Hot Stocks: NVDA and CRM sink on guidance, while NTAP rises on earnings and TDOC pops
Matteo Colombo

Teladoc Health, Inc. (NYSE:TDOC) is out ahead of the markets early on as Amazon (AMZN) publicized plans to shut its Amazon Care telehealth business. Also in the green are shares of NetApp (NASDAQ:NTAP) after delivering Wall Street with a strong earnings report.
On the other end of the spectrum both NVIDIA Corporation (NASDAQ:NVDA) and Salesforce (NYSE:CRM) are in negative territory after the two companies delivered investors with weaker forward guidance.
Gainers
Teladoc Health, Inc. (TDOC) rose 6.3% in early market trading as the telemedicine and virtual healthcare company watched the e-commerce giant Amazon (AMZN) announce plans to shut its Amazon Care telehealth business by the end of the year.
Shares of NetApp (NTAP) picked up ground on Thursday as the company jumped 8.1% after it delivered strong earnings that beat expectations with regards to Non-GAAP EPS and revenue. NTAP posted Q1 Non-GAAP EPS of $1.20, which outdid forecasts by $0.10. The company also reported revenue of $1.59B (+8.9% Y/Y), which surpassed estimates by $40M.
Decliners
NVIDIA Corporation (NVDA) has fallen 3.1% in premarket trading as the multinational semiconductor firm reported a softer forecast for the third-quarter, citing ongoing declines in the PC space. For the upcoming quarter, Nvidia stated that it anticipates revenue to be $5.9B in the upcoming quarter, well below the forecasted $6.92B.
Salesforce (CRM) shares are in the red on Thursday morning by 7.8% as the cloud-based business-software giant provided an outlook that suggested slowing revenue growth ahead. CRM has revised its full-year revenue outlook to between $30.9B and $31B, lower from an earlier forecast of $31.7B to $31.8B.
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