US PRE-MARKET MOVERS: CRWV, SMCI, LITE, HRB, ORCL, NBIS, GAP
AI infrastructure demand drives strong pre-market gains for CRWV, SMCI, and LITE. H&R Block reports record growth, while Oracle plans job cuts and Gap faces analyst downgrades amid retail softening.
News detail
ES +0.3% NQ +0.7% RTY +0.3% CRWV +18.5%: EPS & rev. beat, raised FY outlook, supported by accelerating AI infrastructure demand, a growing backlog & strong pricing for newer NVDA systems SMCI +8.5%: Profit beat w/ stellar guidance LITE +8%: Strong Q metrics alongside strong next Q outlook HRB +13%: Q beat & FY outlook topped forecasts, as well as raising div. ORCL +1.7%: Plans further job cuts this month, potentially reaching double-digit percentages on some teams NBIS +13%: Q2 metrics largely impressed GAP -1.5%: Downgraded at Jefferies
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