Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Thursday, August 31st, and I'm your host Julie Morgan.

Salesforce jumps as Q2 results tops expectations.

China gives its first nod of approval for AI models,

and CrowdStrike initially slipped but is up now as Q2 results surpass estimates.

Salesforce is up more than 5% pre-market after reporting second quarter results that topped expectations and raised its guidance.

For the period ending July 31st, Salesforce earned and adjusted $2.12 cents per share on 8.6 billion in revenue.

Included in that $8.6 billion was $1.24 billion

from marketing and commerce, $2 billion from services

and more than $1.6 billion from platform and other revenues.

A consensus of analysts had expected sales force to earn $1.88 per share on 8.53 billion in revenue.

Salesforce also raised its fiscal 2024 guidance

as it now expects sales to be between $34. and 34.8 billion dollars up roughly 11% year over year.

Looking to the third quarter, sales force expects sales to

between 8.7 and 8.72 billion dollars.

Crowd strike holdings is up 1.8% pre-market

as the Cybersecurity Company reported second quarter results and guidance that

surpassed Wall Street's expectations.

For the period ending July 31st, Crowdrik earned 74 cents per share, excluding one-time items as revenue

rose 36.7 percent year over year to 731.3 million dollars.

A consensus of analysts had expected Crowd Strike to earn 56 cents per share, excluding one-time items

on 724.39 million dollars in revenue.

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