NVIDIA, HubSpot, and CrowdStrike in the Crosshairs as Rate Expectations Shift
The upcoming August CPI print is set to impact next week's Fed decision and has led to a shift in rate expectations. This change affects interest-rate-sensitive growth and tech stocks, which are now under scrutiny. One such stock is NVIDIA (NVDA), a global AI and semiconductor company that supplies chips and software for data centers, cloud computing, gaming, and advanced automotive systems.
NVIDIA's AI-heavy data center business is closely tied to investor appetite for long-duration cash flows when interest-rate expectations shift. The company generates around $276 billion from Compute & Networking and $28 billion from Graphics, with most sales coming from the United States and Taiwan.
HubSpot (HUBS) is another rate-sensitive growth and tech stock that fits this story. It provides a cloud-based CRM platform that helps mid-market businesses manage marketing, sales, service, content, and commerce through subscription software. HubSpot generates around $3.4 billion in revenue from Internet Software & Services, with a portion of sales reported from Asia Pacific.
CrowdStrike Holdings (CRWD) is also a key player in the rate-sensitive growth and tech theme. It runs a cloud-native cybersecurity platform that protects endpoints, identities, data, and AI workloads through recurring SaaS subscriptions. CrowdStrike generates around $5.4 billion from security software and services, with most revenue from the United States and the rest across EMEA and Asia Pacific.