117 stories mentioning CrowdStrike HoldingsUpdated 2d ago
CEO George Kurtz disclosed multiple June 2026 SEC Form 4 filings selling CrowdStrike shares worth roughly $1.5 million to $2.8 million each.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
(Corrected the headline to include the stock split part).CrowdStrike (CRWD) has an average rating of overweight and mean price target of $237.53, according to analysts polled by FactSet.Price: $205.16, Change: $-3.70, Percent Change: -1.77%
CrowdStrike (CRWD) is launching the first geographic localization of Project QuiltWorks for North America, gathering a partner cohort to provide specialized frontier AI readiness expertise and remediation services for US and Canadian customers, the company said Thursday.The combination of CrowdStrike's capabilities with the local expertise and reach of North American partners allows customers to better act on AI risks and more quickly find and fix them, according to a statement.Project QuiltWorks' partners in US and Canada include CDW (CDW), Blackthorne Consulting, Consortium, Echelon Risk + Cyber, EVOTEK, GuidePoint Security, NETbuilder, Optiv, Pondurance, and Presidio, CrowdStrike said.Price: $208.42, Change: $+0.62, Percent Change: +0.30%
Zscaler's (ZS) fiscal 2027 outlook is conservative and reflects factors including an expected loss of Red Canary's customers and the competitive artificial intelligence security environment, Oppenheimer said in a note emailed Friday.Late Thursday, the cloud security company reported fiscal fourth-quarter results above Wall Street's consensus and outlined a strong full-year outlook.Zscaler expects annual recurring revenue of $4.396 billion to $4.426 billion, reflecting year-over-year growth of 16.6% to 17.4%. The FactSet-polled consensus points to $4.40 billion in fiscal 2027.The Red Canary business, acquired by Zscaler in 2025, saw elevated churn in 2026, Chief Financial Officer Kevin Rubin said on an earnings conference call Thursday, according to a FactSet transcript."As it relates to accounts that are up for renewal, ... we'll continue to see the higher, more traditional churn rates of (a managed detection and response) business," Rubin told analysts.Management took "a prudent approach" to the fiscal 2027 outlook, Oppenheimer analysts, including Ittai Kidron said. "We remain bullish, expecting better execution against achievable (2027) targets and reiterate our positive stance considering the setup and valuation," Kidron wrote.Red Canary's integration and competitive headwinds, among other areas, could limit investor confidence in the near term, the brokerage said.AI security is in demand, and there are "lots and lots of" companies competing in the space, with "probably tons of startups as well," Chief Executive Jay Chaudhry said on the call."We expect investors to take a 'wait-and-see' approach while viewing the outlook as achievable and supportive of consistent execution and positive revisions through (fiscal 2027)," Kidron said.Shares of the company declined 4.6% in Friday trade, and have fallen nearly 25% this year.Zscaler projects full-year adjusted earnings of $4.86 to $4.90 on revenue between $3.91 billion and $3.94 billion. Market expectations are for $4.82 and $3.92 billion, respectively.Oppenheimer raised Zscaler's adjusted EPS estimate to $4.88 from $4.42 for 2027 and left the revenue outlook steady at $3.9 billion. The brokerage has an outperform rating on Zscaler's stock with a $250 price target.Cybersecurity firm Palo Alto Networks (PANW) reported a fiscal fourth-quarter beat Tuesday, though its guidance for adjusted EPS and revenue topped analysts' estimates. Last week, CrowdStrike (CRWD) raised its full-year net new ARR outlook amid increasing demand for cybersecurity solutions to address AI risks.Price: $169.88, Change: $-7.92, Percent Change: -4.45%
CrowdStrike (CRWD) highlighted its AI cybersecurity opportunity and raised its long-term growth outlook at its Fal.Con conference, Oppenheimer said.The analysts said in a note Wednesday that they came away from the event "incrementally bullish."Management raised its total addressable market estimate to $565 billion by calendar year 2034. CrowdStrike would need only about 3.5% market share to reach its $20 billion ARR target, suggesting the company can meet its long-term goals without gaining market share.The company also moved its $10 billion and $20 billion ARR targets forward by one year, to calendar years 2030 and 2035, respectively. For fiscal year 2028, management expects 20% or more year-over-year growth in net new ARR, well above consensus estimates, the analysts said."We believe CrowdStrike can displace and replace competitors' solutions and take market share from legacy and next-gen antivirus vendors," according to the note.Oppenheimer reiterated its outperform rating on CrowdStrike, with a $250 price target.Shares of the company were up 4.3% in Thursday afternoon trading.Price: $212.19, Change: $+8.77, Percent Change: +4.31%
