Key Points To Watch Out For:
- Trump Media shares rise on bitcoin purchase announcement
- Okta falls 12% despite good results due to cautious forecasts
- Nvidia reports results after close with expectations high
Nvidia (NVDA): Results Under Scrutiny After Chip Ban in China
The chip manufacturer is set to report its results on Wednesday after the market closes, in what is expected to be a key moment for tech markets. Nvidia’s stock rose on Tuesday, driven by a pre-announcement buying spree. However, investors recall that this stock tends to experience sharp swings following each earnings release.
Last month, the company confirmed that the United States had banned it from selling its H20 chip to China—a move that could impact its future performance. Nvidia shares have already accumulated strong gains so far this year, adding to the pressure for results to meet high expectations.
Trump Media & Technology (DJT): Crypto Plans Drive Rebound
Trump Media shares jumped more than 2% in premarket trading on Wednesday, following a 10% drop the day before. The rebound comes after news that the media company plans to raise approximately $2.5 billion to buy bitcoin, including a $1.5 billion issuance of new shares.
The announcement has sparked enthusiasm among certain market segments, while also raising concerns about dilution and the company’s long-term strategic direction. Speculative interest surrounding the stock remains high, as investors weigh the risks against the potential upside.
Okta (OKTA): Conservative Guidance Slows Momentum Despite Profits
The digital security firm surprised the market with positive earnings and higher-than-expected revenue. Nevertheless, shares fell 12% in premarket trading after Okta signaled it would maintain a cautious approach in its forward guidance.
The company noted that the broader economic environment remains challenging, which could affect the pace of adoption for its security solutions. Despite solid financial results, investor sentiment turned wary due to the lack of strong signals for sustained growth.
AMC Entertainment (AMC): Pullback After Box Office Euphoria
AMC shares declined about 2% before the market opened, following a dramatic 24% surge the day before. On Tuesday, the company celebrated one of its best box office weekends in over a decade, boosted by the Memorial Day holiday in the U.S.
That surge in enthusiasm appears to have faded, however, as the rally lacked follow-through news. AMC stock—frequently categorized as a “meme stock”—continues to experience sharp price swings, reflective of its volatile retail-driven investor base.
Salesforce (CRM): High Expectations for AI and Key Acquisition
The cloud software giant is scheduled to report earnings after the market closes. Analysts are closely monitoring the performance of Agentforce, Salesforce’s newly launched artificial intelligence tool.
In addition, the company’s recent acquisition of Informatica is expected to bolster its capabilities in data and automation. Investors will assess whether Salesforce can maintain revenue growth and margin expansion in an increasingly competitive tech landscape pressured by rising platform costs.
Vail Resorts (MTN): CEO’s Return Boosts Shares
Vail Resorts announced the immediate return of Rob Katz as CEO—a move that received a positive response from investors. Shares rose 11% in premarket trading following the announcement, which came after a difficult winter season that impacted tourism revenues.
The leadership change is intended to stabilize operations and refocus long-term strategy in a challenging environment for the travel and leisure sector.
