OKTA/USDT OI 5min Down 6.22% $861K dropped to $807K, Price 0.57%, Short Squeeze
0·-Neutral
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Premarket movers:
Magnificent Seven stocks (check payers) are mostly lower even as Nvidia jumps 7.2% after the leader in AI chips gave an outlook for revenue growth that was stronger than expected. Others are mostly in the red: Alphabet -0.4%, Amazon -0.3%, Apple -1.1%, Meta Platforms -0.3%, Microsoft -1%, Tesla +0.4%.
AI infrastructure stocks broadly gain after Nvidia’s outlook.
CrowdStrike (CRWD) rises 8.9% after the security software company raised its full-year forecast on key metrics.
Okta (OKTA) gains 21% after the software company boosted its full-year forecast on key metrics, including adjusted earnings and revenue.
Salesforce (CRM) is up 12% after the software company raised its full-year forecast and announced an expanded partnership with Anthropic.
Wendy’s Co. (WEN) plunges 12% after Reuters reported that Nelson Peltz’s Trian Fund Management has no plans to make a bid at this time to take the fast-food chain private.