CNBCยท2025-09-14 12:35Core Viewpoint - The latest earnings season has alleviated investor concerns regarding the artificial intelligence boom, highlighting robust growth outlooks and capital spending projections from tech companies [1] Group 1: Broadcom (AVGO) - Broadcom reported impressive fiscal third-quarter results, driven by AI demand, and secured a new customer worth $10 billion [3][4] - Analyst Harlan Sur from JPMorgan reaffirmed a buy rating on Broadcom, raising the price target to $400 from $325, citing strong fundamentals and accelerating AI demand [4][6] - Broadcom's AI revenue grew 18% sequentially in Q3 FY25, with guidance for a 19% quarter-over-quarter growth to $6.2 billion for Q4 [5][6] Group 2: Zscaler (ZS) - Zscaler delivered strong Q4 FY25 results, driven by demand for its Zero Trust and AI security solutions, prompting Stifel analyst Adam Borg to raise the price target to $330 from $295 [8][10] - The company experienced a 31% growth in remaining performance obligations (RPO), marking the fourth consecutive quarter of acceleration [10][11] - Borg expects Zscaler to maintain high-teens top-line growth and margin expansion, supported by its leading portfolio and emerging AI security solutions [11] Group 3: Oracle (ORCL) - Oracle's stock surged due to robust cloud growth projections, despite a Q1 earnings miss, with a 359% year-over-year growth in remaining performance obligations to $455 billion [13][14] - Analyst Brent Thill from Jefferies raised the price target to $360 from $270, emphasizing the significant growth in RPO and its implications for AI optimism [14][15] - Oracle's Cloud Infrastructure business is projected to grow by 77% to $18 billion in fiscal 2026, indicating rising demand for AI workloads [16]