WS #8374
No material new developments in the last 30 minutes. The previous synthesis remains current with no counter-signals or de-escalation to report.
Key developments
- Snowflake Q1 beat: EPS $0.39 vs $0.32, revenue $1.391B vs $1.32B; announces $6B AWS AI infrastructure deal; stock up ~30% after hours
- Salesforce Q1 beat but Q2 revenue guidance below estimates; shares dip after hours
- Zscaler plunges 31% on 'prudent' guidance and sales leadership departures
- HPQ Q2 beat: EPS $0.86 vs $0.72, revenue $14.408B vs $14.07B; raises guidance on AI PC demand; stock up 4.5% after hours
- Marvell Technology Q1 revenue $2.418B vs $2.404B est., raises FY2027/2028 outlook on AI demand
- Fed's Cook: risks tilted to higher inflation, prepared to raise rates if disinflation doesn't appear
- Trump appears to threaten Oman with bombing over Strait of Hormuz impasse
- Synopsys reaches settlement with Elliott, appoints Jesse Cohn to board; raises annual forecast on AI chip design demand