Nvidia Corp (NASDAQ:NVDA) posted a double beat on fiscal second-quarter earnings Wednesday and guided to $108 billion in third-quarter revenue, sending the stock up 8.7% in a single session and adding more than $370 billion in market value. Salesforce Inc (NYSE:CRM) followed a day later, with its stock jumping as much as 20% on a second quarter beat, raised guidance, and an expanded artificial intelligence partnership with Anthropic.
CrowdStrike Holdings Inc (NASDAQ:CRWD) had what the company called its best quarter yet. Underneath the earnings-driven rallies, memory chip supply constraints and a fresh round of tariff uncertainty out of Washington kept traders on alert for the rest of the week.
The Trump administration is reportedly considering new semiconductor tariffs that could widen the scope of duties to include laptops, gaming consoles, and AI data center servers. While Commerce Secretary Howard Lutnick favors tying tariff relief to domestic chip investment, tech companies warning of disrupted AI buildouts are actively lobbying against the measure. The White House advised that any unannounced tariff reporting should be viewed as “baseless speculation”.
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