Salesforce Earnings Beat Driven by AI Progress, Nvidia Shares Soar Amidst Tech Competition
-
Investors were impressed by Salesforce’s artificial-intelligence progress in the latest quarter as the software giant reported an earnings beat driven by growing demand for the company’s agentic-AI tools.
Compare 1 other version
CNBCSalesforce's bottom line is directly benefiting from AI, as the company recorded a $2.6 billion gain from its three-year-old investment in Anthropic. That figure could go up, as Anthropic is marching toward a highly anticipated IPO.
-
Salesforce's expanding partnership with Anthropic further undercut the bear case, according to Cramer. The AI company, once viewed as a potential threat to traditional software providers, teamed up with Salesforce on Claudeforce, which will allow Claude users to tap Salesforce data to perform tasks such as composing emails and updating records.
-
Amazon offered another counterpoint to the bear case, he said. Despite developing its own AI chips, Amazon Web Services plans to buy 2 million Nvidia GPUs and potentially millions of its new Vera CPUs. Cramer said that commitment underscores why Nvidia demand remains strong: customers are finding they can quickly make money from its computing power.
Compare 1 other version
New York Post BusinessNvidia finance chief Colette Kress said the company and Amazon Web Services will deploy an additional 2 million Nvidia GPUs across Amazon's global infrastructure in 2027 and 2028. LinkedIn
-
Nvidia expects revenue to grow by about 70% in fiscal 2028. VCG via Getty Images
Compare 1 other version
CNBCMost important, Cramer said, was Nvidia's outlook. The company indicated revenue could grow roughly 70% in fiscal 2028, well above the roughly 45% Wall Street had expected, reflecting growing confidence and visibility into AI demand.
-
Shares of CrowdStrike Holdings were roaring after the cybersecurity company revealed a record-breaking quarter, one partially boosted by fears about the power of artificial intelligence.
-
The revenue figures beat Wall Street's expectations, leading Nvidia shares to rise about 4% in after hours trading.
Compare 2 other versions
New York Post BusinessShares of the company reversed course in after-hours trading to jump more than 4%, as investors cheered Nvidia’s road map for growth.
MarketWatchShares in the world’s biggest company NVDA climbed more than 7% in premarket trading after posting financial earnings after the closing bell Wednesday.
-
Results from Nvidia, one of the world’s most valuable firms, are considered a bellwether for the AI market as its chips power most of the major data centers and advanced AI models globally.
Compare 1 other version
BBC BusinessEssentially every notable tech company building AI tools and infrastructure, including Amazon, Meta, Google, Microsoft, use Nvidia chips to do so.
-
There is also mounting scrutiny of Nvidia’s role in the AI boom’s complex financing ecosystem after the company agreed to guarantee some deals under a new tie-up with six major financial institutions, which aims to raise more than $500 billion for AI infrastructure.
Compare 1 other version
BBC BusinessNvidia's growing financial strength has also reshaped its role in the sector. It has become a backer to those that rely on its chips, providing some funding to the likes of OpenAI, Anthropic, and SpaceX to help continue the costly buildout of AI infrastructure.
4 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
-
01 CNBC Here are Friday's biggest calls on Wall Street on Friday: Stifel initiates The Metals Royalty Company as buy Stifel said the metals financing company has plenty of upside. "TMCR is a capital-light royalty and streaming company that offers diversified leverage to metal prices without operating, development or capital-cost exposure, led by founder and chief executive Brian Paes-Braga with the Hess family as anchor shareholders." Evercore ISI reiterates SpaceX and Nvidia as outperform Evercore said it's bullish on the partnership between the two companies. "Nvidia's call reinforces SpaceX AI's position in the earliest Vera customer cohort, while 4Q27 orbital timing adds an earlier validation point ahead of our FY29 capacity assumption." CLSA upgrades Baozun to outperform from neutral CLSA said in its upgrade of Baozun that the China e-commerce solutions provider has "improving profitability." "We raise target to US$3.80 (from US$3.20) with 4x FY27 PE and earnings changes, and upgrade to O-PF rating with 26% upside.
-
02 MarketWatch Its stock CRWD jumped about 9% in premarket trading following management’s announcement that risks associated with AI fueled growth.
-
03 BBC Business Published Chipmaker Nvidia has reported another huge jump in sales as the global push to build artificial intelligence (AI) systems continues at a rapid pace.
-
04 New York Post Business Nvidia’s quarterly revenue more than doubled and the chipmaker forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling persistent demand for its AI chips.
Fact Corroboration
Which sources independently confirm the same facts. Hover a claim to see its sources, or a source to see what it corroborates.
Coverage by Perspective
Source Similarity
Connections show how similarly each outlet covered this story. Thicker lines = more similar framing.
Sources (4)
- bbc-biz
- marketwatch
- cnbc
- nypost-biz