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Broadcom reported Q2 FY2026 revenue of $22.19B (+48% YoY) with an EPS beat, but the stock plunged roughly 15% after CEO Hock Tan guided Q3 AI chip sales at $16B — well below the $17.2B analysts had penciled in. The real pain came from Tan's silence on raising the $100B full-year AI chip target, which the market read as a flashing yellow light on demand trajectory.
Nvidia closed Thursday up 1.82% at $218.66, consolidating a week that saw shares surge over 6% on Computex 2026 announcements including the Vera Rubin GPU entering production and the debut of RTX Spark, a co-developed AI PC chip with MediaTek. Thursday was also the ex-dividend date for Nvidia's historic dividend hike — from $0.01 to $0.25 per quarter — a 2,400% increase backed by an additional $80B buyback authorization.
CrowdStrike's Q1 FY2027 results showed revenue of $1.39B (+26% YoY) and adjusted EPS of $1.10 versus the $0.88 estimate — a 25% beat. The company also announced a 4-for-1 stock split and raised full-year net new ARR guidance by 520 basis points to 27.7% growth. Shares still dropped roughly 11% in premarket trading as investors hunting for a dramatic acceleration in ARR growth were left wanting, especially after the stock had run to a 52-week high of $774.93 just days before the print.
Microsoft launched seven in-house MAI models at Build 2026, including MAI-Thinking-1 (a 35B-parameter reasoning model with 256K context) and MAI-Code-1-Flash integrated into GitHub Copilot — a direct move to reduce OpenAI dependency. Microsoft's AI revenue run rate has now crossed $37B, up 123% year over year, and the company is guiding roughly $190B in capital expenditure for calendar 2026. The stock climbed about 3% on the announcements before giving back roughly 4% by Tuesday as the market digested the print.
Arm Holdings reported record Q4 FY2026 revenue of $1.49B (+20% YoY), capping a full-year revenue of $4.92B. The headline number: data center royalty revenue more than doubled year over year, driven entirely by AI infrastructure demand. Licensing revenue rose 25% and royalty revenue 21%, with non-GAAP EPS coming in at $1.77 for the full year.
Barclays maintained its Overweight rating on AMD and lifted its price target from $500 to $665, implying roughly 23% upside from Thursday's close of $542.52. The move reflects confidence in AMD's competitive positioning in AI accelerators and the production ramp of EPYC "Venice" on TSMC's 2nm process node. The broader analyst consensus, per S&P Global, currently sits at a Strong Buy from 51 analysts.
Oracle reports Q4 FY2026 earnings next Tuesday with a $553B remaining performance obligations figure — up 325% year over year — and OCI cloud revenue growing 84% to $4.9B last quarter. Analysts are modeling non-GAAP EPS of $1.96 to $2.00 and cloud revenue growth of 46% to 50%. One potential overhang: a concentrated AI customer base, with at least one major hyperscaler reported to have missed internal AI compute targets in April.
IonQ shareholders approved the $1.8B acquisition of SkyWater Technology, which combines terms of $15 cash plus $20 in IonQ stock per share and would create the only vertically integrated, full-stack quantum computing company. The deal is expected to close in Q2 or Q3 2026. IonQ also recently reported revenue growth of 755% year over year, and the stock climbed approximately 60% in May on the combination of deal progress and explosive top-line results.
SoundHound AI dropped roughly 7.4% Wednesday as multiple law firms launched investigations into whether company officers and directors breached fiduciary duties related to accounting issues from its Amelia and SYNQ3 acquisitions and delayed SEC filings. The company also disclosed a $300M at-the-market equity facility, raising dilution concerns. Despite the turmoil, TipRanks analysts maintain a Strong Buy with more than 110% implied upside from current levels.
The four largest AI spenders — Microsoft, Alphabet, Meta, and Amazon — are collectively on track to deploy roughly $725B in capital expenditure in 2026, a 77% increase year over year. Microsoft is guiding $190B, Alphabet $180 to $190B, and Meta $125 to $145B. This level of infrastructure commitment is reshaping the entire semiconductor and cloud stack supply chain and shows no signs of slowing despite valuation pressure on individual names.
