Zoom Video Communications is trading 4.17% up now at $97.74 as software stocks rally following strong Nvidia, Salesforce, and CrowdStrike results.
- The move also appears to reflect a rebound after the August 26 selloff, when investors focused on cautious third-quarter profit guidance despite Zoom’s second-quarter earnings beat.
- Reuters reported that the outlook signaled competitive pressure while Zoom expands its AI offerings.