Earnings live updates: Nebius stock soars as AI cloud revenue jumps 514%, Cava gains on earnings beat

Earnings live updates: Nebius stock soars as AI cloud revenue jumps 514%, Cava gains on earnings beat

Updated Wed, August 12, 2026 at 5:01 PM GMT+3 1 min read

The second quarter earnings season is beginning to wind down, with nearly 90% of S&P 500 (^GSPC) companies having already reported.

The takeaway from the quarter so far has been unbridled strength. According to FactSet data, second quarter earnings for S&P 500 companies are on pace to rise 50% year over year, the highest growth rate since 2021. Artificial intelligence has been the growth engine of that broad-based earnings growth, Bank of America strategists noted.

The next test comes this week from key players in different branches of the AI boom. Cloud provider CoreWeave (CRWV), AI server maker Supermicro (SMCI), and chip equipment manufacturer Applied Materials (AMAT) are among the key companies reporting results this week.