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NVDA, CRM, SNOW Earnings Could Move Markets
Tom White
February 25, 2026
U.S. stock futures are slightly higher in premarket trading and are extending yesterday’s gains. Major stock averages rose on Tuesday as fears about artificial intelligence disruption across several industries dissipated.
Software and cybersecurity stocks also saw a relief rally in the regular session after Anthropic launched new connectors and plugins for its knowledge worker tool, Claude Cowork.
The moves come ahead of Nvidia’s (NVDA) quarterly earnings report, as well as results from software giant Salesforce (CRM) and Snowflake (SNOW), due after the closing bell. Nvidia’s results could still be make-or-break for the direction of the U.S. stock market due to its size within the major indices.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are up 0.7% near $66.10 a barrel, just below seven-month highs, as Iran said it was prepared to take any necessary steps to reach a deal with the United States ahead of nuclear talks later this week.
Gold (/GC) – Gold futures are up 0.5% near $5200, near a three week high as profit taking and a firmer dollar pressured prices, while traders awaited clarity on U.S. tariff plans and the outcome of talks between Washington and Tehran.
Bitcoin (/BTC) – The Crypto Future is up over 2% near 66,000 in premarket trading.
VIX – The CBOE Volatility Index was down 7% on Tuesday and settled at 19.55 as stocks were higher.
U.S. Dollar (/DX) – The dollar is flat at 97.8.
Biggest Premarket Movers (as of 7 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
AXON | Axon Enterprise | +16.45% |
ALB | Albemarle | +8.23% |
COIN | Coinbase | +4.13% |
STX | Seagate Tech | +3.03% |
HOOD | Robinhood | +2.75% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
FSLR | First Solar | -16.13% |
WDAY | Workday | -9.47% |
GDDY | Godaddy | -8.99% |
HPQ | HP Inc. | -5.82% |
LOW | Lowe’s | -3.62% |
Economic Data
Time | Event |
|---|---|
7:00 AM ET | MBA Mortgage Applications |
9:35 AM ET | Fed’s Barkin Speaks |
10:00 AM ET | New Home Sales (Delayed) |
10:30 AM ET | Oil Inventories |
11:00 AM ET | Fed’s Schmid Speaks |
1:00 PM ET | 5-Year Note Auction |
1:20 PM ET | Fed’s Musalem Speaks |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
BMO, BLMN, CRCL, DIN, HSBC, LOW, OC, PLAB, TBLA, TJX, TPH | A, APA, ARRY, BJRI, AI, CHDN, EHTH, FTAI, GDRX, IMAX, JOBY, NOG, NU, NTNX, NVDA, PSTG, RRGB, CRM, SNOW, SNPS, TDOC, TKO, TTD, TCOM, UHS, URBN, ZIP, ZM | GOLF, BIDU, CELH, CARS, LNG, QBTS, DCI, GIL, HTZ, HRL, IQ, SJM, DNUT, NXST, NVAX, PZZA, PENN, RXT, SRE, SHAK, FOUR, STLA, TD, VIPS, VST | AES, AMBA, ADSK, XYZ, CLOV, CTRA, CRWV, CPNG, DELL, DUOL, FLUT, INTU, MARA, MASI, MTZ, MNST, NTAP, PGNY, QXO, REAL, RKT, RKLB, SBAC, SOLV, SOUN, RUN, SG, WULF, ZS |
Upgrades/Downgrades
UBS upgrades IBM (IBM) to Neutral from Sell
Oppenheimer upgrades Oracle (ORCL) to Outperform from Perform
Jefferies upgrades Enphase Energy (ENPH) to Buy from Hold
Evercore ISI downgrades Workday (WDAY) to In Line from Outperform
TD Cowen downgrades Workday (WDAY) to Hold from Buy
Wells Fargo downgrades Kroger (KR) to Equal Weight from Overweight
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