Nvidia reported a strong quarterly revenue of $81.6 billion, up 85% year-over-year, driven by the surge in AI demand. The company's data center revenue reached a record $75.2 billion. This growth is not limited to a handful of hyperscale cloud providers, thanks to emerging AI infrastructure customers.
Zscaler acquired Symmetry Systems to enhance its AI security capabilities. The deal brings Symmetry Systems' identity-mapping and data-access technology into Zscaler's Zero Trust Exchange platform. This will help companies track how human users, software applications, AI agents, and data interact across their operations.
Other tech giants are also making significant moves in AI. Google's TPUs and Meta's MTIA are examples of custom AI ASICs. Broadcom has a $73 billion AI backlog and is targeting $100 billion in annual AI chip revenue by 2027. IBM's generative AI book of business reached $12.5 billion, while Oracle's remaining performance obligations swelled to $553 billion.
Several companies are benefiting from the AI construction boom, including 3M, Ecolab, and nVent, which provide products and services for data center construction. Nasdaq eVestment is using agentic AI to speed up investment insight generation for financial professionals. SpaceX is investing $2.8 billion to buy gas turbines for its AI data centers.
Key Takeaways
- Nvidia reported a revenue of $81.6 billion, up 85% year-over-year, driven by AI demand.
- Nvidia's data center revenue reached a record $75.2 billion.
- Zscaler acquired Symmetry Systems to enhance its AI security capabilities.
- Google and Meta are developing custom AI ASICs, including TPUs and MTIA.
- Broadcom has a $73 billion AI backlog and targets $100 billion in annual AI chip revenue by 2027.
- IBM's generative AI book of business reached $12.5 billion.
- Oracle's remaining performance obligations swelled to $553 billion.
- 3M, Ecolab, and nVent are benefiting from the AI construction boom.
- Nasdaq eVestment is using agentic AI to speed up investment insight generation.
- SpaceX is investing $2.8 billion to buy gas turbines for its AI data centers.
Zscaler to Acquire Symmetry Systems for AI Security
Zscaler announced its intent to acquire Symmetry Systems, a company specializing in identity mapping and data access for AI security. The acquisition aims to address challenges enterprises face in governing AI agents. Zscaler plans to integrate Symmetry Systems' access graph technology into its Zero Trust Exchange platform to track AI agent interactions with systems and sensitive data.
Zscaler Acquires Symmetry Systems for AI Security Push
Zscaler has agreed to acquire Symmetry Systems to enhance its AI security capabilities. The deal brings Symmetry Systems' identity-mapping and data-access technology into Zscaler's Zero Trust Exchange platform. This will help companies track how human users, software applications, AI agents, and data interact across their operations.
Zscaler Acquires Symmetry Systems to Expand Zero Trust Security for AI Agents
Zscaler acquired Symmetry Systems to combine Zero Trust security with access graph technology. This will map and secure AI agent communication at scale, enhancing visibility, least-privilege policies, anomaly detection, and blast-radius analysis. The acquisition is expected to close soon.
Zscaler Acquires Symmetry Systems to Extend AI Agent Security Capabilities
Zscaler acquired Symmetry Systems, a startup that helps companies monitor their data assets. The deal expands Zscaler's capabilities in AI agent security. Symmetry Systems' platform provides visibility into datasets and lends itself to various use cases, including detecting ransomware attempts and easing regulatory compliance.
Nvidia Reports Strong Quarterly Revenue Amid AI Demand Surge
Nvidia reported a revenue of $81.6 billion, up 85% year-over-year, driven by AI demand. The company's data center revenue reached a record $75.2 billion. Nvidia's growth is no longer tied to a handful of hyperscale cloud providers, thanks to emerging AI infrastructure customers.
Nvidia Posts Eye-Watering $81.6 Billion Q1 Profit Thanks to AI Boom
Nvidia announced its financial results, posting a $81.615 billion revenue, up 85% year-over-year. The company will no longer report sales of graphics solutions as a separate segment. Nvidia's data center revenue hit $74.55 billion, driven by AI and data center hardware demand.
