Artificial IntelligenceEarnings
Marvell Shares Drop 10.3% Amidst Scrutiny Over AI Revenue Margins
Marvell Technology fell 10.3% on Friday, wiping out approximately $22 billion in market value, after reporting its highest ever quarterly revenue.
Artificial Intelligence
Marvell Shares Drop 10.3% Amidst Scrutiny Over AI Revenue Margins
Marvell Technology fell 10.3% on Friday, wiping out approximately $22 billion in market value, after reporting its highest ever quarterly revenue.
All coverage
Artificial Intelligence
NASDAQ: MRVL · earnings reset
AI growth meets a margin and timing test
Market close: Aug. 28, 2026 · 16:00 EDT
Quote check: Aug. 28, 2026 · 20:15 EDT
Quote check: Aug. 28, 2026 · 20:15 EDT
Close
$216.62
−10.28% · ≈$22B erased
Volume
48.98M
1.21× 65-day average
Q2 revenue
$2.739B
+37% year over year
Data center
79%
$2.172B · +46% YoY
Revenue mix and growth
What the market rejected
| Measure | Q2 | Q3 guide |
|---|---|---|
| Revenue | $2.739B | $3.150B ±5% |
| Non-GAAP GM | 58.9% | 58.0% midpoint |
| Non-GAAP EPS | $0.94 | $1.10 ±$0.05 |
The growth guide is strong. The 90-basis-point gross-margin step-down and Google revenue timing pushed attention toward execution.
Valuation and analyst frame
| Metric | MRVL | Reference |
|---|---|---|
| Forward P/E | 58.4× | Broadcom 32.2× |
| Median target | $295 | +36.2% vs close |
| Ratings | 37 Buy/OW | 6 Hold · 0 Sell |
| FY28 revenue target | $18B | 6.6× Q2 run-rate quarter |
Financial signals
| Cash | $3.933B |
| Quarterly operating cash flow | $605.5M |
| Stock-based compensation | $326.2M |
| Q2 GAAP net income | $308.0M |
Google-linked revenue becomes more meaningful in fiscal 2029. Investor Day: Oct. 6, 2026.
Artificial IntelligenceNASDAQ:IREN
IREN Shares Slide 12.5% with $4 Billion AI ARR Offset by 68% EBITDA Decline
NEW YORK, August 28, 2026, 23:10. IREN shares dropped 12.5% after reporting $4 billion in annual recurring revenue from AI, which was accompanied by…
IREN · NASDAQ: IREN
AI-cloud crossover, margin reset
Market close: Aug. 28, 2026 · 16:00 EDT
Quote feed checked: Aug. 28, 2026 · 20:15 EDT
Quote feed checked: Aug. 28, 2026 · 20:15 EDT
Close
$35.45
−12.5%
Volume
88.6M
~2.0× three-month average
Equity value erased
≈$1.8B
Yahoo closing capitalization basis
Catalyst
FY26 results
EBITDA missed the cloud ramp
Quarterly business mix · US$M
AI Cloud became 51.4% of quarterly revenue. Source: IREN FY26 results, Aug. 27.
Margin transmission
Adjusted EBITDA fell 68%; margin contracted to 14.0% from 41.1%.
Valuation bridge
| Metric | Value | Multiple |
|---|---|---|
| Closing market value | $12.67B | — |
| FY26 GAAP revenue | $707M | 17.9× |
| Operating ARR, Aug. 26 | $1.0B | 12.7× |
| Contracted 2026 ARR | $4.0B | 3.2× |
ARR is non-GAAP and assumes contracted GPUs operate 8,760 hours; recognized revenue may be lower.
Peer tape · latest quote feed 20:15 EDT
| Company | Price | Day |
|---|---|---|
| IREN | $35.45 | −12.6% |
| CoreWeave | $84.23 | −2.9% |
| Nebius | $209.18 | −4.3% |
IREN underperformed both neocloud peers by more than eight percentage points.
Fundamentals
| FY26 | Value | YoY |
|---|---|---|
| Total revenue | $707.0M | +41% |
| AI Cloud revenue | $128.8M | +685% |
| Adjusted EBITDA | $245.7M | −9% |
| Net result | −$702.6M | vs +$86.9M |
Net loss included $638.8M of non-cash impairments.
Analyst expectations
H.C. Wainwright: Buy, $90 target, reiterated Aug. 28.
B. Riley: commercial and financing path validated; execution now moves to commissioning.
Visible Alpha quarterly adjusted-EBITDA consensus was $57.1M versus $19.2M reported.
