Stocks Surge After Hours: Nvidia, Salesforce, CrowdStrike React

In the latest after-hours trading, several major companies reported earnings that exceeded analysts' expectations, leading to significant stock movements. Nvidia projected approximately $32.5 billion in revenue for the current quarter, surpassing the $31.77 billion forecasted by analysts. Salesforce's stock rose 3.5% following its better-than-expected fiscal second-quarter results and an increased full-year profit outlook, despite the announcement of President and CFO Amy Weaver's resignation. CrowdStrike also reported strong earnings, with adjusted earnings of $1.04 per share, exceeding the consensus estimate of 97 cents, and revenue of $963.9 million, which was above the expected $959 million. Nutanix outperformed Wall Street estimates in its fiscal fourth quarter, posting adjusted earnings of 27 cents per share on revenue of $548 million, both figures surpassing analyst expectations. Affirm provided an optimistic forecast for its fiscal first-quarter revenue, projecting between $640 million and $670 million, which is higher than the $625 million anticipated by analysts. Five Below's full-year guidance also exceeded expectations, with adjusted earnings projected between $4.35 and $4.71 per share on revenue of $3.73 billion to $3.80 billion. Conversely, Okta's shares fell 6.7% despite reporting fiscal second-quarter earnings and revenue that beat expectations, along with positive third-quarter guidance. Veeva Systems saw a more than 4% increase in its stock after reporting fiscal second-quarter earnings and revenue that also exceeded estimates, indicating a mixed but generally positive performance in the tech sector during this reporting period.