Lisa Mateo

We've gone from basically muted on what was a beat, even against bullish buy-side expectations, to a very bearish reaction to what NVIDIA had to say about the durability of this AI spend.

And there is a lot more to unpick, so much more analysis and reaction to come.

It is halftime, and this is Bloomberg Tech.

Welcome back to Bloomberg Tech.

It is a big day in the markets because it's a big day of earnings.

And the number one most valuable company in the world has failed to impress.

What more is Nvidia to do?

So by 3.9%, they saw 73% increase in revenue for the quarter that they posted for a giant that is worth $4.8 trillion.

They say that that's going to accelerate to 78%.

They see margins that are expanding as well, but yet the market isn't convinced.

And still we see the stocks roll over across the board when you're looking at AMD down, Broadcom, Micron.

They force hardware lower.

Let's look at software, though, because earnings have also been coming thick and fast there.

Both actually in the green.

Snowflake, we just had the CEO on, talking about how they're able to be at the epicenter of the enterprise AI adoption.

And for now, investors believe that.

But I'm looking at Salesforce managing to turn around.

It was down after market yesterday.

They post a $50 billion authorization to buy back shares.

We're seeing an adoption of agent force that is now at $800 million run rate, up from 500.