Today’s Top Premarket Stocks: Nvidia, Dollar General, Snowflake

The premarket on August 28, 2025, was defined by Earnings and Expectations, as Nvidia, Dollar General, and Snowflake each experienced significant stock movements following their latest earnings reports and forward guidance. While all three companies delivered notable results, investor reactions varied widely, influenced by factors ranging from AI demand and tariff concerns to long-term growth prospects.

Nvidia’s Premarket Dip: A Tale of High Expectations

Strong Earnings, Tepid Forecast

Nvidia Corporation, under the leadership of CEO Jensen Huang, reported impressive fiscal second-quarter 2026 earnings after market close on Wednesday, August 27, 2025. The company delivered better-than-estimated profit and revenue, reporting $46.7 billion, a substantial 56% increase year-over-year. Adjusted earnings per share reached $1.05. However, this wasn’t enough to satisfy all investors.

While the overall numbers were strong, the critical data center business revenue, which came in at $41.1 billion, slightly missed analyst forecasts. Furthermore, Nvidia’s third-quarter revenue forecast of $54 billion, while a record, was deemed “tepid” by some investors given the extraordinarily high expectations surrounding the company, according to reports from various financial news outlets.

AI Boom and China Concerns

CEO Jensen Huang sought to reassure investors about the long-term prospects, projecting a multi-trillion-dollar market opportunity in AI over the next five years. Nvidia also emphasized its commitment to sustainability, highlighting its achievement of 100% renewable electricity at its offices and data centers. However, uncertainties regarding U.S. restrictions on H20 chip sales to China continued to weigh on investor sentiment. Market analysts from firms like Morgan Stanley, UBS, and HSBC closely monitored these developments.

Impact on Stock Performance

The combination of a slight miss on data center revenue and concerns about the Chinese market led to a premarket stock dip for Nvidia. Shares fell between 1% and 3%, indicating that the market had already priced in much of the company’s rapid growth. As such, any minor shortfall was magnified in the eyes of investors.

Dollar General: Navigating Tariffs and Consumer Behavior

Earnings Beat, Tariff Warning

Dollar General Corporation, with CEO Todd Vasos at the helm, reported strong second-quarter fiscal year 2025 earnings, exceeding Wall Street estimates. The company posted adjusted earnings per share of $1.86 on net sales of $10.72 billion, a 5.1% increase year-over-year. Same-store sales rose by 2.8%, driven by increased customer traffic and higher average transaction amounts.

The company also raised its full-year 2025 guidance for EPS to $5.80-$6.30 and net sales growth to 4.3%-4.8%. CEO Todd Vasos credited the strong results to improved execution and initiatives resonating with customers. However, Vasos also issued a cautionary note, warning that tariffs are contributing to higher prices for consumers. According to Dollar General’s Investor Relations, this factor introduced a degree of investor apprehension.

Initial Surge and Subsequent Reversal

Dollar General shares initially rallied as much as 9% in premarket trading following the earnings release. However, the stock later reversed course, closing nearly 4% lower. This suggests that while the earnings beat was significant, investor caution regarding potential cost pressures from tariffs and potential shifts in consumer behavior tempered the initial enthusiasm. CFO Kelly Dilts also contributed to discussions regarding the company’s financial outlook.

Value Proposition and “Trade-Down” Effect

The company’s strong performance was partly attributed to increased demand from value-seeking consumers, including a “trade-down” effect from higher-income shoppers. This trend reflects the current economic climate, where consumers are increasingly prioritizing affordability.

Snowflake’s AI-Driven Ascent

Exceeding Expectations

Snowflake Inc., guided by CEO Sridhar Ramaswamy, reported impressive fiscal second-quarter 2026 earnings, substantially surpassing Wall Street’s expectations. The company reported adjusted earnings per share in the range of $0.35-$0.38, exceeding the consensus estimate of $0.27. Revenue also exceeded expectations, coming in at $1.14-$1.15 billion versus the $1.09 billion consensus, marking a 31.8%-32% year-over-year increase. These figures were corroborated by Visible Alpha.

AI Adoption and Raised Outlook

Snowflake also raised its full-year product revenue forecast to approximately $4.4 billion from $4.33 billion, indicating a 27% year-over-year growth. CEO Sridhar Ramaswamy emphasized Snowflake’s strong position in enterprise AI and the growing adoption of its AI features by thousands of customers weekly. According to BNN Bloomberg, analysts increasingly view Snowflake as a “top pick as an AI breakout play.”

Stock Surges on Investor Confidence

Snowflake’s stock surged dramatically in response to the strong earnings and optimistic outlook, jumping between 13% and 16.25% in premarket trading. This performance positions the stock for potentially its best day since late November, should these gains hold. The surge reflects a substantial boost in investor confidence, driven by the company’s success in capitalizing on the growing demand for AI-driven data solutions. Firms such as Jefferies and Bank of America have issued positive reports on Snowflake following the earnings release.

Conclusion

The premarket activity on August 28, 2025, highlighted the complex interplay between earnings, expectations, and market sentiment. Nvidia’s dip despite strong earnings underscores the high stakes in the AI sector. Dollar General’s reversal illustrates the impact of external factors like tariffs on consumer-focused businesses. Snowflake’s surge demonstrates the market’s enthusiasm for companies successfully leveraging the AI boom. These movements provide valuable insights into the current state and future trajectory of key sectors within the stock market.