Today: 3 June 2026
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Artificial Intelligence 1 June 2026 - 2 June 2026

Wall Street Finishes at New Highs on AI Surge; HPE Grabs Spotlight After Hours

Wall Street Finishes at New Highs on AI Surge; HPE Grabs Spotlight After Hours

S&P 500 and Nasdaq closed at record highs, led by Nvidia’s 6.3% surge after its new RTX Spark chip launch. HPE shares soared 36% post-earnings as revenue jumped 40% and guidance rose. After-hours, major ETFs slipped: SPY down 0.23%, QQQ off 0.35%. Only tech and energy sectors finished higher. Oil spiked 4.24% on U.S.-Iran tensions. Factory PMI hit 54.0, strongest since May 2022.
2 June 2026
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Broadcom Shares Up Ahead of Earnings With AI Sales in Focus

Broadcom Shares Up Ahead of Earnings With AI Sales in Focus

Broadcom jumped 3% to $459.97 ahead of Wednesday’s Q2 earnings, with options pricing in a 9% swing either way. Analysts raised targets, led by HSBC’s $600 call. Investors focus on AI chip and networking demand through 2027 after Q1 AI revenue soared 106% to $8.4B. Q2 guidance: $22B revenue, 68% adjusted EBITDA margin. Risks flagged if AI orders or forecasts disappoint as stock nears consensus target.
2 June 2026
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Keel Infrastructure shares jump again as single AI lease grabs focus

Keel Infrastructure shares jump again as single AI lease grabs focus

Keel Infrastructure surged 7.39% to $6.10 after shifting from bitcoin mining to AI data-center infrastructure, with 48.7 million shares traded. Q1 revenue fell 23% to $37 million, with a $98 million operating loss. Liquidity stands at $533 million. Keel aims to secure leases at Panther Creek, Sharon, and Moses Lake. Alliance Global raised its price target to $8. Analyst average is $5.25. No hyperscale lease yet, unlike peer Applied Digital.
2 June 2026
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Intel Stock Drops as Nvidia’s AI PC Chip Takes Aim at Its Core Turf

Intel Stock Drops as Nvidia’s AI PC Chip Takes Aim at Its Core Turf

Intel plunged 4.7% to $109.33 as Nvidia launched RTX Spark, a new AI PC chip set for release this fall in systems from Dell, HP, Lenovo, Asus, and Microsoft. Nvidia jumped 6.3%. The Philadelphia SE Semiconductor Index rose 1.1%. Intel’s Computex announcements of Xeon 6+ and Crescent Island failed to reassure investors. Barclays raised Intel’s price target to $100 but kept an Equal Weight rating.
2 June 2026
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Constellation Energy Shares Drop After $3.1 Billion Sale Raises Questions for AI Power Bet

Constellation Energy Shares Drop After $3.1 Billion Sale Raises Questions for AI Power Bet

Constellation Energy plunged 6.6% to $268.90 after existing holders priced 11 million shares at $281 in a secondary offering, raising $3.09 billion with no proceeds to the company. Constellation agreed to repurchase 2 million shares from underwriters. Utilities lagged the market; Vistra fell 3.5%, NRG 3.6%. The Crane plant restart, key to AI data-center power deals, faces possible grid-access delays, with regulatory rulings expected by July.
1 June 2026
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Arista Networks Stock Jumps Toward Record as AI Networking Bets Heat Up

Arista Networks Stock Jumps Toward Record as AI Networking Bets Heat Up

Arista Networks surged 7.65% to $171.68, adding $15 billion in market value as investors targeted AI infrastructure plays. First-quarter revenue jumped 35.1% to $2.709 billion, with operating cash flow at $1.69 billion. Analyst upgrades cite potential 40% revenue growth if Arista holds key cloud customers. Risks remain from supply shortages, customer concentration, and margin pressure from rising component costs.
1 June 2026
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Dow Inches Up After Hours; Nvidia’s AI Move Keeps Wall Street Near Highs

Dow Inches Up After Hours; Nvidia’s AI Move Keeps Wall Street Near Highs

Dow closes up 44.70 points to 51,076.85 as Nvidia’s RTX Spark chip news lifts tech stocks; S&P 500 and Nasdaq also rise. Oil prices jump to $94.98 on renewed U.S.-Iran tensions, capping broader gains. Factory activity grows for a fifth month, complicating Fed rate outlook. Market breadth remains narrow, with most advances in tech and AI. Investors await Friday’s jobs report and the Fed’s June meeting.
1 June 2026
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POET Technologies up 17% as traders look at AI orders, lawsuit timing, Marvell selloff

POET Technologies up 17% as traders look at AI orders, lawsuit timing, Marvell selloff

POET Technologies surged 16.7% to $14.34 on Nasdaq as over 36 million shares traded after new law firm reminders about a June 29 lead-plaintiff deadline in a securities case tied to April’s selloff. The stock’s rebound follows a $50 million Lumilens order, $400 million financing, and Q1 revenue jump, but legal risks and reliance on AI data-center deals remain. POET aims to move its headquarters to the U.S. to avoid PFIC tax issues.
1 June 2026
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Marvell Shares Tick Up After Latest AI Move

