Earnings
Elastic delivered stronger-than-expected fiscal Q1 results as AI adoption, record large-customer additions and rising contracted commitments strengthened its growth outlook. The company raised fiscal 2027 guidance as ESTC stock rallied sharply.
Earnings
Marvell Technology fell sharply despite record revenue and higher long-term forecasts, as investors focused on the timing of its Google AI partnership and wanted more near-term upside from a stock that had already surged in 2026.
Earnings
Workday delivered stronger-than-expected quarterly results as AI products drove more than 25% of new annual contract value. But an early fiscal 2028 outlook points to slower subscription growth even as profitability continues to improve.
Earnings
Autodesk delivered stronger Q2 revenue, subscriptions and margins while raising its full-year revenue and billings outlook, but MaintainX dilution and below-consensus Q3 earnings guidance sent shares lower.
Business Trends
Micron shares moved lower even as Nvidia disclosed a sharp increase in commitments tied primarily to memory procurement, highlighting a split between strong AI-memory fundamentals and a memory trade that had already produced extraordinary stock gains.
Earnings
Nvidia’s fiscal Q2 revenue more than doubled as Data Center sales reached a record $89 billion. A roughly 70% fiscal 2028 growth outlook and supply constraints reinforced the scale of AI demand, sending Nvidia shares sharply higher.
Earnings
Okta shares surged after stronger bookings, rising subscription backlog and higher guidance reinforced demand for identity security. New products represented about 30% of Q2 bookings as AI-agent security opened broader customer conversations.
Earnings
Salesforce shares surged after stronger bookings, accelerating AI revenue and higher fiscal 2027 guidance eased concerns about AI disruption. Agentforce and Data 360 ARR reached nearly $3.9 billion as cRPO growth accelerated to 14%.
Earnings
CrowdStrike delivered record net new annual recurring revenue as demand strengthened across its cybersecurity platform, prompting a higher fiscal 2027 outlook and a sharp rally in CRWD stock.
Earnings
Intuit delivered stronger-than-expected quarterly results, but weaker fiscal 2027 growth guidance and plans to compete more aggressively on price pressured the stock as the company works to rebuild customer acquisition across TurboTax and QuickBooks.
Earnings
Zoom Communications beat second-quarter expectations and raised its full-year outlook, but softer third-quarter guidance sent shares lower as investors weighed stronger Enterprise and AI adoption against sluggish Online growth and margin pressure.
Innovation & Tech
Navitas Semiconductor is expanding deeper into AI data-center power infrastructure with a deal to acquire Claros for up to $232.8 million, more than doubling its identified 2030 addressable market while keeping its existing profitability timeline unchanged.