What moves the stock next
Delivery
Horizon 2 commissioning; Horizon 3–4 target Q4 2026.
Revenue conversion
$1B operating ARR must approach $4B contracted ARR.
Capital
$14B of cash, committed financing and prepayments supports rollout.
Risks
Delays, customer concentration, GPU pricing, debt and obsolescence.
Artificial IntelligenceNASDAQ:KEEL
Keel Infrastructure Shares Drop 8% Despite $819 Million Liquidity and 2.2-GW Artificial Intelligence Project Pipeline
NEW YORK, August 28, 2026, 19:25. Keel Infrastructure shares were down 8% after the company disclosed $819 million in liquidity and confirmed its 2.2-gigawatt…
Keel Infrastructure: funded pivot, unproven leases
Market snapshot: August 28, 2026, 16:00 EDT. Operating data: Q2 2026.
KEEL close
$3.22
-8.0%
Market value
$1.99B
-$160M today
Liquidity
$819M
41% of market cap
Volume
43.63M
Near average
2.2-GW pipeline
Q2 economics
| Metric | Q2 2026 | Change |
|---|---|---|
| Revenue | $30.4M | -50% |
| Operating result | -$141M | From +$11M |
| Adjusted EBITDA | -$23.7M | From +$6.6M |
| Continuing loss | -$64M | -$0.11/share |
Investor checklist
| Milestone | Current state | Signal |
|---|---|---|
| Commercial demand | Negotiations at three sites | Signed lease needed |
| Washington HPC | 18 MW conversion | No HPC revenue yet |
| Funding | $458M convertibles | 1.25%, due 2032 |
| Legacy exit | Mining decommissioned at key sites | Near-term revenue gap |
The valuation case depends on converting powered land into long-duration AI leases before liquidity is consumed. Each 100 MW of signed capacity would materially improve visibility, but economics remain undisclosed.
Artificial IntelligenceEarnings
Core AI Stock Jumps 56% as Q2 Revenue Rises to $22.4 Million
Core AI Holdings shares jumped about 56% on Friday after quarterly revenue reached $22.35 million. Trading volume exceeded 205 million shares, roughly 388 times…
Core AI Holdings — earnings reaction
NASDAQ: CHAI · Mobile games and advertising analytics
+≈56% intraday
Share price
$0.39
Aug. 28, 2026, 13:15 EDT
Volume
205.7m
≈388× 530,760 average
Market value
$10.3m
≈+$3.7m versus prior close
Q2 revenue
$22.35m
+55.8% year over year
Quarterly economics
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | $22.35m | $14.34m | +55.8% |
| Gross profit/(loss) | ($0.01m) | ($0.40m) | 97.2% narrower |
| Net loss | ($1.62m) | ($0.76m) | +114% |
| H1 revenue | $26.12m | $28.85m | -9.5% |
| H1 operating cash flow | $5.45m | ($2.42m) | Turned positive |
Revenue and gross margin signal
Q2 nearly erased the quarterly gross loss, but first-half gross margin remained about -11.8%.
Cash
$12.04m
June 30; $1.93m at Dec. 31
Working capital
$1.91m
Current assets less liabilities
Top-two customers
78.4%
Share of H1 revenue
Accumulated deficit
$37.22m
June 30, 2026
What matters next
Margin proofAnother near-breakeven gross-margin quarter would show Q2 was repeatable.
FinancingA $3.54m ATM capacity and outstanding warrants create dilution sensitivity.
ListingThe stock remains below Nasdaq's $1 minimum-bid threshold despite Friday's rally.
Market data: Robinhood snapshot at 13:15 EDT, Aug. 28, 2026. Financial data: Core AI Holdings Form 6-K filed Aug. 27, 2026. No reliable broad analyst-consensus set was available. Figures rounded; market-value change is estimated.
Artificial IntelligenceData Centers
FingerMotion Jumps 261.7% After Announcing Modular AI Data-Center Strategy
FingerMotion, Inc. shares surged over threefold on Friday, following the announcement of a modular artificial-intelligence data-center plan with BlueFlare Energy Solutions. The move boosted…
FingerMotion / FNGR
The market priced an AI-infrastructure plan before contracts.
