US EQUITY OPEN: NVDA leads Tech and stocks higher after earnings and guidance impresses

OPEN: US indices open in the green with outperformance in the tech-heavy Nasdaq 100 due to Nvidia (+7.2%) surging post-earnings. Sectors are all in the red, aside from the aforementioned Tech, with Utilities and Consumer Staples the laggards. There has been a couple of Fed speakers at Jackson Hole, while US data came in the form of jobless claims; nonetheless, with NVDA largely in the rear view attention turns to Fed Chair Warsh's address at Jackson Hole on Friday at 15:00BST/10:00EDT. WTI and Brent are firmer c. USD 0.70/bbl with little Middle East developments, as participants await the next move, from either side. G10 FX performance is predominantly eking out gains vs. the Greenback with the Aussie outperforming, while both the Pound and Yen seeing slight losses; JPY little moved following hawkish BoJ Himino comments. Treasuries are sold, while precious metals are modestly lower, trading around session troughs.

• Nvidia (NVDA): Gave long-term guidance for the first time, & sees stronger-than-exp. rev. growth in FY28, supported by broadening AI demand
• Salesforce (CRM): Profit topped, strong outlook & AI-related growth accelerated, helped by a large gain on its Anthropic investment
• CrowdStrike (CRWD): Top & bottom line beat, lifted guidance w/ recurring rev. growth remaining strong, supported by rising demand for AI-related cybersecurity
• HP (HPQ): Declining PC shipments & weaker margins from rising memory/commodity costs overshadowed strong rev. growth & higher profit outlook.
• Okta (OKTA): Strong Q metrics & lifted FY view
• Wendy's (WEN): Trian Fund Management currently has no plans to make a take-private bid
• Dollar General (DG): EPS, rev. & SSS topped.