AI Stocks Soar on Strong Earnings from Salesforce and CrowdStrike

The AI stocks surged on Thursday, August 27, led by Salesforce and CrowdStrike, which both reported fiscal Q2 results that sharply beat estimates. Salesforce (CRM) rocketed 22.6% to $252.05, while CrowdStrike (CRWD) jumped 20.5% to $227.96.

CrowdStrike's CEO George Kurtz called the quarter 'the best in our history' due to Falcon Flex adoption, which more than doubled year on year with 935 net new accounts added and top 10 deals involving Flex. The company raised its full-year revenue guide to $5.99 billion to $6.01 billion.

Palo Alto Networks (PANW) gained 12.8% as investors rotated into the sector, driven by CrowdStrike's results. Nvidia (NVDA) surged 8.7%, adding an estimated $435 billion in market capitalization and solidifying its position as a top AI stock to buy.

ServiceNow (NOW) added 10% on heavy volume, carried by the same enterprise AI monetization thesis that propelled Salesforce. The company's workflow automation engine sits across every major enterprise vertical, making it a natural beneficiary of peer results demonstrating AI features convert to contract value.