Market data: Aug. 28, 2026
11:26:07 EDT
11:26:07 EDT
Share price
$0.6272
+261.7%
Volume
855.35M
shares traded
Market cap
$38.44M
current implied value
Value added
≈$27.80M
versus prior implied cap
From concept to scale
1–2 MW
initial module
initial module
→
10 MW
next stage
next stage
→
20 MW
larger site
larger site
Transaction and demand signals
| Measure | Figure | Status |
|---|---|---|
| Lyken.AI ownership | 9.9% | Acquired |
| FNGR shares issued | 1,674,480 | Restricted |
| Cash paid | $0 | Equity-funded |
| B300 nodes | 128 | Nonbinding MOU |
Execution checklist
Strategy announced with BlueFlare
Secure site control
Sign firm generation and fuel arrangements
Convert customer interest into binding offtake
Close asset-level project financing
Risk lens
The rally values execution that has not occurred. No site, power, customer or project-financing agreement is definitive. The Lyken customer memorandum is nonbinding. Equity consideration dilutes holders, while micro-cap liquidity can reverse quickly.
Illustrative milestone completion: strategy disclosed; four core contractual steps remain.
Sources: FingerMotion announcement and June 8-K; Aug. 28 filing summary; market data at 11:26:07 EDT. Implied prior market cap and value added are calculations from current market cap and the 261.7% price move. Not investment advice.
Artificial IntelligenceNASDAQ:NVDA
SharonAI Shares Drop 4.2% After Nvidia Halts Financing, Leaving $4.88 Billion Deal in Limbo
NEW YORK, August 28, 2026, 11:13 – SharonAI shares slid 4.2% as uncertainty grew over its $4.88 billion deal with Nvidia, following Nvidia's decision…
NASDAQ: SHAZ · Stock move
SharonAI financing-risk dashboard
A contract-heavy AI infrastructure story meets a tougher funding signal.
Market data: Aug. 28, 2026
10:53:32 EDT
10:53:32 EDT
Share price
$56.73
−4.19% · −$2.48
Open $56.24 · Range $54.07–$57.75
Market value
$1.064B
≈$47M erased
Implied from current cap and session move
Volume
729,246
Shares traded by 10:53:32 EDT
Nvidia agreement
$4.88B
Maximum six-year contract value
Scale mismatch
Contracts lead recognized revenue by years
Total contract value is an operating measure across multi-year terms. It is not GAAP revenue.
Catalyst
Nvidia financing pause
Reuters reported Nvidia paused some credit-support deals that exchanged financing help for cloud-revenue participation.
Program <2 months old
Antitrust concern
May be revamped
Nvidia said the broader compute-access model remains in place and continues to evolve.
Q2 2026 snapshot
| Metric | Value | Signal |
|---|---|---|
| Revenue | $1.93M | +412% YoY |
| Adjusted EBITDA | $0.59M | Positive |
| Net loss | −$430.4M | Mostly non-cash |
| Cash | $1.861B | Build-out buffer |
| Current note liabilities | $1.007B | Financing weight |
Contract conversion watch
| Checkpoint | Why it matters |
|---|---|
| Financing terms | Determines deployment cost and equity dilution |
| GPU acceptance | Triggers capacity availability and revenue |
| Customer utilization | Turns reserved capacity into billed sales |
| Contract amendments | Tests whether Nvidia's pause reaches SharonAI |
| Cash burn | Measures runway during infrastructure ramp |
Sensitivity map
What changes the equity case?
Investor read
The stock move values implementation risk, not simply demand. SharonAI's SEC filing already says deployments need additional debt or equity financing and face phased acceptance tests.
Key question: can $8.8 billion of contracted value convert into revenue without costly new capital?
Artificial IntelligenceNASDAQ:WDAY
Workday Shares Gain 2.9% as AI Agents Account for Quarter of New Contract Value
Workday Inc. stock climbed 2.9% on Friday, lifting its market capitalization by roughly $1.4 billion following quarterly results that indicated notable demand for AI…
NASDAQ: WDAY · Q2 FY2027
AI demand meets a cash-flow test
Workday enterprise HR and finance software
Market data: Aug. 28, 2026, 10:29:27 EDT
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
Share price
$199.26
▲ 2.94% · +$5.69
Range $188.00–$200.99
Market value
$49.11B
≈ $1.40B added
Implied intraday change
Activity
1.29M
Shares traded by 10:29 EDT
Trailing valuation
40.4×
P/E · EPS $4.94
Growth and profitability
Revenue and margin improved, while free cash flow declined 21.8% year over year.
