Super Micro Computer posted fiscal Q4 EPS of $1.70 versus a $0.96 consensus — a 78% beat — with revenue of $11.12 billion, up 93.2% year-over-year, and gross margins expanding dramatically to 17.5% from 9.5% a year ago. The company guided fiscal 2027 revenue at $65–72 billion and disclosed over $60 billion in new orders booked during fiscal 2026. Shares surged 19% Wednesday to $38, pulling the entire AI server sector higher.
CoreWeave reported Q2 revenue of $2.575 billion, up 112% year-over-year, with adjusted EBITDA doubling to $1.51 billion at a 59% margin, and raised its full-year revenue guide to $12.4–13.2 billion — CEO flagged near-term capacity as effectively sold out. Nebius posted AI cloud revenue of $575 million, up 514% year-over-year, with EBITDA margins expanding to 41%, including a billion-dollar-plus compute deal with Reflection AI. CoreWeave closed up 19% to $107.73; Nebius surged 34% to $247.05.
Nvidia rose 3% to $224, Intel gained 3.3% to $101, and AMD added 1.8% to $483, all riding the AI infrastructure earnings wave. Intel's Data Center and AI revenue hit $6.26 billion, up 59% year-over-year; AMD's Data Center segment posted $6.72 billion, up 107%. All eyes shift to Nvidia's fiscal Q2 print on August 26, now carrying elevated expectations.
July headline CPI rose just 0.1% month-over-month, putting the annual rate at 3.4% — matching estimates — while core CPI came in at 2.5% annually. The Nasdaq gained 0.5% and the S&P 500 rose 0.3% on Wednesday, with rate-hike odds for September dropping as investors read the data as a green light for risk assets. The macro backdrop is about as friendly as it gets for AI growth stocks heading into Thursday's open.
Alphabet's Google Cloud hit $24.8 billion in Q2 revenue, up 82% year-over-year — the fastest growth in years — and the company immediately responded by raising full-year capex guidance to $195–205 billion, up from a prior $180–190 billion range. The magnitude of the capex raise signals Alphabet is betting aggressively that AI infrastructure demand will continue to outpace supply. Shares gained 5% to $374.40 on the results.
Amazon Web Services revenue surged 37% year-over-year to $42.2 billion — its fastest growth pace in 18 quarters — while CEO Andy Jassy disclosed that Amazon's AI and custom chip businesses now run at a combined $25 billion annual revenue rate. The results pushed Amazon's market capitalization above $3 trillion for the first time, with shares climbing 5% to $283.89. AWS growth reaccelerating is a direct read-through for AI cloud infrastructure demand.
Meta reported Q2 advertising revenue of $59.4 billion, up 27% year-over-year, driven significantly by AI-powered targeting and creative tools embedded across its platforms. CEO Mark Zuckerberg stated that AI is accelerating the core business today while opening entirely new enterprise opportunities. Shares jumped 7% to $593.15.
Palantir posted Q2 revenue of $1.94 billion, up 93% year-over-year and ahead of the $1.80 billion consensus, with U.S. commercial revenue up 149% — the headline figure in what was a clean beat-and-raise. The company lifted full-year revenue guidance to $8.15–8.16 billion from prior guidance of $7.65–7.66 billion, implying 134% expected growth in U.S. commercial for the full year. Shares surged roughly 30% on August 4 and remain elevated into today's session.
Micron Technology has become a magnet for major price target raises as AI memory demand accelerates: Cantor Fitzgerald pushed its target to $2,000, Itau BBA to $1,697, and Bank of America added Micron to its high-conviction US 1 List at a target around $1,550. The consensus among 46 analysts sits at Strong Buy with an average target of $1,502, with the bulls citing tighter HBM memory supply and multi-year customer AI agreements as the thesis.
Anthropic, maker of the Claude AI model family, is targeting a Nasdaq IPO as early as October after confidentially filing a draft S-1 with the SEC in June, following a $65 billion fundraise at a $965 billion valuation in May. The company is running at a reported $47 billion annual revenue rate — up from $30 billion earlier this year — with Goldman Sachs, JPMorgan, and Morgan Stanley leading the offering. Not yet publicly traded, but this is shaping up as one of the largest technology IPOs in history.