CrowdStrike (CRWD) reinforced its goal to lead AI-era cybersecurity and raised its long-term growth targets during its Fal.Con conference, RBC Capital Markets said in a note Thursday.The company now expects to reach $10 billion in annual recurring revenue by fiscal 2030 and $20 billion by fiscal 2035, both one year earlier than previously expected, the analysts said. From here, reaching $20 billion would require only a 15% compound annual growth rate, the analysts said.Management also noted that reaching $20 billion would require capturing just about 3.5% of the $565 billion total addressable market by calendar year 2034, the analysts added.CrowdStrike has raised its net new annual recurring revenue, or NNARR, guidance for fiscal 2027 five times, from $1.135 billion at Fal.Con 2025 to $1.355 billion during its Q2 2027 earnings, the analysts said. For fiscal 2028, the company expects NNARR of at least $1.626 billion, implying 20% plus growth, well above consensus of $1.502 billion and 11% growth, the analysts said."Overall, we thought the event made a compelling case for the company's positioning to secure the AI era as we think the market opportunity and growth potential remains significant," the analysts added.RBC maintained its outperform rating and $260 price target on CrowdStrike.Price: $213.34, Change: $+9.92, Percent Change: +4.87%
CrowdStrike Holdings (CRWD) announced new AI-focused security tools and expanded access to its Falcon platform at its Fal.Con conference, the company said Wednesday.CrowdStrike introduced Real-Time Supply Chain Attack Protection, a feature that blocks malicious open-source software packages at the endpoint before their code can run.The company also launched the Agentic Identity Provider, designed to give AI agents verified identities and manage their access with short-lived permissions.Separately, CrowdStrike said its Falcon platform will be offered through the Anthropic Claude Marketplace, letting Anthropic customers use existing commitments to purchase CrowdStrike services.Price: $202.78, Change: $-12.29, Percent Change: -5.71%
Palo Alto Networks (PANW) fiscal fourth-quarter results came in ahead of Wall Street's estimates, but the cybersecurity firm's shares fell early Wednesday amid margin and cost pressures.Adjusted gross margin came in at 74.8% for the quarter ended July, down from 75.8% the year before, the company said late Tuesday. The stock decreased 1.8% in the most recent premarket activity.The decline reflected a mix shift toward Palo Alto's faster-growing software-as-a-service offerings, which continued to scale and "have yet to reach their gross margin maturity," Chief Financial Officer Dipak Golechha said during an earnings call, according to a FactSet transcript. "Looking ahead, the growing majority of revenue is cloud and SaaS, and we anticipate that mix shift will drive our cloud hosting costs faster than total revenue in fiscal year 2027," according to Golechha.The company expects rising commodity costs to persist in its hardware business, especially related to memory and storage, Golechha said on the call. "We continue to manage our component cost exposure through our strategic supplier relationships and selective pricing actions across our portfolio of hardware products," the CFO added.Palo Alto reported adjusted earnings of $1.02 a share for the fourth quarter, up from $0.95 in the prior-year quarter, ahead of the FactSet-polled consensus of $0.98. Revenue climbed 34% to $3.41 billion, topping the Street's view for $3.35 billion.Subscription and support revenue increased to $2.67 billion from $1.96 billion, while product sales gained to $738 million from $574 million. Next-generation security annual recurring revenue, or ARR, surged 63% on a yearly basis to $9.1 billion, surpassing the average analyst estimate of $8.93 billion."This performance is a direct result of record-breaking platformization adoption and the growing urgency among customers to fortify their defenses as (artificial intelligence) fundamentally redefines the security landscape," Chief Executive Nikesh Arora said on the call.The company expects AI tailwinds driving cybersecurity demand to intensify in the future, according to Arora. The development of global AI infrastructure is requiring trillions in investment, and the firm expects "more capital expenditure in the next five years than the preceding two decades," Arora told analysts."There is approximately $1 trillion of global cybersecurity debt that must be modernized to defend against automated threats," the CEO added.Last month, Morgan Stanley said in a client note that Palo Alto was among the cybersecurity companies positioned to benefit from a shift toward new identity-security architectures and platforms as the growing use of autonomous AI agents creates new security risks.For fiscal 2027, Palo Alto projects adjusted EPS to come in between $4.16 and $4.19 on a revenue range of $14.1 billion to $14.2 billion. The Street is looking for