Snowflake $1.09B Revenue, Nvidia $46.7B, Amazon $31B AWS Growth

Several tech companies are making significant moves in the AI space. Okta's Q2 revenue reached $728 million, driven by AI-focused security solutions and public sector contracts, leading them to raise their FY26 revenue guidance. Snowflake's Q2 product revenue hit $1.09 billion, a 32% increase, with AI impacting 50% of new customers; they've launched over 250 AI features and also raised their FY26 guidance. Nvidia, despite exceeding earnings expectations with $46.7 billion in sales (a 56% increase), faced investor scrutiny regarding its AI growth potential. A smaller AI firm, IREN, is doubling its AI processing power by purchasing 4,200 Nvidia Blackwell GPUs. Workday's stock also jumped, fueled by AI growth and earnings, with Q2 revenue up 13% to $2.35 billion. Amazon's AWS is a key player, with sales growing 18% to $31 billion, while Meta's heavy AI investments are sparking debate among investors. Palo Alto Networks is focusing on AI security and acquiring CyberArk for $25 billion. Vertiv is acquiring Waylay NV for $830 million to enhance its AI-powered data center infrastructure.

Key Takeaways

  • Okta's Q2 revenue reached $728 million, driven by AI security and public sector growth, leading to raised FY26 guidance.
  • Snowflake's Q2 product revenue increased 32% to $1.09 billion, with AI influencing 50% of new customers.
  • Nvidia's revenue increased 56% to $46.7 billion, but investors are closely watching AI growth metrics.
  • IREN is doubling its AI processing power with 4,200 Nvidia Blackwell GPUs.
  • Workday's stock rose due to AI growth, with Q2 revenue up 13% to $2.35 billion.
  • Amazon's AWS sales grew 18% to $31 billion, highlighting its role in AI infrastructure.
  • Meta's AI investments are generating debate among investors regarding their potential returns.
  • Palo Alto Networks is acquiring CyberArk for $25 billion to strengthen its Zero Trust security and AI capabilities.
  • Vertiv is acquiring Waylay NV for $830 million to enhance AI-powered data center infrastructure.
  • Snowflake is targeting a 75% gross margin and highlighted a strong net revenue retention rate of 125%.

Okta's strong Q2 driven by AI and identity security

Okta's Q2 CY2025 earnings beat expectations with revenue up 12.7% to $728 million. The company raised its full-year revenue guidance to $2.88 billion. Strong demand from large enterprise and public sector clients, plus adoption of new identity security products, drove the results. Okta is focusing on AI-powered threat protection and identity consolidation. The company is acquiring Acxiom Security to improve security for AI and machine identities.

Snowflake's Q2 2026 shows AI growth and sales strategy shifts

Snowflake's Q2 2026 product revenue reached $1.09 billion, a 32% increase, boosted by AI demand affecting 50% of new customers. They added 533 new customers and launched over 250 AI features like Cortex AI SQL. Azure cloud grew fastest at 40%. The company raised its FY26 guidance to $4.395 billion, targeting a 75% gross margin. Snowflake highlighted a strong net revenue retention rate of 125% and enterprise AI adoption through Snowflake Intelligence.

Okta's AI security focus drives strong Q2 earnings

Okta's Q2 2026 revenue reached $728 million, exceeding expectations with 13% growth. The company is focusing on AI-first security, including acquiring Axiom Security. Public sector contracts, like with the Department of Defense, are a key growth area. Okta raised its 2026 guidance, projecting 10-11% growth. The company's AI security and public sector success position it for long-term growth.

Okta's Q2 2026 results show AI security focus and sales changes

Okta's Q2 2026 showed strong results, raising FY26 revenue guidance to 10-11%. The company is focusing on AI security with solutions like Cross App Access and the acquisition of Axiom Security. Public sector deals, including a major Department of Defense contract, are driving growth. Management has removed caution about macroeconomics from their guidance. Sales productivity has improved due to specialization, but AI monetization faces challenges.

Nvidia's AI growth faces investor scrutiny despite earnings beat

Nvidia beat expectations for its second-quarter results, but the stock fell in extended trading. Data center revenue, a key indicator of AI prospects, was slightly below estimates. Nvidia's growth has been driven by its data center business, which focuses on graphics processors (GPUs). The company's gaming division remains a strong revenue source. Investors may be expecting too much from Nvidia's AI growth.