GE Vernova Sees Record Orders and Revenue Growth
GE Vernova reported $18.30 billion in Q1 2026 orders, up 71% organically. The company's Electrification segment captured $2.4 billion in data center equipment orders, exceeding all of 2025 combined. GE Vernova's backlog reached a record $150 billion.
These 2 AI Giants Have Been Dormant, But Might Surprise Investors
Enterprise tech giants IBM and Oracle have been overlooked by retail investors but have credible AI revenue streams and strong backlogs. IBM's generative AI book of business reached $12.5 billion, while Oracle's remaining performance obligations swelled to $553 billion.
Nvidia Crushes Earnings but Traders Still Question the Next AI Chapter
Nvidia reported strong earnings, but the stock price dropped due to high expectations. The company's data center business delivered impressive results, but traders are concerned about future growth and demand trends. Nvidia's valuation has gotten ahead of strong results, making it challenging to clear the bar for a rally.
Minnesota Companies Cash in on AI Construction Boom
Several Minnesota companies, including 3M, Ecolab, and nVent, are benefiting from the AI construction boom. They are providing products and services for data center construction, such as electrical components and efficient cooling systems. The demand for data centers is driving growth for these companies.
Nasdaq eVestment AI: Speeding Up Investment Insights
Nasdaq eVestment is using agentic AI to speed up investment insight generation for financial professionals. The platform automates complex data analysis and query generation, enabling faster decision-making. This innovation is particularly impactful for institutional investors and asset managers.
The Custom AI ASIC State of Play
The article discusses the current state of custom AI ASICs, including Broadcom's deals, Google's TPUs, Meta's MTIA, and more. Broadcom has a $73 billion AI backlog and is targeting $100 billion in annual AI chip revenue by 2027.
Markets Rally, Oura IPO, Dimon on AI Jobs
The Dow Jones Industrial Average hit a new all-time high. Oura Health prepares for an IPO, and Jamie Dimon discusses AI's impact on jobs. The market's resilience suggests that investors are focusing on broader economic indicators and corporate performance.
NRG Energy Jumps 7.1% as AI-Driven Power-Demand Trade Lifts Independent Generators
NRG Energy's stock jumped 7.1% due to its involvement in the AI-driven power-demand trade. The company's growth strategy focuses on building generation for hyperscalers and scaling virtual power plants. NRG completed a major LS Power portfolio acquisition, expanding its virtual power plant platform.
SpaceX Is Spending $2.8 Billion to Buy Gas Turbines for Its AI Data Centers
SpaceX is spending $2.8 billion to buy gas turbines for its AI data centers. The investment aims to power its data centers sustainably and support its growing AI and cloud computing operations. The move is part of SpaceX's strategy to become a big player in the cloud computing market.
Sources
- Zscaler to acquire Symmetry Systems for AI security
- Zscaler to buy Symmetry Systems in AI security push
- Zscaler to Acquire Symmetry Systems to Expand Zero Trust Security for AI Agents
- Zscaler acquires Symmetry Systems to extend its AI agent security capabilities
- Nvidia’s H200 sales prospects in China remain uncertain despite Huang visit
- Nvidia no longer reports sales of graphics solutions as a separate segment — posts eye-watering $81.6 billion Q1 profit thanks to AI boom
- Forget Vistra. One Quarter of Orders at GE Vernova Exceeded All of Last Year. That Is the AI Power Trade Worth Owning
- These 2 AI Giants Have Been Dormant. That's Exactly Why They Might Surprise Investors
- Nvidia Crushes Earnings but Traders Still Question the Next AI Chapter
- Minnesota companies cash in on the AI construction boom
- Nasdaq eVestment AI: Speeding Up Investment Insights
- The custom AI ASIC state of play (May 2026) — Broadcom deals, Google TPUs, Meta MTIA & beyond
- Markets Rally, Oura IPO, Dimon on AI Jobs
- NRG Energy jumps 7.1% as AI-driven power-demand trade lifts independent generators
- SpaceX Is Spending $2.8 Billion to Buy Gas Turbines for Its AI Data Centers
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