Megacaps Earning Release for this Week: Nvidia and Salesforce
MarketsFN Team
On August 28 NVIDIA Corp (NVDA) and Salesforce Inc (CRM) after market close would release their quarterly earnings.
Both are in the megacaps group but NVIDIA Corp is in the most exclusive club of companies with market value exceeding $3 trillion.
Nvidia is likely to exceed Wall Street Expectations on Aug. 28. Revenue on a yearly basis is expected to have grown by 112% in second-quarter with revenue estimated to $28.68 billion. Stock price however is on a tight range, with nearly 10% far away from its historical high 140.76. This volatility compression compression was seen last time back in June. NVIDIA is trading at $ 126.39, down 2.30%, underperforming the Nasdaq Composite, which is losing 0.64%
Regarding Salesforce Inc (CRM) earnings for the fiscal second quarter, the company expects total revenues between $9.20 billion and $9.25 billion (midpoint $9.225 billion) and non GAAP EPS for $2.34-$2.36 for the same period. CRM shares are trading close to their 200 day simple moving average, which is known to be a relevant dynamic resistance, after they had a 2024 low at $ 212 at the end of May. Trading now at $ 265.92