Nvidia's investors focus on AI growth potential

Nvidia beat expectations for its second-quarter results, but its stock fell. Data center revenue, which shows the company's AI potential, was lower than expected. Nvidia's growth has been driven by its data center business. The company's gaming division is still a strong source of revenue. Investors may be too focused on Nvidia's AI growth.

Nvidia earnings beat expectations despite AI bubble concerns

Chip giant Nvidia reported higher-than-expected revenue, despite concerns about an AI bubble. The company recorded $46.7 billion in sales, a 56% increase from last year. Nvidia's chips power many AI products, and its stock has soared since 2022. President Trump had previously restricted chip sales to China, but later made a deal with Nvidia. Some experts have warned that the AI industry may be overvalued.

Nvidia beats revenue estimates amid AI bubble worries

Nvidia, a chip giant, reported $46.7 billion in sales, exceeding expectations despite AI bubble concerns. The company's revenue jumped 56% compared to the previous year. Nvidia's chips are used in many AI products, leading to significant growth. The company had faced restrictions on chip sales to China, but a deal was reached. Some experts have cautioned about overexcitement in the AI industry.

Nvidia's earnings could swing AI market

Nvidia's earnings report is expected to significantly impact the AI market. The S&P 500 hit a record high before the report, highlighting Nvidia's importance. Analysts predict a potential 6% swing in Nvidia's stock price, affecting $260 billion in market value. A deal with the Trump administration allows Nvidia to sell H20 AI chips in China. Despite AI investment concerns, market optimism remains.

Workday stock jumps on AI growth and earnings

Workday's stock rose 3.06% on August 27, 2025, with $790 million in trading volume. The company's Q2 revenue grew 13% to $2.35 billion. AI adoption drove strong customer relationship payroll (cRPO) growth of 16.4%. Workday acquired Paradox to improve AI-driven hiring solutions. The company raised its fiscal 2026 revenue guidance to $9.515 billion.

Small AI firm IREN doubles Nvidia GPU power

IREN is expanding its AI infrastructure by purchasing 4,200 Nvidia Blackwell GPUs. This will double the company's AI processing power. The move affects semiconductor stocks like Nvidia, IREN, and Advanced Micro Devices. Stock prices are based on after-market prices from August 25, 2025.

Is Amazon an AI stock in disguise?

Amazon's stock has increased 35% in five years, showing its role in the AI market. Amazon Web Services (AWS) is a key part of the AI revolution, providing server hosting. In the second quarter, AWS sales grew 18% to $31 billion. Amazon is using AI to improve customer experiences and automate tasks. The company's stock is at 35 times earnings.

Meta's AI spending sparks debate among investors

Recent discussions on X (formerly Twitter) focus on Meta Platforms' heavy investment in AI. Some users see AI as a growth driver for ad targeting and content. Others worry about the stock's recent dip and whether AI investments will pay off soon enough. Meta's Threads platform reaching a user milestone has created optimism. Members of Congress have actively traded Meta stock in the past six months.

Palo Alto Networks stock a buy with AI and CyberArk

Palo Alto Networks' Q4 FY2025 revenue increased 16% to $2.54 billion. The company's Next-Generation Security ARR grew 32% to $5.6 billion. Palo Alto is acquiring CyberArk for $25 billion to enhance Zero Trust security. The company expects strong growth in AI security with Prisma AIRS. Analysts have an average 12-month price target of $213.86 for the stock.

Vertiv stock rises on AI-powered infrastructure push

Vertiv's stock increased 1.08% to $129.31 on August 27, 2025. The company is acquiring Waylay NV, an AI automation leader, for $830 million. This deal will improve Vertiv's AI-powered data center infrastructure. Waylay's technology will help with real-time monitoring and predictive maintenance. A director, Steven Reinemund, sold 100,000 shares, but this wasn't directly linked to the stock's performance.

Sources

NOTE:

This news brief was generated using AI technology (including, but not limited to, Google Gemini API, Llama, Grok, and Mistral) from aggregated news articles, with minimal to no human editing/review. It is provided for informational purposes only and may contain inaccuracies or biases. This is not financial, investment, or professional advice. If you have any questions or concerns, please verify all information with the linked original articles in the Sources section below.

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