Nvidia earnings, CrowdStrike, retail stock reactions: Morning Brief

Today on the Morning Brief, hosts Brad Smith and Alexandra Canal dive into the biggest market headlines ahead of the opening bell.

The spotlight is on Nvidia (NVDA), whose shares declined following a second quarter report that beat expectations for both revenue and profit. I/O Fund Lead Tech Analyst Beth Kindig joins to explain why Nvidia remains positioned for long-term growth despite the market reaction.

The show then shifts focus onto retail stock reactions to recent consumer data and earnings reports, including Best Buy (BBY), Dollar General (DG), Five Below (FIVE), Birkenstock (BIRK), and Big Lots (BIG), with the latter reportedly considering filing for bankruptcy.

Finally, CrowdStrike (CRWD) takes center stage after surpassing quarterly expectations following its global tech outage in July. KeyBanc Capital Markets equity research analyst Eric Heath discusses why investors still view CrowdStrike as a leader in the cybersecurity space despite the recent disruption.

This post was written by Angel Smith