Nvidia and Snowflake Beat Earnings

Tech earnings | Tariffs tantrum | Bitcoin continues to slide

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Welcome Back,

Market Headlines 👀 

  • US President Trump announces 25% tariffs on Europe imports.

  • US 10y yield continues to slide as traders are concerned about growth and stagflation.

  • US 30y mortgage rates hit a yearly low touching 6.88% today.

  • Alphabet (GOOGL) beats out Microsoft in a deal worth $2.5b to partner with Salesforce.

  • Snowflake (SNOW) expands partnership with Microsoft to better integrate OpenAI models in their platform.

  • Bitcoin (BTC) continues to slide approaching its 200d average.

Earnings 💸

  • Nvidia (NVDA)

    • EPS: $0.89 beats ($0.84)

    • Revenue: $39.3b beats (exp. $38.04b)

  • Salesforce (CRM)

    • EPS: $2.55 misses (exp. $2.61)

    • Revenue: $10b meets (exp. $10b)

  • Snowflake (SNOW)

    • EPS: $0.30 beats (exp. $0.17)

    • Revenue: $986.8m beats (exp. $955.9m)

  • Lowes (LOW)

    • EPS: $1.99 beats (exp. $1.84)

    • Revenue: $18.55b beats (exp. $18.29b)

  • Instacart (CART)

    • Revenue: $883m misses (exp. $891m)

  • Inoq (INOQ)

    • EPS: $-.93 misses (exp. -0.25)

    • Revenue: $12m beats (exp. $10m)

A note from AI Capital News 📣

Smart Investors Are Betting On A.I. Stocks—Are You?

Experts say Trump’s $500B A.I. investment plan could transform the industry.

Meanwhile, a small but ambitious A.I. healthcare company just went public after eight years of innovation, securing $18M in funding and partnering with industry giants.

With a $120M market cap and shares still under $2, this stock may not stay cheap for long.

Recap Around the Street 🧠

Nvidia earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Source: @StockMarketNerd

Snowflake earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Source: @StockMarketNerd

Market Preview 🎞️ 

  • Thursday, February 27th: Weekly jobless claims; Pending home sales; Q4 GDP second reading

  • Thursday earnings: Dell (DELL), and Duolingo (DUOL) 

  • Friday, February 28th: Personal income and spending (PCE) data; Advanced retail inventories

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