Biggest stock movers Thursday: NVDA, SNOW, and more

[Man looking at currency trading app on his smart phone from his home office]
Alistair Berg

Stock futures showed modest gains early Thursday, but technology shares lagged as Nvidia's blockbuster earnings failed to excite the market, with concerns over data center growth tempering the momentum. Meanwhile, uncertainty clouded the Japan-U.S. trade negotiations after Japan’s chief negotiator pulled out of a trip to Washington, raising doubts about a deal.

Here are some of Thursday's biggest stock movers:

BIGGEST STOCK GAINERS

*
SNOWFLAKE (NYSE:SNOW [https://seekingalpha.com/symbol/SNOW]) +13% - Shares jumped after the Bozeman-based data cloud company delivered strong Q2 results and upbeat guidance. The company expects Q3 product revenue of $1.13B, slightly above the $1.12B consensus, and raised its FY2026 product revenue outlook to $4.4B from $4.33B, compared with estimates of $4.34B. CEO Sridhar Ramaswamy highlighted growing adoption, noting that over 6,100 accounts use Snowflake’s AI weekly, adding that its platform’s ease of use, connectivity, and trust make it integral for businesses across industries.

BIGGEST STOCK LOSERS

* NETAPP (NASDAQ:NTAP [https://seekingalpha.com/symbol/NTAP]) -7% - Shares slipped after reporting FQ1 results that only narrowly beat expectations. For FQ2, the intelligent data infrastructure company guided adjusted EPS between $1.84 and $1.94 (midpoint above the $1.87 consensus) and revenue of $1.62B–$1.77B vs. $1.68B expected. For FY2026, NetApp projects adjusted EPS of $7.60–$7.90 and revenue of $6.625B–$6.875B, compared to analyst estimates of $7.75 and $6.77B, respectively.
* CROWDSTRIKE HOLDINGS (NASDAQ:CRWD [https://seekingalpha.com/symbol/CRWD]) -4% - Shares dropped even after posting better-than-expected Q2 results, as its Q3 revenue forecast of $1.21B–$1.22B came in just shy of the $1.23B consensus. The company guided Q3 adjusted EPS of $0.93–$0.95, above estimates, and raised its full-year outlook, now projecting EPS of $3.60–$3.72 (midpoint $3.66 vs. $3.51 expected) and revenue of $4.75B–$4.81B, in line with forecasts. CrowdStrike also announced the acquisition of Onum, a real-time telemetry pipeline firm, to bolster its Falcon Next-Gen SIEM platform.
* NVIDIA (NASDAQ:NVDA [https://seekingalpha.com/symbol/NVDA]) -3% - Shares fell despite reporting Q2 results and guidance that exceeded expectations, alongside unveiling a major share buyback program. However, its critical data center revenue of $41.1B (+56% Y/Y) came in just below analyst forecasts of $41.29B, and growth slowed compared to previous quarters. Additionally, Nvidia did not include new H20 chip shipments to China in its guidance due to regulatory uncertainty, raising investor concerns about future sales in a key market.

MORE ON RELATED STOCKS:

* NetApp, Inc. 2026 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4817319-netapp-inc-2026-q1-results-earnings-call-presentation]
* NetApp, Inc. (NTAP) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4817317-netapp-inc-ntap-q1-2026-earnings-call-transcript]
* CrowdStrike Holdings, Inc. 2026 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4817300-crowdstrike-holdings-inc-2026-q2-results-earnings-call-presentation]
* Nvidia CFO: Still waiting for Trump's 15% commission plan to be codified [https://seekingalpha.com/news/4489840-nvidia-cfo-trump-commission-plan-ai-chip-sales-china]
* CrowdStrike projects at least 40% net new ARR growth in back half FY26 driven by AI and platform adoption [https://seekingalpha.com/news/4489814-crowdstrike-projects-at-least-40-percent-net-new-arr-growth-in-back-half-fy26-driven-by-ai]