AI Stocks Dip

Okta, Snowflake both drop in premarket on weak guidance. [Trade of the Day Wake-Up Watchlist] Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were lower on Thursday. Investors are looking ahead to the U.S. core personal consumption expenditure gauge data due later today. The data will likely show a rough path to reach the Fed’s 2% inflation target, and a hotter-than-expected reading could erase any hope of a rate cut in March. No matter what the Federal Reserve does, we have strategies for consistent winning trades in [The War Room.]( One of our favorite patterns allows us to make trades even when the indexes are going down. [Click here to discover the “Perfect Timing Pattern.”]( Here’s a look at the top-moving stocks this morning. Okta, Inc. (Nasdaq: OKTA) Okta is up 23.33% in premarket after reporting a 19% year-over-year increase in Q4 revenue, reaching $605 million. Subscription revenue also grew by 20% year-over-year to $591 million in Q4. Going public in 2017, the San Francisco-based company continues to deliver strong financial performance in 2024, citing strong demand from large customers. Snowflake (NYSE: SNOW) Snowflake is down 22.32% in premarket after the cloud-based warehouse company offered disappointing guidance for its January 2025 fiscal year. The company also announced that CEO Frank Slootman is retiring, and will be replaced by Sridhar Ramaswamy, who previously served as the senior VP of AI at Snowflake. [The AI Singularity Clock Is Ticking]( We've seen the dot-com crash... the housing bubble... and the COVID crash... but we've never seen anything like what's coming for artificial intelligence in as little as three months. It's called "the Singularity," and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans. [Click here to ensure you'll be on the right side of this historic event.]( Pure Storage (NYSE: PSTG) Pure Storage is up 7.72% in premarket trading after reporting revenue on subscription services that were above the eight-analyst average estimate of $320.50 million. The number represents a year-over-year change of 24.1%. Salesforce, Inc. (NYSE: CRM) Salesforce is down 1.76% premarket despite its latest earnings beat. The stock fell on weak guidance, expecting revenue in the range of $37.7 billion to $38 billion, with growth of 9% vs. estimates of $38.57 billion, or 11% growth. According to analysts, growth from its artificial intelligence product upgrades aren’t expected to kick in until fiscal 2026. "It is abundantly clear that [this man]( is of genius mentality... His trading system is a game-changer!" 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