Group 1 - Dow futures rose by 0.23%, S&P 500 futures increased by 0.08%, while Nasdaq futures fell by 0.03% [1] - Chinese concept stocks experienced a decline, with Alibaba down 2.07%, Pinduoduo down 0.31%, JD down 3.24%, and Xpeng down 4% [1] - Nvidia reported Q2 revenue of $46.743 billion, a 56% year-over-year increase, slightly above analyst expectations of $46.23 billion, but its data center revenue of $41.1 billion was below the expected $41.29 billion, leading to a 1.88% drop in stock price [1] - Li Auto's Q2 revenue was 30.2 billion RMB, a 4.5% year-over-year decline, below the forecast of 32.47 billion RMB, resulting in a 4.07% drop in stock price [1] Group 2 - Berkshire Hathaway increased its stake in Mitsubishi Corporation to 10.23% from 9.74%, while also acquiring additional shares in Mitsui & Co., although the stake did not exceed 10% [2] - Toyota's global sales in July reached a record high for the month, increasing by 4.8% year-over-year to 899,449 vehicles, driven by strong demand in North America and performance in the Chinese market [2] - Morgan Stanley raised Dell Technologies' target price from $135 to $144, maintaining an "overweight" rating, citing better-than-expected performance in the enterprise hardware business due to strong AI investments and good PC sales [2] Group 3 - Snowflake reported Q2 revenue of $1.14 billion, exceeding analyst expectations of $1.09 billion, with a 32% year-over-year growth, and raised its fiscal 2026 product revenue forecast from $4.33 billion to $4.4 billion [3] - The Hong Kong Securities and Futures Commission fined Deutsche Bank 23.8 million HKD (approximately $3.1 million) for multiple regulatory violations, including overcharging management fees and misallocating product risk ratings [3]

Group 1 - Dow futures rose by 0.23%, S&P 500 futures increased by 0.08%, while Nasdaq futures fell by 0.03% [1] - Chinese concept stocks experienced a decline, with Alibaba down 2.07%, Pinduoduo down 0.31%, JD down 3.24%, and Xpeng down 4% [1] - Nvidia reported Q2 revenue of $46.743 billion, a 56% year-over-year increase, slightly above analyst expectations of $46.23 billion; however, data center revenue of $41 billion was below the expected $41.29 billion, leading to a 1.88% drop in stock price [1] - Li Auto's Q2 revenue was 30.2 billion RMB, a 4.5% year-over-year decline, below the forecast of 32.47 billion RMB, resulting in a 4.07% drop in stock price [1] Group 2 - Warren Buffett's Berkshire Hathaway increased its stake in Mitsubishi Corporation to 10.23%, up from 9.74% in March, while also acquiring shares in Mitsui & Co., though the stake remains below 10% [2] - Toyota reported a record global sales figure for July, reaching 899,449 vehicles, a 4.8% year-over-year increase, driven by strong demand in North America and performance in the Chinese market [2] - Morgan Stanley raised Dell Technologies' target price from $135 to $144, maintaining an "overweight" rating, citing better-than-expected performance in the enterprise hardware sector due to strong AI investments and PC sales [2] Group 3 - Snowflake's Q2 revenue reached $1.14 billion, exceeding analyst expectations of $1.09 billion, with a 32% year-over-year growth; the company raised its fiscal 2026 product revenue forecast from $4.33 billion to $4.4 billion [3] - The Hong Kong Securities and Futures Commission fined Deutsche Bank 23.8 million HKD (approximately $3.1 million) for multiple regulatory violations, including overcharging management fees and misallocating product risk ratings [3]

Market Overview - Global stock markets showed mixed performance as investors sought direction in a complex market environment [1][2] - The US dollar index declined for the third consecutive day, while short-term US Treasury yields rose [1][2] - Oil prices fell, and spot gold reached $3400 per ounce, up 0.08% [1][2] Company Performance - Nvidia's stock dropped approximately 2% in pre-market trading despite a positive second-quarter revenue report, attributed to weak data center performance [1][2] - Snowflake's stock surged about 14% following a strong second-quarter earnings report and an upward revision of its full-year guidance [1][2] - Chinese stocks faced declines, with JD.com and Xpeng Motors both down around 4% [1][2] Regional Indices - European indices opened positively, with the Euro Stoxx 50 up 0.3%, DAX up 0.4%, FTSE 100 up 0.1%, and CAC 40 up 0.4% [1][3] - The Nikkei 225 index closed up 0.7%, while the Korean Kospi index rose 0.28% after the Bank of Korea maintained its policy rate [1][3] Economic Indicators - The Indian Nifty 50 index fell 0.59%, influenced by the US's announcement of a 50% tariff on Indian goods [3] - The Bank of Korea's decision to hold rates steady was seen as a positive market reaction despite trade uncertainties [3]