AI commercial proof
>25%
Share of new annual contract value generated by AI agents
Agent customers5,500++35% QoQ
Net new wins buying AI>50%Adoption
AI new ACV>$100MQuarter
Payroll
Forecasting
Audit
Workforce planning
Contracted revenue
12-month backlog$9.034B+14.2%
Total backlog$27.403B+8.0%
Q2 subscription revenue$2.471B+13.9%
Total Q2 revenue$2.649B+12.8%
Guidance and capital returns
Q3 subscription revenue$2.515B+12%
FY27 subscription revenue$9.94–$9.95B+13%
FY27 non-GAAP margin31.0%Raised
Q2 repurchases$1.3B9.8M shares
New authorization$4.0B≈8% of cap
Post-earnings analyst map
Morgan Stanley · $180Underweight
Citi · $201Neutral
Capital One · $219Equalweight
Barclays · $224Overweight
Wells Fargo · $225Overweight
At $199.26, the stock sits near Citi’s target. The range shows disagreement over whether AI demand can offset slower subscription growth and weaker cash conversion.
Investor read-through
Bull case: AI is already attached to customer wins, subscription backlog growth exceeds total backlog growth, and a $4 billion authorization can support per-share results.
Bear case: Q3 subscription growth slows to 12%, free cash flow contracted, trailing P/E remains about 40×, and takeover reports remain unconfirmed.
Sources: Workday fiscal Q2 2027 release; Reuters; Yahoo Finance/Stocktwits analyst-action summary; market price feed. Non-GAAP measures are company-defined. Market-value change is an estimate from the latest price and market capitalization.
Artificial IntelligenceCloud Computing
IREN Shares Drop 5.8% as $684 Million Loss Underscores AI Cloud Strategy Challenges
IREN Limited shares declined by 5.75% ahead of the market open on Friday, cutting approximately $833 million from its implied equity valuation.
IREN: AI Cloud crosses the revenue midpoint
FY2026 results and premarket reset · Market data at 07:14 EDT, August 28, 2026
Premarket price
$38.20
−5.75%
Implied value lost
~$833M
357.38M shares × $2.33
Premarket volume
1.25M
as of 07:14 EDT
Market value
$14.46B
prior-close basis
Quarterly revenue mix flipped
51.4% of Q4 revenue came from AI Cloud; Bitcoin mining supplied 48.6%.
ARR conversion ladder
Contracted ARR
$4.0B
Operating today
$1.0B
Q4 GAAP AI Cloud revenue
$70.5M
ARR is a non-GAAP operating metric. IREN warns recognized revenue may be materially lower. Commissioning and customer acceptance govern conversion.
Operating scorecard
| US$ millions | Q4 | Q3 | Change |
|---|---|---|---|
| Total revenue | 137.2 | 144.8 | −5.2% |
| AI Cloud | 70.5 | 33.6 | +109.8% |
| Bitcoin mining | 66.7 | 111.2 | −40.0% |
| Adjusted EBITDA | 19.2 | 59.5 | −67.7% |
| Net loss | (684.0) | (247.8) | Wider |
Capital architecture
$14B liquidity + commitments
$2.8B GPU financing
90% GPU capex financed
45–55% customer prepayments
Quarter-end cash and restricted cash: $7.62B.
Q4 operating cash flow: $1.81B, including a $1.72B increase in deferred revenue.
Deferred revenue supports cash flow before revenue recognition. It also creates delivery obligations.
Why the shares moved
The market is weighing a fast mix shift against its accounting cost. AI Cloud more than doubled sequentially, but adjusted EBITDA fell 68% and the quarter carried a $450.4M mining-hardware impairment.
The key question is no longer demand alone. It is how quickly contracted ARR becomes recognized revenue without further impairments, delays or financing strain.
Market pressure points
52-week range
$25.31–$76.87
Short interest
30.61% of float
Three-month return
−36.21%
One-year return
+53.06%
Execution milestones
| 2026 IT capacity target | 0.3 GW |
| 2027 IT capacity target | 0.8 GW |
| Horizon 1 | Accepted by Microsoft |
| Recent contract economics | >$20M revenue/MW |
| Claimed payback | ~2 years |
Risks to monitor
Commissioning delaysCustomer concentrationGPU supplyHardware obsolescenceDebt costBitcoin exposure
The $4B contracted ARR figure is not recognized revenue. Timing, utilization, uptime and customer acceptance remain decisive.
Sources: IREN FY2026 results; MarketWatch quote and ownership data; Investors.com market report. Financial figures in U.S. dollars. Calculations may differ due to rounding.
