AI Stocks Soar as Nvidia, CrowdStrike Deliver Q2 Growth

Nvidia (NVDA) reported Q2 revenue of $96.2 billion, up 106% from last year and exceeding expectations at $92.2 billion.

Data center sales jumped 117%, with cloud giants like Microsoft, Alphabet, Meta Platforms, and Amazon driving growth.

T Truist raised Nvidia's price target to $346, expecting sales to grow 100% next year despite supply limits capping growth at 70%. The firm believes this will boost Nvidia and revive AI stocks.

CrowdStrike (CRWD) stock climbed nearly 14%, with Q2 revenue reaching $1.47 billion, a 26% year-on-year increase. New annual recurring revenue reached $332.8 million, helped by growing adoption of its Falcon Flex licensing model.