英伟达70%增长预期推动AI行情，美股收盘涨跌分化

And right now we are two minutes away from the end of the trading day. Romaine Bostick here with Emily Griffel taking you through to that closing bell. It's a global simulcast. Tim joins us from the radio booth. Lisa Mateo in today for Carol Massar. Welcome to our audiences across all of our Bloomberg platforms. Television, radio. Our partnership with YouTube. And of course, to pass the most crucial question of the day.

Lisa Mateo, who's worst to work with come Saturday for Tom Keene? You're going to put me on the spot with that. I know that Tom's probably watching him having a heart attack right now. Sorry. We love them. Not bad. Oh. Thank you. Lisa's just going to say that until tomorrow. Then she can go back to work. You know, it's saying it's better to work with Tom because she's only with us until tomorrow. But it's been great so far.

One thing that I am watching here, guys, and I don't want to kind of steal anything from Emily here, but I can't help but look at the concentration risk or what some are referring to as concentration risk. In today's trade, I mean, nearly every industry group is lower except for information technology. So this is really even though we're seeing the indexes higher today. It's really just about tech. Yeah, the breath is bad.

Um, in this market. And you can see that not only in the composition of the S&P 500, but also in the Russell 2000, underperforming in the Nasdaq 100. Really, uh, leading the way here. Yeah. And I'm keeping an eye on yields with sticky inflation. You have to look at yields are higher. Uh the two year 4.22229 are up about two basis points. We have the ten year at 4.67. Uh and that's up about two basis points as well. Yeah.

The coin called bit A holding out right around that 8000 mark. You are seeing oil slightly higher on the day. And you talk about that concentration risk. I know we're going to talk a little bit more about that in a second. But this is basically the Nvidia rally. The majority of the point gains in the S&P 500 directly attributable to that name. But you know, sometimes you take a gain where you can get it up 50 points on the day for the S&P right around that 7730 mark up about 7/10 of 1%.

The Dow adding about 100 points or 2/10 of 1%. The Nasdaq composite up about 1.6% to close out the day, while the Nasdaq 100 adding 1.4 and the Russell 2000. Getting in on the action with a gain of about eight points or 3/10 of 1%. Yeah, just to illustrate that lack of breadth that's happening in the S&P 500 right now, things are still getting settled. But even though the S&P was up more than 7/10 of 1%, Emily, only 150 stocks moved higher.

Today 350 moved lower. And speaking of illustrating, if we go to the eye map, you can really get a good visual of the concentration. The only sector in the S&P 500 that was in the green today was information technology, up 3.4%. Every other sector in the red leading the losses here consumer staples health care and consumer discretionary. But even energy which is kind of a pick and shovel I trade, was not able to post a gain today.

All right I want to remind everybody we are still awaiting earnings. It's still about Nvidia in today's trade. But we're expecting to get worked in remain I think it's crossing right now. Let's actually go to Autodesk first. Autodesk crossing the wire. The knee jerk reaction for the software maker down about 2% a year. Adjusted EPs did rise to about $3.30, uh, year over year from 262 the previous year. Net revenue in the quarter.

About in line with estimates at about 2.05 billion. The street was looking for 2.01 billings in the quarter, also slightly above estimates at about 1.85 billion. And the street overall was looking for 1.81. Here's your forecast. Tim. Autodesk saying that revenue for the current quarter will be in a range of 2.13 to 2.14 billion. The street was looking for 2.0 okay. That's Autodesk I'm looking at what's going on with workday right now.

A lot of eyes on this company after what happened today and yesterday with shares of Salesforce Workday. Second quarter revenue does meet estimates. Shares in the after hours up 2/10 of 1%. The company sees fiscal year subscription revenue coming between 9.94 billion to 9.95 billion, the estimate for $9.95 billion. So pretty much in line there. The company's fiscal year adjusted operating margin at 31%, it saw about 30.5% and the estimate was for 34.5%.

Second quarter revenue coming in. Above estimates ever so slightly at $2.65 billion, and the company says third quarter subscription revenue at $2.52 billion, shares a workday, down about 1.2%. Remember, there was that interest or reported interest earlier this year from Silver Lake that cost shares to move higher. Absolutely. Here. And of course, not all software companies are treated equal. We talk about the big gainers on the day, uh, Tim and Lisa.

And one of them was a software name. And I think we're a lot of folks are wondering whether we can take sort of what was out of Salesforce, uh, and maybe extrapolate into what we would hear from Workday and Autodesk. But obviously, uh, every software company has a little bit of a different take here on how they fit into the AI story. Yeah, we had a great conversation with with Brody about this earlier. I mean, we were told there was going to be a SaaS apocalypse, right?

And even though a gain like today, we're seeing with Salesforce, with the stock up more than, you know, the most going back six years, it's still down around 5% on the year. So it speaks to the challenges that I think some investors in the public markets still have when it comes to the effect of these AI companies on some of these cloud providers or software providers. Yeah, well, I get it. Yeah. And it's this idea though too.

It's like, okay, well, if you're just sort of a generalist in this space, maybe I does eat your lunch if you're more entrenched, which is sort of the argument of Marc Benioff at Salesforce would make that the when you're more entrenched into some of these enterprise unto some of these big corporations and their enterprises, uh, then maybe the AI story isn't as much of a threat. But as you said, uh, the jury's still out.

Yeah, there's been a big rally in these names today, and over the last two weeks, these names are in the range. It doesn't hurt to tell you I'm a day. Join you side by side to to talk about a partnership between anthropic, you know. Oh, absolutely. What some people say is like, okay, the company that is the biggest threat to these SaaS companies. Yeah. Yeah. That doesn't that doesn't hurt. I trust me when I have my annual review I'm going to see if Dario can join me.

Maybe you might have to settle for Claude. Bad news. Claude. Okay. Yeah. No, that's really the question though for these software companies. Like, can they, can they stay resilient in the age of I, do they create their own AI product, or do they choose to partner with other companies, at least for workday? The CFO saying and the results? Our results reflect continued momentum across the platform. AI emerging as a strategic driver of customer expansion.

Look, it's not much to lift the shares right now with the stock down about 4% now, uh, in the after hours two question also about, um, what these companies are doing with cash. The company authorizing an additional $4 billion in share buybacks. That's workday shares down in the after hours, still by 4.3%. Once again, fiscal year, uh, adjusted operating margin. Uh, the company sees fiscal year adjusted operating margin coming in at 31%.

That's an increase of what it saw earlier, which was 30.5%. Like you said, the, um, with that narrowing of its fiscal year subscription revenue forecast. Not doing much for shares in the after hours. All right. Now let's move on to the chip space here and away from, uh, the software space for a second. Marvell as earnings crossing the wire right now. Second quarter revenue does beat slightly 2.74 billion. The street w