Artificial IntelligenceNASDAQ:MRVL
Marvell Shares Drop 6.9% as Google AI Revenue Timeline Pushes Out to 2029
SANTA CLARA, California, August 28, 2026, 07:21 — Marvell Technology fell 6.9% as investors reacted to Google's adjusted forecast, placing significant AI-related revenue gains…
NASDAQ: MRVL · Fiscal Q2 2027
Record quarter, delayed payoff
The market discounted strong results because Google-linked revenue is weighted toward fiscal 2029.
Market data: Aug. 28, 2026, 06:57 EDT
Financials: quarter ended Aug. 1, 2026
Financials: quarter ended Aug. 1, 2026
Premarket price
$224.77
−6.91% vs. $241.45 close
Implied value erased
≈$14.6B
$16.68 per share × 875.8M shares
Quarterly revenue
$2.739B
Record; +37% year over year
Data-center revenue
$2.17B
+46%; about 79% of sales
Revenue scale and forward targets
Management lifted fiscal 2027 guidance by about $500 million and fiscal 2028 guidance by about $1.5 billion.
Quarterly scorecard
| Metric | Q2 FY27 | Signal |
|---|---|---|
| Revenue | $2.739B | +37% |
| Adjusted EPS | $0.94 | $0.93 est. |
| GAAP net income | $308M | +58% |
| Operating cash flow | $605.5M | 22.1% margin |
| Non-GAAP gross margin | 58.9% | Profitable scale |
Guidance and timing
| Signal | Current view | Investor meaning |
|---|---|---|
| Q3 revenue | $3.15B ±5% | More than 50% growth implied |
| Q3 adjusted EPS | $1.10 ±$0.05 | Above Q2 run-rate |
| Google contribution | Some through FY28 | Larger in FY29 |
| Investor Day | Oct. 6, 2026 | Next major detail point |
Valuation and analyst frame
The median target offers roughly 22% upside from premarket. Forward P/E is 58.4×, versus 32.2× for Broadcom.
Artificial IntelligenceCloud Computing
Salesforce Shares Jump 22.6% with AI and Data ARR Approaching $3.9 Billion
Salesforce Inc. rose 22.6% on Thursday, as improved contract growth and increased cash flow boosted investor faith in its AI approach.
Salesforce Q2 FY2027 investor dashboard
AI monetization accelerates; valuation catches up quickly.
Market close: Aug. 27, 2026, 16:00 EDT
Compiled: Aug. 28, 2026, 04:10 EDT
Compiled: Aug. 28, 2026, 04:10 EDT
CRM close$252.05+22.58%
Volume55.52M4.4× recent average
Market value$206.4B≈+$38B in one day
Analyst target$2675.9% above close
Quarterly operating scorecard
| Metric | Value | Growth |
|---|---|---|
| Revenue | $11.35B | +11% |
| cRPO | $33.5B | +14% |
| Agentforce + Data 360 ARR | ≈$3.9B | >+210% |
| Free cash flow | $1.1B | +81% |
| GAAP operating margin | 20.5% | — |
Guidance raise composition
Updated FY2027 revenue range: $46.1B–$46.4B. Contentful and Fin remain pending.
FY2027 revenue$46.1B–$46.4B+11%–12%
FY2027 non-GAAP margin34.3%maintained
Q3 revenue$11.42B–$11.50B+11%–12%
Q3 cRPO growth≈14%excludes pending deals
Analyst positioning
| Rating | Count | Share |
|---|---|---|
| Buy | 29 | |
| Hold | 9 | |
| Sell | 1 |
39 analysts; targets range from $160 to $400. Data viewed Aug. 28, 2026.
Investor checklist
Organic revenueAI usage pricingcRPOContentful closeFin closeCash conversion
| Signal | Bull case | Risk case |
|---|---|---|
| AI monetization | ARR sustains triple-digit growth | Usage fails to lift core growth |
| Guidance quality | Organic raise expands | Acquisitions carry the increase |
| Valuation | Targets move higher | Close already nears consensus |
| Margins | Cash growth stays ahead of sales | Integration costs pressure leverage |
Sources: Salesforce Q2 FY2027 release; Public/Xignite closing data; Google Finance analyst data; Reuters. Prices as of Aug. 27 close. Not investment advice.
Artificial IntelligenceNASDAQ:INTC
Intel Stock Rises 4.4% as Nvidia Forecast Revives AI-Chip Demand
Intel Corporation rose 4.36% on Thursday as Nvidia's forecast revived confidence in AI infrastructure spending.
