Wall Street: Tech Rally with Substance: Nvidia and Software Companies Convince
Nvidia confirms the AI boom and significantly increases growth expectations. Additionally, Salesforce, CrowdStrike and Okta show that AI has not yet displaced established software.
US stocks, particularly in the tech sector, are significantly higher on Thursday. Nvidia's quarterly results and outlook beat expectations, with a 106% surge in revenue to $96.2 billion and a forecast of $108 billion for the current quarter. The company expects 70% revenue growth in 2028, exceeding Wall Street's estimate of 45%. Other tech firms, including Salesforce, CrowdStrike, and Okta, also reported strong results, with Salesforce's Agentforce ARR growing over 240% to $1.5 billion.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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