US PRE-MARKET MOVERS: NVDA, CRM, SNOW, NTNX, ZM, TTD, AMZN, SJM, JHG

ES +0.1% NQ flat RTY +0.2%

• NVDA +1%: EPS, rev. beat & issued stronger-than-exp. guidance, driven by a 75% surge in data centre rev. amid booming AI demand. Shares pared gains w/ traders underwhelmed by a routine beat & concerns over customer concentration, competition
• CRM -2.5%: FY rev. guide came in light; note, EPS, rev. topped w/ a new $50bln share buyback commitment
• SNOW +1.6%: Top & bottom-line surpassed exp. but outlook failed to excite investors amid broader concerns about software-sector growth
• NTNX +17%: AMD will buy $150mln of NTNX stock & provide up to $100mln to fund joint engineering & sales initiatives to develop an AI infrastructure platform
• ZM -6%: Profit light
• TTD -16%: Weak next Q rev. outlook
• AMZN +0.1%: Plans to invest up to $50bln in OpenAI
• SJM +8%: Strong results; Appoints 2 new independent directors following constructive engagement w/ Elliott
• JHG +6%: Victory Capital offers to buy JHG for $57.04/shr; note, JHG closed Wed. at 50.15