NASDAQ: INTC · AI-demand spillover
Intel gains, but dilution still sets the hurdle
Nvidia's forecast lifted Intel 4.36%; the close remains below Intel's recent $95 share-sale price.
Market data: Aug. 27, 2026, 20:15 EDT
Financials: Q2 2026
Financials: Q2 2026
Close
$92.09
High $92.92 · Low $88.51
Daily move
+4.36%
+$3.85 per share
Volume
100.56M
+32.7% vs. Aug. 26
Market value
$470.0B
About +$19.6B on the day
Five-session Intel close
Why the stock moved
Nvidia move+8.72%AI-spending confidence
Nvidia forecast~70%next-fiscal-year revenue growth
Offering price$95.00Intel close is 3.1% lower
ConsensusHold$114.88 average target
Peer reaction and valuation
| Company | Close | Move | Volume | Trailing P/E |
|---|---|---|---|---|
| Intel | $92.09 | +4.36% | 100.56M | N/M |
| Nvidia | $227.98 | +8.72% | 298.91M | 28.6× |
| AMD | $476.67 | −0.86% | 16.44M | 122.5× |
| Micron | $935.39 | −0.36% | 28.84M | 21.2× |
The split tape matters: Thursday rewarded Intel's AI exposure, but the whole semiconductor group did not rally.
Intel operating scorecard
| Q2 revenue | $16.1B | +25% |
| GAAP gross margin | 40.4% | +12.9 pts |
| GAAP operating margin | 11.1% | +35.8 pts |
| Non-GAAP net income | $2.2B | vs. loss |
| GAAP net result | −$11.0B | loss |
What investors are pricing
Operations improve
Revenue and margins rose sharply, but the GAAP loss kept earnings quality in focus.
$20B equity raise
Intel sold 210.5 million shares at $95, creating a clear dilution and execution benchmark.
AI demand rerates Intel
Nvidia's forecast lifted Intel, yet no new Intel design win was announced.
Investor takeaway
Intel's 4.36% gain says the market sees value in its exposure to expanding AI budgets. The harder test is conversion: foundry utilization, server share, margin durability and cash generation must justify both a $470 billion valuation and the new capital raised at $95.
Artificial IntelligenceNASDAQ:IREN
IREN Shares Drop 6% After Hours as AI Shift Spurs $639 Million Write-down
Shares of IREN Limited dropped 5.97% in after-hours trading on Thursday. Despite strong expansion in AI Cloud, the costs from infrastructure transition and associated…
IREN investor dashboard
FY26 transition to AI Cloud • Market data at August 27, 2026, 18:00 EDT
After-hours price
$38.11
-$2.42 • -5.97%
FY26 revenue
$707.0M
+41.1% YoY
AI Cloud revenue
$128.8M
~7.9× YoY
FY26 net loss
-$702.6M
$638.8M impairment
Revenue mix shift
AI Cloud rose from 3.3% to 18.2% of annual revenue.
Contracts and capacity
| Operating ARR | $1.0B |
| Contracted 2026 ARR | $4.0B |
| 2026 IT capacity | ~0.3GW |
| 2027 IT capacity target | ~0.8GW |
| Recent revenue / MW | >$20M |
| Customer prepayments | 45–55% GPU capex |
ARR is a non-GAAP operating metric. Recognized revenue may be materially lower.
Financial bridge
| Metric | FY25 | FY26 | Change |
|---|---|---|---|
| Total revenue | $501.0M | $707.0M | +41.1% |
| AI Cloud revenue | $16.4M | $128.8M | +685% |
| Adjusted EBITDA | $269.7M | $245.7M | -8.9% |
| Net income/(loss) | $86.9M | -$702.6M | NM |
Market and analyst view
| Regular close | $40.53 |
| After-hours | $38.11 |
| Implied value change | ~-$865M |
| 52-week range | $22.63–$76.87 |
| Ratings | 7 Buy / 2 Hold / 1 Sell |
| Average target | $77.44 |
Investor read-through
AI demand validatedLegacy mining impairmentHeavy external financingExecution riskWatch: quarterly adjusted EBITDA fell 67.7% sequentially as staffing and platform costs arrived before the revenue ramp. Deferred revenue drove $1.722 billion of quarterly operating cash flow.
Sources: IREN FY26 results; Public after-hours data; Google Finance. Extended-hours prices may change before the next regular session.