non-GAAP EPS of $4.14 and sales of $13.97 billion. In the previous fiscal year, adjusted EPS came in at $3.84 and revenue amounted to $11.48 billion.Next-generation security ARR is pegged at $11.08 billion to $11.18 billion for the ongoing fiscal year, representing annual growth of 22% to 23%. The market's current forecast is for $11.02 billion.Last week, rival CrowdStrike (CRWD) raised its full-year net new ARR outlook amid increasing demand for cybersecurity solutions to address AI risks, while the firm reported better-than-expected fiscal second-quarter results.For the first quarter, Palo Alto anticipates adjusted EPS of $0.96 to $0.98 on revenue of $3.3 billion to $3.31 billion. The current consensus on FactSet is for non-GAAP EPS of $0.95 and sales of $3.26 billion. Next-generation security ARR is seen at $9.54 billion to $9.56 billion, reflecting a year-over-year gain of 63%.
CrowdStrike (CRWD) heads into its Fal.Con event following a record quarter and an increase to fiscal 2027 expectations, with Truist looking for evidence that the recent demand acceleration can support a higher long-term growth outlook.The investment firm said in a Tuesdasy note that it will focus on AI detection and response monetization, future net new annual recurring revenue potential, product-level growth drivers and Falcon Flex expansion."We expect to come away constructive if management can demonstrate that AI is expanding both the size and duration of the growth opportunity," according to the note.The note also highlights Agentic Security and Falcon as the Control Plane, with Truist looking for developments around agent discovery, runtime enforcement, model governance and third-party AI ecosystems.Truist reiterated its buy rating and raised its price target to $300 from $245.Shares of CrowdStrike were down 7.7% in Tuesday trading.Price: $213.26, Change: $-17.74, Percent Change: -7.68%
CrowdStrike (CRWD) said Tuesday it has launched the SafeMind suite of cybersecurity threat detection models within its Falcon platform, with plans to integrate standalone assets into its Project QuiltWorks initiative.The artificial intelligence system utilizes the Red Tempest offensive engine to locate network vulnerabilities and the Blue Solano defensive framework to mitigate them through a continuous feedback loop, the company said.CrowdStrike said it built the architecture using Nvidia (NVDA) Nemotron open models alongside cloud computing infrastructure from CoreWeave (CRWV).Price: $214.96, Change: $-16.04, Percent Change: -6.94%
CrowdStrike Holdings (CRWD) was selected by Ernst & Young US to help provide the security layer in EY's AI consulting framework.CrowdStrike said Tuesday its Falcon platform will be integrated into EY.ai Value Blueprints, helping organizations spot AI risks and protect their AI systems as they scale.Price: $214.50, Change: $-16.50, Percent Change: -7.14%
CrowdStrike (CRWD) and Optiv said Tuesday they have surpassed $2 billion in lifetime total contract value, as more organizations standardize on the CrowdStrike Falcon cybersecurity platform.The companies reached the milestone in less than half the time it took them to reach their first $1 billion, the companies added.Shares of CrowdStrike were down 5.2% in Tuesday trading.Price: $218.97, Change: $-12.03, Percent Change: -5.21%
George Kurtz, Director, President and Chief Executive Officer, on August 27, 2026, sold 19,800 shares in CrowdStrike Holdings (CRWD) for $4,357,078. Following the Form 4 filing with the SEC, Kurtz has control over a total of 8,256,219 Class A common shares of the company, with 7,856,219 shares held directly and 400,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1535527/000177856426000150/xslF345X05/form4-08312026_080801.xml
SailPoint (SAIL) said Monday it expanded its partnership with CrowdStrike (CRWD) to integrate its identity governance and access data into CrowdStrike's Falcon Next-Gen SIEM platform.The integration allows analysts to correlate SailPoint insights with endpoint, cloud, identity and other security telemetry, SailPoint said.The data will be available within existing Falcon workflows, reducing the need to switch between security tools during investigations, SailPoint added.SailPoint and CrowdStrike shares were up 2.9% and 5.2% respectively in Monday trading.Price: $20.41, Change: $+0.58, Percent Change: +2.92%
Technology stocks were mixed pre-bell Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 0.1%.Science Applications International (SAIC) stock was up more than 12% after the company reported higher fiscal Q2 revenue and raised its fiscal 2027 outlook.CrowdStrike (CRWD) and Clear (YOU) said they teamed up to combine biometric identity verification with cybersecurity threat detection software. Shares of Clear were up more than 2% premarket.Adobe (ADBE) has expanded its partnership with Saudi Arabia's Ministry of Communications and Information Technology and HUMAIN, the companies said. Adobe stock was down more than 1% pre-bell.
