TLDR

• Nvidia jumped ~7% after reporting $96.2 billion in quarterly revenue and a strong outlook
• Salesforce surged ~20% on strong AI product demand and a new Anthropic partnership
• CrowdStrike posted a record quarter with $1.47 billion in revenue and raised its full-year outlook
• Okta climbed ~25% after raising its outlook on growing AI agent security demand
• Chip stocks including Intel, Micron and Broadcom rallied following Nvidia's results

Nvidia Posts Blockbuster Quarter as AI Spending Holds Strong

Nvidia rose roughly 7% after posting quarterly revenue of $96.2 billion, beating Wall Street expectations. Adjusted earnings came in at $2.22 per share, also ahead of forecasts.

The company issued a strong outlook, signaling that hyperscalers and technology firms continue to spend heavily on AI infrastructure. Nvidia's data center segment, which supplies the computing systems behind AI models, drives the bulk of its revenue, which makes each quarterly report a closely watched gauge of AI capital spending across the technology industry. As one of the largest weights in the S&P 500, Nvidia's performance can move the broader market.

Going forward, investors will be watching demand for Nvidia's latest systems, gross margins, and how quickly next-generation products scale.

The results sparked a wider chip rally, with Intel, Micron and Broadcom all moving higher alongside AI cloud infrastructure names such as CoreWeave and Nebius. Micron is a leading supplier of the high-bandwidth memory used alongside AI accelerators, while Broadcom sells the networking chips and custom silicon that go into the same data centers. Strong Nvidia demand implies continued spending across the sector on memory, networking, servers and data center capacity.

Salesforce Surges on AI Product Growth and Anthropic Deal

Salesforce surged around 20% after delivering stronger-than-expected results and raising its full-year outlook, citing growing demand for its AI and data products.

The results helped ease concerns that AI might disrupt traditional enterprise software, suggesting instead that AI is becoming a growth driver for the sector.

Salesforce has been building out Agentforce, its platform — introduced in late 2024 — for deploying autonomous AI agents in business environments, and the latest numbers indicate that investment is beginning to pay off. The company also announced a deeper partnership with Anthropic, the developer of the Claude family of AI models, adding to its AI credentials. Investors have increasingly wanted proof that AI spending can translate into real new revenue, and this quarter delivered it.

CrowdStrike Reports Record Quarter on AI Agent Security Demand

CrowdStrike rose sharply after reporting what management called its strongest quarter ever. Revenue came in at roughly $1.47 billion, and the company raised its full-year financial outlook.

A key growth driver is rising demand for security around AI agents. As businesses deploy autonomous software systems, protecting them becomes more complex: companies must now secure not only employees and devices but also AI systems that can access sensitive data. CrowdStrike's Falcon platform already protects corporate endpoints and cloud workloads, giving it an installed base from which to add protections for autonomous agents.

CrowdStrike lifted its full-year outlook on the back of this trend. The results reinforce cybersecurity's position as one of the strongest secondary beneficiaries of the AI spending cycle, and investors will be watching whether agent-related demand becomes more visible in subscription metrics in coming quarters.

Okta Climbs 25% as AI Agents Drive Identity Security Spending

Okta jumped roughly 25% after raising its outlook, driven by demand for identity management tools. The company helps businesses control which systems and users can access corporate data and applications.

As AI agents become more common in the workplace, identity security becomes more critical. Companies need to verify exactly what autonomous software can and cannot access within their systems, and Okta's technology sits directly in that path, making it a potential core part of enterprise AI infrastructure.

The strong stock reaction suggests investors now see AI as a growth catalyst for identity management, not just for chip makers. Taken together, the day's moves spanned the full AI stack — silicon, enterprise applications, and the security layer that protects it — a breadth that points to AI spending spreading beyond the companies that build the chips.

Source: CoinCentral