Artificial IntelligenceEarnings
Synopsys Shares Rise 10.7%, Market Cap Climbs $8.5 Billion on Upbeat AI-Driven Outlook
Shares of Synopsys climbed 10.7% as increased demand for chip design enabled the software firm to boost its yearly guidance. The stock was last…
Synopsys (NASDAQ: SNPS)
Q3 FY2026 earnings and Ansys integration
Market snapshot: Aug. 27, 2026, 12:08 ET
Share price$454.06+10.7%
Q3 revenue$2.477B+42.4% YoY
Adjusted margin41.6%14.4% GAAP
FY revenue midpoint$9.715BRaised outlook
Quarterly revenue mix
Electronic Design Automation — $1.283B / 51.8%
Ansys — $711.1M / 28.7%
Design IP — $473.8M / 19.1%
Margin bridge
$402.4M of acquired-intangible amortization and $231.6M of stock compensation widened the gap.
Guidance and cash generation
| Measure | FY2026 / Q4 range |
|---|---|
| FY revenue | $9.69B-$9.74B |
| FY adjusted EPS | $15.04-$15.10 |
| Q4 revenue | $2.53B-$2.58B |
| Q4 adjusted EPS | $4.10-$4.16 |
| FY operating cash flow | About $2.8B |
| FY free cash flow | About $2.6B |
Valuation signal
The one-day equity-value gain was about 2.9 times expected full-year Ansys revenue.
Balance sheet and investor watchlist
| Signal | Current reading | What to watch |
|---|---|---|
| Cash + short-term investments | $3.608B | Integration flexibility |
| Outstanding debt | $10.037B | Debt paydown pace |
| Recurring revenue | 82% | Renewal quality and pricing |
| Q3 operating cash flow | $813M | Conversion into free cash flow |
Risks
Ansys integration expense, acquisition-related debt, export controls and the large GAAP-to-adjusted margin gap can challenge the premium valuation. After a 10.7% rally, guidance execution matters more.
Sources: Synopsys Q3 FY2026 financial supplement and quarterly results; market data at Aug. 27, 2026, 12:08 ET. Figures may be rounded.
Artificial IntelligenceEarnings
ServiceNow Shares Surge 9%—$11.7 Billion Gain Linked to Salesforce AI Results Shifting Software Valuations
SANTA CLARA, California, August 27, 2026, 10:37 EDT — ServiceNow's stock soared 9%, translating to an added $11.7 billion in market value as Salesforce's…
NYSE: NOW · Stock move
ServiceNow re-rating dashboard
Salesforce's AI results pulled enterprise software higher.
Market snapshot
Aug. 27, 2026 · 10:37 EDT
Aug. 27, 2026 · 10:37 EDT
NOW price
$137.16
+9.03% · +$11.36
Value created
≈$11.7B
Based on 1.03B shares
Volume
10.52M
64.7% of 20-day average by 10:37
Consensus upside
3.7%
$142.23 average target
The gap compressed
What powered the move
Salesforce stock+20.75%
Agentforce + Data 360 ARR$3.9B · +210%
Agentforce ARR>$1.5B · +240%
FY27 revenue outlook$46.1B-$46.4B
Salesforce market data at 10:28 EDT; operating metrics released Aug. 26.
ServiceNow operating engine
Q2 subscription revenue$3.877B · +24.5%
Q2 cRPO$13.20B · +21%
Q2 RPO$29.0B · +21%
FY26 subscription guide$15.760B-$15.780B
FY26 FCF margin guide35%
Valuation and expectations
Market capitalization$141.80B
Forward P/E27.76×
Forward price/sales7.36×
EV/free cash flow28.78×
Analyst ratingStrong Buy · 49 analysts
Software read-through
| Company | Price | Move |
|---|---|---|
| ServiceNow (NOW) | $137.16 | +9.03% |
| Salesforce (CRM) | $248.29 | +20.75% |
| Workday (WDAY) | $197.39 | +3.48% |
| Oracle (ORCL) | $150.84 | +1.32% |
NOW at 10:37 EDT; peer prices at about 10:28 EDT on Aug. 27, 2026.
Near-term checks
2:40 p.m. EDT today
ServiceNow CFO Gina Mastantuono speaks at Deutsche Bank's technology conference.
Next quarter
Watch whether cRPO holds near 20% constant-currency growth and AI ACV converts into subscriptions.
Risk
The rally is a peer read-through. Average target upside is now only 3.7%.
Trend context, correctly dated
The U.S. search phrase “now stock” also points to ServiceNow's expanded Tech Mahindra partnership. It was announced Aug. 20, not today. Tech Mahindra says its ServiceNow deployment handles more than 100,000 monthly cases across 90 countries, supports 150,000 employees and has optimized about 25% of first-level support work.