Core Viewpoint - Snowflake reported strong Q2 FY2026 earnings, exceeding market expectations, which led to a significant increase in its stock price by over 12.8% [1] Financial Performance - Revenue for Q2 FY2026 reached $1.0905 billion, representing a 32% year-over-year growth, surpassing market expectations of $1.04 billion [1] - Non-GAAP net income was $127.6 million, with adjusted earnings per share of $0.35, nearly double the same period last year and above the expected $0.27 [1] Future Guidance - For Q3 FY2026, Snowflake anticipates revenue of approximately $1.13 billion, better than the expected $1.12 billion [1] - The company raised its full-year revenue guidance to $4.395 billion, up from the previous estimate of $4.33 billion, and slightly above market expectations of $4.34 billion [1]

Core Insights - Snowflake's Q2 FY2026 product revenue reached $1.0905 billion, representing a 32% year-over-year growth, exceeding market expectations [1] - The company raised its full-year product revenue guidance for FY2026 to $4.395 billion [1] - Adjusted earnings per share for Q2 were $0.35, nearly double compared to the same period last year and above analyst expectations [1] Financial Metrics - Remaining Performance Obligations (RPO) stood at $6.9 billion, reflecting a 33% year-over-year increase [1] - The number of high-value customers continued to grow, with a 5% year-over-year increase in Fortune Global 2000 clients [1]

After the close today, we got still one more blowout quarter from Snowflake, the cloud-based data management analytics platform that I like so much. Now, this comes on top of the last blowout quarter they reported three months ago. Tonight, they posted a solid top and bottom line beat strong guidance for the current quarter.Hence why the stock screaming after hours trading. Not only does Snowflake have fantastic sales momentum, but the business is also becoming ever more profitable. It was the star of tonig ...

Group 1: Nvidia - Nvidia's revenue and profit exceeded expectations, but the guidance for the upcoming quarter was less impressive, with a focus on the "absence of China" as a key issue [10][12] - The company reported a year-on-year revenue growth rate of over two years' lowest, yet still above analyst expectations, with a significant drop in data center revenue due to a $4 billion decrease in H20 sales [12] - Nvidia announced a new $60 billion share buyback authorization and highlighted a potential $50 billion business opportunity in China for the year [10][12] Group 2: Meituan - Meituan's Q2 adjusted net profit plummeted 89% year-on-year to 1.49 billion yuan, significantly below expectations, with marketing expenses increasing by 51.8% [10][12] - The company achieved a revenue growth of 11.7% year-on-year, but its operating profit fell by 98% to 230 million yuan, with a drastic drop in operating profit margin from 13.7% to 0.2% [12] - Meituan's core local business revenue was 65.3 billion yuan, a 7.7% increase year-on-year, but the company anticipates significant losses in Q3 due to ongoing fierce competition [10][12] Group 3: Snowflake - Snowflake reported strong earnings, raising its full-year guidance, which led to a 13% increase in its stock price post-announcement [6][16] - The company’s remaining performance obligations reached $6.9 billion, a 33% year-on-year increase, indicating strong long-term customer investment [16] Group 4: Honey Snow Group - Honey Snow Group reported a 39.3% year-on-year growth in the first half of the year, with net profit increasing by 44.1% and global store expansion reaching 53,000 [15] Group 5: Global Economic Context - The U.S. stock market showed volatility ahead of Nvidia's earnings report, with the S&P 500 barely reaching a new high, while the Chinese concept stock index fell by 2.58% [2] - The U.S. Treasury yields fell across the board, with the 2-year yield dropping over 6 basis points, amid expectations of continued monetary policy easing from the Federal Reserve [2]

