New York, February 2, 2026, 13:37 EST — Regular session
- Oracle gained roughly 1.1% following its announcement of a $45 billion to $50 billion fundraising plan through 2026 to fuel AI cloud development
- AMD climbed roughly 4.5% before Tuesday’s earnings report; Nvidia dipped around 0.8%
- After the close, investors will keep an eye on Palantir’s results amid a packed week for Big Tech
Oracle shares gained roughly 1.1% to $166.42 Monday following the company’s announcement to raise up to $50 billion this year to boost cloud capacity for AI workloads. U.S. AI stocks remained in the spotlight as AMD jumped around 4.5%, Nvidia slipped about 0.8%, and Snowflake showed little movement.
The reason this matters now is straightforward: the AI trade is turning into a balance-sheet issue. Firms are scrambling to build out data centers and chip capacity, while investors voice growing concerns over costs, returns, and who ultimately bears the risk.
Traders are bracing for a packed earnings week that could reveal if AI investments are boosting revenue and cash flow. “We’re heading into a new week with plenty of catalysts in front of us and we’re seeing some stabilization in markets,” said Art Hogan, chief market strategist at B. Riley Wealth. Reuters
Oracle announced on Sunday plans to raise between $45 billion and $50 billion in 2026 through a combination of debt and equity. This includes an at-the-market equity program that could bring in up to $20 billion, along with mandatory convertible preferred securities—preferred shares set to convert into common stock later. The remainder would be funded by senior unsecured bonds issued early in 2026, the company said. Reuters
Wall Street analysts said Oracle’s plan helped calm fears about financing its data-center expansion connected to OpenAI, following investor concerns over cash burn and leverage. Guggenheim analysts noted the company was “sending a clear message to bond investors and the rating agencies.” Oracle also revealed it had filed for an offering of 100 million depositary shares. According to Reuters, credit-default swaps — which act like insurance on a company’s debt — also softened. Reuters
Snowflake edged just off unchanged at $192.66 after unveiling a $200 million deal with OpenAI to integrate cutting-edge models into its data platform. The two firms aim to develop “AI agents” — software capable of navigating workflows, not merely responding to queries — enabling users to access internal data using plain language, no coding needed. Reuters
Chip stocks were uneven. AMD climbed to $247.46 while Alphabet added roughly 1.5%. Microsoft, meanwhile, slipped about 1.3%. Investors were positioning ahead of AMD’s earnings, set for release after Tuesday’s close. The company plans a conference call at 5:00 p.m. EST, according to its investor update. Amd
Palantir climbed roughly 2.1% to $149.73 ahead of its quarterly earnings report, scheduled for release after Monday’s closing bell. William Blair analyst Louie DiPalma upgraded the shares to “outperform,” pointing to valuation gains following a recent pullback, MarketWatch reported. The company also confirmed it will hold a webcast at 5:00 p.m. ET. Palantir Marketwatch
The downside remains a real risk. Oracle’s strategy depends heavily on issuing equity and equity-linked securities, which could dilute existing shareholders. Analysts caution that steep AI investments might weigh on margins; Jefferies projects free cash flow won’t be positive until fiscal 2029. Investors also remain cautious about Oracle’s close ties to OpenAI, which hasn’t provided clear funding details for its infrastructure needs.
Palantir is set to release earnings after the close on February 2, with AMD following on February 3. Alphabet reports on February 4, and then Amazon closes out the week on February 5. This lineup could shape the direction for AI stocks as the week progresses. Abc Aboutamazon