The Standard & Poor's 500 index edged up 0.5% this week amid stronger-than-expected quarterly reports from tech companies including Salesforce (CRM) and CrowdStrike (CRWD).The S&P 500 ended the week at 7,711.76. With just one session remaining in the month, the market benchmark is up 3% for August and has climbed 13% this year.At the annual Jackson Hole Economic Policy Symposium, Federal Reserve Chairman Kevin Warsh reaffirmed his commitment to the Fed's mandates, including the 2% inflation goal. Warsh said inflation numbers were concerning, citing the Fed's preferred metric -- the personal consumption expenditure price index -- which was unchanged at 3.7% year over year in July.Data released earlier this week showed US economic growth, measured by gross domestic product, rose by 1.5% in Q2. This was unrevised from the advance estimate released last month and matched expectations in a survey compiled by Bloomberg.The University of Michigan consumer sentiment index was revised upward on Friday to 51.7 for August from 51.0 in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg. The latest reading was still below July's final print of 55.2.The technology sector had the largest percentage increase this week, climbing 1.8%, followed by a 1.6% advance in communication services and a 1.1% rise in financials. Consumer discretionary eked out a 0.1% gain.Salesforce was the best performer in both the technology sector and the overall S&P 500 this week, jumping 22%. The company reported fiscal Q2 adjusted earnings and revenue above analysts' mean estimates and boosted its fiscal 2027 guidance.CrowdStrike had the second-largest percentage gain in technology and the overall S&P 500, climbing 14%. The company reported better-than-expected fiscal second-quarter results. CrowdStrike also raised its guidance for full-year net new annual recurring revenue, or ARR, amid increasing demand for cybersecurity solutions to address artificial intelligence risks.The health care and energy sectors fell 2% each, followed by a 1.7% decline in industrials and a 1.3% slip in real estate. Consumer staples, materials and utilities also edged lower.Boston Scientific (BSX) had the largest percentage loss in health care for the week, shedding 7%. The company is recalling thousands of its percutaneous catheters due to possible arterial sheath tip separation that could lead to complications with a retained tip, the US Food and Drug Administration said.The decline in energy came as crude oil futures also fell on the week. Mediators in the Iran war are stepping up efforts to get the Strait of Hormuz reopened, Reuters reported. Top decliners in the sector included EOG Resources (EOG), which fell 6.3% amid an investment rating downgrade by Capital One to equal weight from overweight.Earnings reports next week are expected from companies including Palo Alto Networks (PANW), Dell Technologies (DELL), Medtronic (MDT), Broadcom (AVGO) and Snowflake (SNOW).Investors will be heavily focused on the government's August employment report, due Friday. Other reports will include July construction spending and factory orders.
