U.S. stock futures are mixed as investors review Nvidia's (NVDA) quarterly results, which saw the AI chipmaker post better-than-expected profit and revenue but miss on data-center sales, causing its shares to slip in premarket trading; Tesla (TSLA) sales sank in Europe for a seventh straight month; Snowflake (SNOW) stock is surging as the cloud software seller lifted its outlook amid strong sales; and Dollar General (DG) shares are jumping as the discount retailer reported strong results and lifted its full-year outlook. Here's what investors need to know today.
1. US Stock Futures Mixed After Nvidia Results
U.S. stock futures are mixed as investors digest earnings from Nvidia and other tech firms. Dow Jones Industrial Average futures are pointing slightly higher after gaining 0.3% Wednesday, while S&P 500 and Nasdaq futures are fractionally lower after each added 0.2% yesterday, with the S&P 500 closing at a record high. Bitcoin (BTCUSD) is trading higher at over $113,000. The yield on the 10-year Treasury note is little changed. Oil futures are lower. Gold futures are higher.
2. Nvidia Stock Slips as Data-Center Sales Come Up Short of Expectations
Nvidia (NVDA) shares are slipping nearly 2% in premarket trading after the world's most valuable public company reported data-center revenue that fell short of analysts' expectations even though top- and bottom-line numbers topped them. The AI chipmaker posted adjusted earnings of $1.05 per share on revenue that soared 56% year-over-year to a record $46.74 billion in the second quarter, above Visible Alpha consensus. Data-center sales climbed to a record $41.1 billion but slightly missed estimates.
3. Tesla European Sales Plummet for Seventh Straight Month
Tesla's (TSLA) European sales tumbled for a seventh straight month in July, according to data from the European Automobile Manufacturers Association, or ACEA. Tesla's new car registrations, which serve as a proxy for sales, were down 40% year-over-year on the continent at 8,837, including a 42% drop in European Union countries, while Chinese rival BYD's soared 225%. Tesla's European sales declined sharply once again even though battery-electric vehicle registrations in the region were 39% higher. Tesla shares are down less than 1% in premarket trading.
4. Snowflake Stock Surges on Strong Results, Upbeat Outlook
Snowflake (SNOW) shares are jumping 13% in premarket trading after the cloud software provider posted better-than-expected second-quarter results and an optimistic outlook. The company reported adjusted earnings per share of $0.35 on $1.14 billion in revenue, topping Visible Alpha expectations of $0.27 and $1.09 billion, respectively. Snowflake also lifted its fiscal 2026 product revenue projection to year-over-year growth of 27%, from its prior projection of 25% growth. Snowflake CEO Sridhar Ramaswamy cited the “enormous opportunity” that AI is providing the company.
5. Dollar General Stock Soars as Discount Retailer Raises Full-Year Projections
Dollar General (DG) shares are surging 6.5% in premarket trading after the discount retailer posted strong sales results and lifted its outlook. Dollar General reported second-quarter EPS of $1.86 on sales that increased 5% year-over-year to $10.73 billion. Analysts surveyed by Visible Alpha had expected $1.56 and $10.67 billion, respectively. Same-store sales growth of 2.8% also was ahead of expectations. The company also lifted its full-year projections for sales, same-store sales, and EPS. Dollar General shares are up 45% this year entering Thursday trading.
