Nvidia's strong earnings report has reignited the AI trade, with the company's shares surging 8.7% and lifting the Nasdaq 1.57% to 26,541.35. The chip giant's robust forecast illustrated relentless demand for AI computing, with a projected 70% revenue growth for the next fiscal year.
Other tech companies also saw significant gains, with Salesforce jumping 22.6% after reporting strong profits and citing AI as a key driver of growth. Workday reported $2.65 billion in quarterly revenue, with over half of new wins signing up for at least one AI solution.
Google has also made a significant move in the AI space, rehiring Barret Zoph, co-founder of Thinking Machines Lab, as a vice president of research at Google DeepMind. Meanwhile, Alice, an AI trust, safety, and security company, raised $140 million in funding to develop its AI security solutions.
The AI boom is expected to continue, with investors predicting that the US and China will share global leadership in AI within five years. Brazil's government-backed initiative is also offering AI training to 5,000 women entrepreneurs, combining practical AI training with mentoring and support for women-led small businesses.
Key Takeaways
["Nvidia's shares surged 8.7% after delivering stronger profit and revenue than expected.", 'Salesforce jumped 22.6% after saying AI helped it deliver one of its best quarters.', 'Nvidia projected 70% sales growth for the next fiscal year, sending its shares on their biggest one-day rally since April 2025.', 'Google rehired Barret Zoph, co-founder of Thinking Machines Lab, as a vice president of research at Google DeepMind.', 'Alice, an AI trust, safety, and security company, raised $140 million in funding to develop its AI security solutions.', 'Workday reported $2.65 billion in quarterly revenue, with over half of new wins signing up for at least one AI solution.', "The Nasdaq outperformed peers after Nvidia's blockbuster results reaffirmed the strength of the AI boom.", "US stocks opened higher after Nvidia's latest results and outlook renewed investor confidence in the artificial intelligence trade.", 'Investors predict that the US and China will share global leadership in AI within five years.', "Brazil's government-backed initiative offers AI training to 5,000 women entrepreneurs, combining practical AI training with mentoring and support for women-led small businesses."]Nvidia Leads Nasdaq Surge as AI Trade Roars Back
Nvidia's 8.7% surge and strong guidance reopened the AI trade, lifting the Nasdaq 1.57% to 26,541.35. Salesforce, CrowdStrike, and Okta surged as earnings challenged the AI replacement case for software stocks. Yields near 4.68% and crude near $90 leave the AI rally exposed to a tough Fed message from Warsh.
US Futures Higher as AI Business Booms
Technology stocks led Wall Street after Nvidia, Salesforce, and others reported strong profits. Nvidia rallied 8.7% after delivering stronger profit and revenue than expected. Salesforce jumped 22.6% after saying AI helped it deliver one of its best quarters.
Nasdaq Poised to Lead Wall St After Nvidia Puts AI Fears to Rest
The tech-heavy Nasdaq outperformed peers after Nvidia's blockbuster results reaffirmed the strength of the AI boom. Nvidia shares jumped 7.3% after the chip giant's robust forecast illustrated relentless demand for AI computing.
Nasdaq Futures Take Lead After Nvidia Forecast Refuels AI Trade
The tech-heavy Nasdaq outperformed peers after Nvidia's blockbuster results reaffirmed the strength of the AI boom. Nvidia shares jumped 7.3% after the chip giant's robust forecast illustrated relentless demand for AI computing.
NVIDIA Rises 9% as AI Trading Recovers
NVIDIA surged nearly 9% after reporting strong revenue and a 70% revenue growth forecast for the next fiscal year. The chip index rose over 2%, outperforming the broader market.
Tech Stocks Lead Wall Street After Nvidia, Salesforce Say AI Is Creating Big Growth
Technology stocks led Wall Street after Nvidia and Salesforce reported strong profits. Nvidia rallied 8.7% after delivering stronger profit and revenue than expected.
Nasdaq Opens Higher as Nvidia Earnings Revive AI Trade
US stocks opened higher after Nvidia's latest results and outlook renewed investor confidence in the artificial intelligence trade. Nvidia shares jumped 5.59% in premarket trading.
Google Rehires an AI Founder as Cloud Reaches 21% of Sales
Alphabet rehired Barret Zoph, co-founder of Thinking Machines Lab, as a vice president of research at Google DeepMind. Google Cloud revenue reached 21% of Alphabet's total sales.
Subscription Revenues & AI Investments Aid VRSK Amid High Debt
Verisk Analytics' subscription revenues and AI investments have aided the company in navigating high debt and rising personnel costs. The company's subscription-based model has been a key driver of its growth.
Nvidia Sales Forecast Sends Shares on Biggest Rally Since 2025
Nvidia projected 70% sales growth for the next fiscal year, sending its shares on their biggest one-day rally since April 2025.
Brazil Offers AI Training to 5,000 Women Entrepreneurs
Brazil's government-backed initiative offers AI training to 5,000 women entrepreneurs, combining practical AI training with mentoring and support for women-led small businesses.
Alice Raises $140M for AI Security
Alice, an AI trust, safety, and security company, raised $140 million in funding to develop its AI security solutions.
US, China to Share AI Leadership
Investors predict that the US and China will share global leadership in AI within five years, with 56% of investors believing the two countries will be joint leaders.
Thinking Machines Lab Co-Founder Barret Zoph Joins Google
Barret Zoph, co-founder of Thinking Machines Lab, joined Google as a vice president of research, bringing deep model-research experience and knowledge of Google's ecosystem.
Marvell Falls 7% as Google AI Payoff Lands in Fiscal 2029
Marvell Technology Group Inc. fell 7.3% in premarket trading after the company said it would deliver a major Google AI deal in fiscal 2029.
Workday Says AI Is Winning Customers
Workday reported $2.65 billion in quarterly revenue and said over half of net new wins signed up for at least one AI solution.
Sources
- Nasdaq Index: Nvidia Leads Software ETF Surge as AI Trade Roars Back
- US futures mostly higher as the artificial intelligence business booms
- Nasdaq poised to lead Wall St after Nvidia puts AI fears to rest
- Nasdaq futures take lead after Nvidia forecast refuels AI trade
- NVIDIA Rises 9% as AI Trading Recovers, S&P 500 and Nasdaq Gain
- Tech stocks lead Wall Street after Nvidia, Salesforce and others say AI is creating big growth
- Nasdaq opens higher as Nvidia earnings revive AI trade, software stocks jump
- Google Rehires an AI Founder as Cloud Reaches 21% of Sales
- Subscription Revenues & AI Investments Aid VRSK Amid High Debt
- Nvidia Sales Forecast Sends Shares on Biggest Rally Since 2025
- Brazil offers AI training to 5,000 women entrepreneurs
- Alice Raises $140M: Decade of Adversarial Data Powers Enterprise AI Security Push
- US China: Shared AI Leadership Predicted by Investors
- Exclusive | Thinking Machines Lab Co-Founder Barret Zoph Joins Google
- Marvell Falls 7% as Google AI Payoff Lands in Fiscal 2029, Intel Slips, NVIDIA Barely Budges
- Workday Says AI Is Winning Customers, Not Replacing It
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