George Kurtz, Director, President, and CEO, on August 25, 2026, sold 20,000 shares in Crowdstrike Holdings (CRWD) for $3,757,447. Following the Form 4 filing with the SEC, Kurtz has control over a total of 8,276,019 Class A common shares of the company, with 7,876,019 shares held directly and 400,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1535527/000095010326013019/xslF345X05/ownership.xml
(Updates with index/price moves, macroeconomic data and analyst comments from the first paragraph.)US equity indexes advanced after Nvidia's (NVDA) strong fiscal Q2 results boosted mega-caps in the technology sector, helping outweigh declines in every other peer group.The Nasdaq Composite jumped 1.6% to 26,541.35, the S&P 500 climbed 0.7% to 7,730.99, and the Dow Jones Industrial Average edged up 0.2% to 53,569.44 on Thursday. All sectors, except technology, declined. Consumer staples, healthcare and consumer discretionary were among the worst performers.Shares of Nvidia jumped 8.7%, among the top gainers across all three mainstream indexes, after fiscal Q2 earnings and revenue more than doubled from a year earlier and its Q3 sales outlook beat estimates. Nvidia offered a surprisingly strong fiscal 2028 revenue outlook, while its gross margin guidance provided clarity amid rising memory costs, Morgan Stanley said in a note.Salesforce (CRM) surged 23%, the lead on the S&P 500 and the Dow, after the company posted higher fiscal Q2 adjusted earnings and sales, and lifted fiscal 2027 guidance.CrowdStrike (CRWD) soared 20%, one of the biggest gainers in the S&P 500 and Nasdaq, after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its full-year net new annual recurring revenue outlook. This is a "blowout quarter as AI demand inflects across the platform," according to a Truist Securities note.Among companies with market capitalizations exceeding $200 billion each, nine of the top 10 names by daily returns were in the technology sector, with Salesforce leading the pack, according to data compiled by Finviz.Qatar's foreign ministry said Iran and Doha discussed an agreement to implement a "joint project" to clear mines from the Strait of Hormuz as well as "efforts to reduce escalation and create appropriate conditions for dialogue," according to a report from Al Jazeera, a Middle Eastern broadcaster.Iran's security chief, Mohsen Rezaei, said the "US must first take practical steps to fulfil Iran's conditions, and then Iran will proceed to open the Strait of Hormuz", according to Al Jazeera, which cited a report from the Islamic Republic News Agency. The former Islamic Revolutionary Guard Corps commander reiterated previous pledges by Tehran that if Washington "starts any evil", Iran would "bring disaster to its military and economic interests".The front-month US West Texas Intermediate crude oil contract climbed 1.7% to $83.66 per barrel, and global benchmark North Sea Brent jumped 2.2% to $89.77 per barrel.In economic news, the advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, according to data released by the US Census Bureau, surpassing the $100.5 billion deficit expected in a survey compiled by Bloomberg.US initial jobless claims fell to 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 in the previous week, versus expectations for an increase to 208,000 in a survey of analysts compiled by Bloomberg.Most US Treasury yields edged up on Thursday. The 10-year yield inched up by less than one basis point to 4.67%, and the two-year was little changed at 4.23%.
(Updates with market moves at the end of the day, and other changes, if any.)The Nasdaq Composite rose the most in more than three weeks on Thursday as post-earnings rallies in shares of Nvidia (NVDA) and other technology players helped lift sentiment on Wall Street.The tech-heavy index closed 1.6% higher at 26,541.35, logging its biggest single-day percentage gain since Aug. 4. The S&P 500 climbed 0.7% to 7,730.99, while the Dow Jones Industrial Average advanced 0.2% to 53,569.44.Tech was the only sector that ended in the green, up 3.4%, while consumer staples saw the steepest decline.Nvidia shares jumped 8.7%, the second-biggest gain on the Dow, as the tech bellwether's fiscal second-quarter results more than doubled from a year earlier and topped Wall Street's expectations late Wednesday amid record data center sales.Nvidia expects fiscal 2028 revenue to grow about 70% year over year. That, according to Morgan Stanley, was a surprisingly strong sales outlook.Salesforce (CRM) shares soared nearly 23%, the best performer on both the S&P 500 and the Dow. The customer relationship management platform late Wednesday increased its full-year revenue guidance after delivering a fiscal second-quarter beat.CrowdStrike (CRWD) surged nearly 21%, the second-biggest rise on the S&P 500. The company late Wednesday raised its full-year annual recurring revenue outlook amid increasing demand for cybersecurity solutions. CrowdStrike reported better-than-expected fiscal second-quarter results.Hormel Foods (HRL) was the worst performer on the S&P 500, down 10%. The company lowered its fiscal 2026 sales outlook as it reported mixed third-quarter results, with the top-line pressured amid a challenging consumer environment.US Treasury yields were little changed, with the two- and 10-year yields at 4.23% and 4.67%, respectively.The annual economic policy symposium at Jackson Hole, Wyoming, kicked off Thursday, with Federal Reserve Chair Kevin Warsh slated to speak Friday morning.Cleveland Fed President Beth Hammack said in a CNBC interview Thursday that the Federal Open Market Committee should act now to cool inflation.Hammack was one of the three regional Fed presidents who dissented on the FOMC's decision to keep interest rates steady last month. All three called for a rate hike of 25 basis points.Markets are currently pricing in a 66% probability that the FOMC will keep the benchmark lending rate steady next month, with the remaining odds in favor of a 25-basis-point increase, according to the CME FedWatch tool.West Texas Intermediate crude oil rose 1.8% to $83.69 a barrel in Thursday late-afternoon trade, while Brent advanced 2.2% to $89.75.Iran and Oman are working on finalizing a deal that will see both countries share control of the Strait of Hormuz, Reuters reported.Spot gold edged up 0.3% to $4,605.11 per troy ounce, while silver gained 2% to $70.18 per ounce.