Revenue and bookings proofValuation re-ratingExecution checkpoint
Artificial IntelligenceStock Market
Volato Shares Jump 55% After $500 Million AI Deal Surpasses Company’s Market Cap
Volato Group, Inc. jumped 55.31% on Wednesday as the firm announced a merger with Alignment Engine. The private AI-infrastructure company was valued at about…
Volato Group · NYSE American: SOAR
$500M deal meets a $13M equity base
Alignment Engine merger · AI infrastructure · Ohio powered campus
Market snapshot: August 27, 2026, 08:18 EDT
Financials: quarter ended June 30, 2026
Financials: quarter ended June 30, 2026
August 26 close
$0.2429
+55.31% at 16:00 EDT
Premarket
$0.20
−17.21% at 08:08 EDT, August 27
Volume
779.55M
19.9× the 65-day average · August 26 close
Quoted market value
$13.03M
August 26 close
Transaction scale
The $4.6M market-value gain was less than 1% of the transaction valuation. Preferred-stock terms decide how much value reaches existing common holders.
Powered-campus runway
Operating baseline
| Metric | Figure | Signal |
|---|---|---|
| Q2 revenue | $0.965M | Small base |
| Q2 net loss | −$2.051M | Loss exceeds revenue |
| Cash | $8.440M | June 30 |
| H1 operating cash use | −$2.855M | Funding need remains |
| H1 financing cash | +$6.953M | Mostly equity-linked |
| Analyst consensus | None | Zero current ratings |
Common-share expansion
Deal path
Aug. 26Definitive merger announced; Alignment Engine valued near $500M.ClosingExpected shortly after signing, subject to customary conditions.After closingSOAR remains the public parent; preferred conversion needs shareholder action.Next filingWatch the exchange ratio, preferred rights, financing and pro forma ownership.
What can break the thesis
| Ownership | Undisclosed conversion economics can dilute common holders. |
| Funding | Campus buildout costs and capital sources remain undisclosed. |
| Commercial proof | No campus customers, revenue or contracted backlog were reported. |
| Execution | The path from 154 MW to 480 MW needs permits, equipment and financing. |
| Liquidity | Extreme turnover and the premarket reversal imply high volatility. |
Calculations use cited figures. Rounded values may not reconcile exactly.
Artificial IntelligenceCloud Computing
Salesforce Shares Surge 11% Before Market Open, AI ARR Reaches $3.9 Billion, Market Value Increases by $18.5 Billion
Shares of Salesforce surged 10.99% to $228.63 during Thursday's premarket session, after the company reported better-than-expected fiscal second-quarter earnings and raised its full-year forecast.…
Salesforce · NYSE: CRM
AI growth cleared the earnings bar
Market data: Aug. 27, 2026, 05:47:55 EDT
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
Premarket price
$228.63
+$22.64 · +10.99%
Implied value added
$18.5B
819M shares × move
Q2 revenue
$11.35B
+11% year over year
AI + data ARR
$3.9B
More than +210% YoY
What the market is paying for
Operating signals
Quarterly scorecard
| Metric | Q2 FY27 | Year earlier | Change |
|---|---|---|---|
| Revenue | $11.345B | $10.236B | +10.8% |
| Current RPO | $33.5B | ≈$29.4B | +14% |
| Free cash flow | $1.098B | $0.605B | +81% |
| GAAP operating margin | 20.5% | 22.8% | −230 bp |
| Diluted share count | 821M | 962M | −14.7% |
FY2027 outlook
| Revenue | $46.1B–$46.4B |
| Revenue growth | 11%–12% |
| Non-GAAP margin | 34.3% |
| Free-cash-flow growth | 4%–5% |
| Non-GAAP EPS | $16.67–$16.71 |
Analyst frame
Buy · $242.64
Mean recommendation and average target from 53 analysts.
The target implies about 6% upside from $228.63. Premarket trading has already captured most of the pre-result consensus gap.
Catalyst map
Now: Earnings beat, 14% cRPO growth and nearly $3.9B of AI-and-data ARR.
Next: Contentful and Fin closings, Q3 cRPO delivery and October ASR settlement.
Risk map
Acquisitions contribute $200M of the $200M reported guidance raise; organic growth contributes $100M while FX subtracts $100M.
GAAP margin fell 230 basis points. Strategic investments supplied $2.53 of adjusted Q2 EPS.