Core Viewpoint - Snowflake reported strong Q2 performance, driven by its AI data cloud business, with revenue growth of 32% year-over-year, surpassing analyst expectations [1][4]. Financial Performance - Q2 net loss was $298 million, with a loss per share of $0.89; revenue reached $1.144 billion, exceeding the expected $1.09 billion [1]. - Non-GAAP earnings per share were $0.35, above the anticipated $0.27 [1]. - Product revenue is projected to be approximately $4.4 billion for the fiscal year ending January, representing a 27% increase from the previous year, exceeding the average analyst estimate of $4.34 billion [1]. Market Position and Competition - Despite concerns about competition from new AI-focused suppliers, Snowflake's platform remains resilient due to its compatibility with various AI models [1]. - The company has seen a 21% increase in new customer acquisition, with 654 customers generating over $1 million in product sales over the past year [8]. - Databricks, a major competitor, recently raised funding, valuing the company over $100 billion, but investor concerns about competition have eased over the past year [7]. Product Development and Strategy - Snowflake is actively developing products to facilitate the use of generative AI technologies on its platform, with new product contributions exceeding expectations in Q2 [4]. - The company added over 500 employees in the quarter, with the number of sales and marketing hires in the past six months surpassing the total from the previous two years [10]. Stock Performance - Snowflake's stock has risen nearly 30% this year, outperforming most software companies, although it experienced a 9% decline in the past month [4]. - Following the earnings announcement, the stock price increased by nearly 13% [1].

Core Insights - Snowflake Inc. reported $1.14 billion in revenue for the quarter ended July 2025, marking a year-over-year increase of 31.8% and exceeding the Zacks Consensus Estimate of $1.09 billion by 5.51% [1] - The company achieved an EPS of $0.35, up from $0.18 a year ago, representing a surprise of 34.62% compared to the consensus estimate of $0.26 [1] Financial Performance Metrics - Remaining performance obligations stood at $6.9 billion, slightly above the average estimate of $6.84 billion from four analysts [4] - The number of customers with trailing 12-month product revenue greater than $1 million increased to 654, surpassing the average estimate of 634 from two analysts [4] - Product revenue was reported at $1.09 billion, exceeding the average estimate of $1.04 billion from 11 analysts, reflecting a year-over-year change of 31.5% [4] - Revenue from professional services and other sources was $54.47 million, above the average estimate of $45.82 million, with a year-over-year increase of 37.7% [4] - Non-GAAP product gross profit reached $833.63 million, exceeding the average estimate of $780.76 million from nine analysts [4] - GAAP product gross profit was reported at $788.18 million, higher than the average estimate of $744.86 million from two analysts [4] Stock Performance - Over the past month, Snowflake's shares have returned -11.2%, contrasting with the Zacks S&P 500 composite's increase of 1.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Points - Nvidia's earnings report is highly anticipated and is seen as a bellwether for the broader market, potentially influencing stock trends for the year [3] - Nvidia's stock has a significant weight in the S&P 500, accounting for approximately 8% [4] - Nvidia reported strong Q2 earnings with revenue of $46.7 billion, exceeding market expectations, but its data center revenue was slightly below expectations [7] Company Performance - Nvidia's Q2 revenue was $46.7 billion, up from $30.04 billion year-over-year, and above the market expectation of $46.058 billion [7] - The company's Q2 net profit was $26.422 billion, compared to $16.599 billion in the same quarter last year, and above the expected $23.465 billion [7] - Nvidia announced an additional $60 billion stock buyback plan [5][7] Market Reaction - Following the earnings report, Nvidia's stock initially dropped over 5% in after-hours trading but later narrowed the decline to under 2% [5] - Despite the drop, Nvidia has exceeded earnings expectations in 12 out of the last 13 quarters, although it has seen stock price declines after earnings releases in 5 instances [5] Other Company Updates - CrowdStrike reported Q2 revenue of $1.17 billion, surpassing expectations of $1.15 billion [8] - Snowflake anticipates Q3 product revenue of approximately $1.13 billion, slightly above analyst expectations [9] - GlobalFoundries reported good progress in obtaining subsidies under the CHIPS Act without the need to relinquish equity [10]