(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes advanced after Nvidia's (NVDA) strong fiscal Q2 results boosted mega-caps in the technology sector.The Nasdaq Composite jumped 1.3% to 26,466.9, the S&P 500 climbed 0.6% to 7,719.3, and the Dow Jones Industrial Average edged up 0.1% to 53,542.5 ahead of Thursday's close. All sectors, except technology, declined. Consumer staples and consumer discretionary were among the worst performers.Shares of Nvidia jumped past 8%, among the top gainers across all three mainstream indexes, after fiscal Q2 earnings and revenue more than doubled from a year earlier and Q3 sales outlook beat estimates. Nvidia offered a surprisingly strong fiscal 2028 revenue outlook, while its gross margin guidance provided clarity amid rising memory costs, Morgan Stanley said in a note.Salesforce (CRM) surged 23%, the leader on the S&P 500 and the Dow, after the company posted higher fiscal Q2 adjusted earnings and sales, and lifted fiscal 2027 guidance.CrowdStrike (CRWD) soared 20%, one of the biggest gainers in the S&P 500 and Nasdaq, after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its full-year net new annual recurring revenue outlook. This is a "blowout quarter as AI demand inflects across the platform," according to a Truist Securities note.Qatar's foreign ministry said Iran and Doha discussed an agreement to implement a "joint project" to clear mines from the Strait of Hormuz as well as "efforts to reduce escalation and create appropriate conditions for dialogue," according to a report from Al Jazeera, a Middle Eastern broadcaster.Iran's security chief, Mohsen Rezaei, said the "US must first take practical steps to fulfil Iran's conditions, and then Iran will proceed to open the Strait of Hormuz", Al Jazeera cited a report from the Islamic Republic News Agency. The former Islamic Revolutionary Guard Corps commander reiterated previous pledges by Tehran that if Washington "starts any evil", Iran would "bring disaster to its military and economic interests".The front-month US West Texas Intermediate crude oil contract climbed 2.1% to $83.93 per barrel, and global benchmark North Sea Brent jumped 2.6% to $90.11 per barrel.
Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.4%.The Philadelphia Semiconductor index climbed 1.6%.In sector news, progress on the creation of a self-regulatory organization for AI companies has stalled within the Trump administration, The Information reported. A draft executive order on the subject has circulated in recent weeks, but it still needs buy-in from a number of senior officials, including the president, the report said.Separately, the Trump administration is considering sweeping new tariffs on semiconductors that could extend to products containing chips, including laptops, gaming consoles and data center servers, Politico reported. Commerce Secretary Howard Lutnick favors tying tariff relief to companies' investments in US chip manufacturing, according to Politico sources. The administration is also considering a phase-in period, while tariff rates and other details remain unsettled, the report said.In corporate news, Nvidia (NVDA) shares jumped past 8% after it posted fiscal Q2 earnings and revenue that more than doubled from a year earlier, and issued a fiscal Q3 revenue forecast above analysts' expectations.CrowdStrike (CRWD) shares popped 19% after it reported higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2027 revenue outlook.Salesforce (CRM) shares surged 23% after it reported a fiscal Q2 beat and boosted fiscal 2027 guidance.Meta Platforms (META) at one point this year internally projected it could spend up to $10 billion annually on Amazon-backed (AMZN) Anthropic's AI models, The New York Times reported. Meta's business would have formed a significant portion of Anthropic's annual revenue, which the company estimated in July would pass $65 billion, the report said. Meta shares were down 1.2%, and Amazon was shedding 1.7%.
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