JPM Tech Sketch

Latest edition · August 27, 2026

JPM TECH SKETCH META Settles, Watermelon Soon, AMZN AWS Triples NVDA Partnership, CRWD Q2 Mythos Moment, MDB Q2 Preview – Atlas Hugged, CRM Q2 Content(ful) with Low Expectations

J.P. Morgan TMT Specialist Sales highlights pre-market market reactions to CrowdStrike's Q2 beat-and-raise and Salesforce's mixed print with expanded Anthropic integration. Key desk color covers Meta's $18B teen social media litigation settlement and AWS tripling its NVIDIA GPU partnership to 3M units.

This J.P. Morgan Tech Sketch provides specialist sales color on major TMT market catalysts. Meta resolved its state AG teen social media litigation with an $18B 10-year settlement while targeting an October release for its Watermelon model. NVIDIA and AWS announced an additional 2 million GPU expansion through Q2 FY29. In enterprise software earnings, CrowdStrike jumped +9% pre-market on robust Net New ARR (+51% Y/Y) driven by AI threat tailwinds, Salesforce surged +11% on Q3 cRPO strength and a new Claudeforce partnership despite acquisition-aided guidance, and MongoDB faces high bogeys for Atlas acceleration in its upcoming Q2 report.

Key takeaways from the latest edition

• 1.Meta reached an $18B 10-year settlement across state AGs over youth online safety, removing an immediate multi-year legal overhang ahead of the targeted October 2026 release of its Watermelon model.
• 2.AWS expanded its partnership with NVIDIA to deploy an additional 2M GPUs through Q2 FY29, bringing the total deployment to 3M GPUs and supporting rising buyside expectations for 2027 AWS revenue growth.
• 3.CrowdStrike delivered a strong Q2 beat-and-raise with Net New ARR of $333M (+51% Y/Y), supported by accelerating post-Mythos AI security demand and an eight-figure ARR deal with a frontier lab.

What this series covers

• SCHILSKY'S SNAPSHOT
• NEWS – DESK COLOR – JPM TECH RESEARCH
• META Settles Multi-State Teen Social Media Suit + Watermelon Soon
• AMZN AWS Triples NVDA GPU Partnership
• CRWD Q227 Earnings – The Man, The Mythos, The Legend
• MDB Q227 Earnings Preview – Atlas Hugged - or Rugged?
• CRM Q227 Earnings – Content(ful) with Low Expectations
• PANW Contemplated Buying DDOG and OKTA
• Yipit 'Chose Violence' (re: Anthropic)
• Russian Cybercriminals Used SPCX's Cursor for Hacking (re: Cybersecurity)
• TTWO An Exclusive Deep Dive Into GTA VI
• Inside OpenAI’s Reboot
• Yeah, That’s What Happens When Momentum ‘Dies’
• SCHILSKY'S SENTIMENT MONITORS
• THE INTERNET SENTIMENT MATRIX
• THE SOFTWARE SENTIMENT MATRIX
• THE MEDIA & TELECOM SENTIMENT MATRIX
• TMT CORPORATE EVENT CALENDAR

Edition archive

• JPM TECH SKETCH META Settles, Watermelon Soon, AMZN AWS Triples NVDA Partnership, CRWD Q2 Mythos Moment, MDB Q2 Preview – Atlas Hugged, CRM Q2 Content(ful) with Low Expectations

  August 27, 2026

• JPM TECH SKETCH

  August 3, 2026

• JPM TECH SKETCH 2026 07 31

  July 31, 2026

• JPM TECH SKETCH - NFLX Q2 I Will Find You (a Lower Share Price), META Hires AMZN AWS Exec, NOW Q2 Preview - Organic Chemistry, GOOGL Gemini Pro 3.5 De

  July 17, 2026

• JPM TECH SKETCH - UBER Advanced Talks with DHER.GY, CVNA Q2 Preview - Return to EBITDA-Unit Growth, IBM Positive for Security, LION Finally Getting Bo

  July 15, 2026

• JPM TECH SKETCH - Internet Q2 Earnings Preview Deck (META, GOOGL, AMZN, NFLX, SPOT, etc.), IBM Negative Pre, APP Plunges - Again. Tue Jul 14 2026

  July 14, 2026