG 75.5)

MI 22:22:59 *NVIDIA ANNOUNCES FURTHER SHARE BUYBACK OF USD 50BN

MI 22:23:31 *NVIDIA MAINTAINS QUARTERLY DIVIDEND OF 1 US CENT

What do you say? Is Nvidia too big in the hype and therefore the expectations of the stock market simply far too high? The figures are basically good, but the expectations of the stock market were very high...

In contrast, the figures from Salesforce $CRM (-0.17%) The SAP competitor's revenue, profit and operating margin exceeded expectations. The company also raised its outlook. The share gained 4 percent. Salesforce Inc's second-quarter earnings per share of $2.56 beat analysts' estimates of $2.35. Sales of $9.33 billion exceeded expectations of $9.22 billion.

Crowdstrike $CRWD (+0.57%) lost 2.7 percent. Although the company earned more than expected in its second quarter, it lowered its annual targets and gave a pessimistic outlook for the current quarter. The reason for this was the faulty software update that caused widespread disruption worldwide in July. Among other things, numerous flights were canceled, operations were canceled and stores had to be closed. Crowdstrike Holdings Inc's second quarter earnings per share of $1.04 beat analysts' estimates of $0.97. Revenue of $963.9m beat expectations of $958.32

The US group Super Micro Computer
$SMCI needs more time to review its accounts and misses the deadline for filing its annual report. Its share price plunged 25.1 percent to a seven-month low in early U.S. trading, putting it on track for its biggest one-day selloff since a record 41.1 percent plunge on Oct. 4, 2018. The stock has fallen 41.5 percent so far in August, putting it at risk of its worst monthly performance in history.

Thursday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Diageo 0.63 GBP

Glencore 0.07 USD

Plus500 1.00 GBP

Quarterly figures / company dates USA / Asia

Untimed: Best Buy quarterly figures

Quarterly figures / Company dates Europe

07:00 Schott Pharma | Adler Group Quarterly figures

07:30 Delivery Hero | Fielmann Group | Mister Spex half-year figures

08:00 Syngenta half-year figures

09:00 Pernod-Ricard Annual results

10:00 Sto SE half-year figures | Deutsche Euroshop AGM

14:00 Delivery Hero Analyst Conference

17:00 Thyssenkrupp PK after supervisory board meeting

22:00 Morphosys half-year figures

Untimed: Birkenstock quarterly figures

Economic data

• 09:00 ES: HICP and consumer prices (preliminary) August HICP FORECAST: +2.6% yoy previously: +2.9% yoy
• 10:00 DE: Consumer prices Bavaria | Brandenburg | Hesse | Saxony | Baden-Württemberg August
• 11:00 EU: Economic Sentiment Index August Eurozone Economic Sentiment Forecast: 95.9 Previous: 95.8 Eurozone Industrial Confidence Forecast: -10.5 Previous: -10.5 Eurozone Consumer Confidence Forecast: -13.4 Advance Estimate: -13.4 Previous: -13.0
• 14:00 DE: Consumer prices (preliminary) August PROGNOSE: +0.1% yoy/+2.1% yoy previous: +0.3% yoy/+2.3% yoy HICP PROGNOSE: +0.1% yoy/+2.3% yoy previous: +0.5% yoy/+2.6% yoy
• 14:30 US: GDP (2nd release) 2Q annualized Forecast: +2.8% yoy 1st release: +2.8% yoy 1st quarter: +1.4% yoy GDP deflator Forecast: +2.3% yoy 1st release: +2.3% yoy 1st quarter: +3.1% yoy
• 14:30 US: Initial jobless claims (week) Forecast: 230,000 Previous: 232,000
• 16:00 US: Pending home sales 7/24