Check out the companies making headlines before the bell: CrowdStrike — The cybersecurity stock dropped 4% after Guggenheim downgraded CrowdStrike to neutral from buy, saying the company is unlikely to emerge unscathed from the global outage. Nvidia — Shares gained 2% after Reuters, citing people familiar with the matter, reported Nvidia is preparing a version of its new Blackwell chips for the Chinese market. They would be compatible with current U.S. export controls, the report said.
In the second quarter, the company reported sales of $32.8 billion, below the $33.05 billion FactSet consensus estimate. Adjusted earnings per share of $1.15 came in line with estimates. Abercrombie & Fitch — The retail stock jumped more than 3% after JPMorgan upgraded Abercrombie & Fitch to overweight from neutral, citing strong demand for the brand after improvements in marketing in recent years.
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