Marvell Shares Tick Up After Latest AI Move

Marvell Technology surged 9% to $223.36 after launching the Teralynx T100, a 102.4 Tbps switch chip for AI and cloud data centers. Fiscal Q1 revenue hit $2.418 billion, up 28%, with Q2 guidance at $2.70 billion. Barclays raised its price target to $275. Marvell targets over $10 billion in custom chip sales for fiscal 2029, but 82% of 2026 sales depend on 10 clients, and supply risks remain.
1 June 2026
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Zoom Gains 11% as Anthropic IPO Filing Draws Spotlight to Its $1.27 Billion AI Stake

Zoom Gains 11% as Anthropic IPO Filing Draws Spotlight to Its $1.27 Billion AI Stake

Zoom shares soared nearly 11% to $114.56 after Anthropic filed confidentially for an IPO, spotlighting Zoom’s $1.27 billion stake in the AI firm. Zoom also launched ZoomMate, a $20/month AI tool that automates meeting tasks. Q1 revenue rose 5.5% to $1.239 billion. The company warned that Anthropic’s IPO timing and valuation could impact results, and competition from Microsoft, Google, and Cisco remains intense.
1 June 2026
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Alphabet Shares Dip as Google Stock Faces Another AI Hurdle

Alphabet Shares Dip as Google Stock Faces Another AI Hurdle

Alphabet shares fell 1.1% to $376.26 Monday, lagging the QQQ ETF’s 0.9% gain, as investors weighed AI-driven growth against soaring capex, now forecast at up to $190 billion for 2026. Piper Sandler and Truist raised price targets, citing AI and cloud momentum. EU draft rules threaten cloud contracts. DuckDuckGo’s “no-AI” search traffic surged after Google’s AI changes. Alphabet’s annual meeting is set for Friday.
1 June 2026
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Twilio Stock Surges As AI Turnaround Pulls Wall Street Back In

Twilio Stock Surges As AI Turnaround Pulls Wall Street Back In

Twilio shares surged 14.7% to $218.75 after raising its 2026 outlook and reporting first-quarter revenue up 20% to $1.41 billion. Analysts cited gross-profit growth and AI-driven demand. The company lifted its 2026 revenue growth forecast to 14%-15% and non-GAAP operating income to up to $1.10 billion. Gross margin slipped to 49% as carrier fees rose. Market cap reached $34.5 billion.
1 June 2026
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Anthropic IPO Filing Faces Wall Street’s $965 Billion Challenge

Anthropic IPO Filing Faces Wall Street’s $965 Billion Challenge

Anthropic has confidentially filed a draft S-1 for a planned IPO after raising $65 billion at a $965 billion valuation. Annualized revenue reached $47 billion in May, but losses persist. Claude faces rivals OpenAI and Google. Investor Michael Burry warned the $1 trillion valuation may not hold. Uncertainty surrounds a key compute deal with SpaceX, whose AI unit lost $2.5 billion last quarter. Public filing could reveal revenue, losses, and customer details for the first time.
1 June 2026
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Oracle Stock Moves Higher as AI Backlog Draws Focus

Oracle Stock Moves Higher as AI Backlog Draws Focus

Oracle surged over 8% to $244.73 after beating Q3 earnings forecasts and reporting a 44% jump in cloud revenue. Remaining performance obligations soared 325% to $553 billion. Oracle projects $67 billion in fiscal 2026 revenue and $50 billion in capital spending. Bearish bets surfaced, with a $1.07 billion put-options position disclosed. Investors now watch if AI contracts convert fast enough to offset heavy data-center costs.
1 June 2026
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TSMC Shares Up After Nvidia’s AI PC Push Brings Focus Back to Taiwan Chipmaker

TSMC Shares Up After Nvidia’s AI PC Push Brings Focus Back to Taiwan Chipmaker

TSMC’s U.S. shares jumped 5.4% to $441.09 after Nvidia unveiled its new AI-focused RTX Spark chip in Taipei. Investors pushed TSMC’s ADRs higher on strong demand for its advanced chip manufacturing and tight capacity. TSMC forecasts Q2 revenue of $39.0–$40.2 billion and gross margin up to 67.5%. Taipei shares held steady, while TAIEX hit a record 45,338. TSMC’s next sales update is due June 10.
1 June 2026
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UiPath Shares Jump Almost 10% as AI Test Arrives for PATH

UiPath Shares Jump Almost 10% as AI Test Arrives for PATH

UiPath surged nearly 10% to $12.88 after Q1 revenue beat at $418M, guidance raised, and first GAAP profit posted. Annualized renewal run-rate climbed 12% to $1.901B. Analyst targets mostly unchanged; consensus neutral, average $14.48. BofA remains Underperform, citing AI competition and sustainability doubts. Microsoft and ServiceNow expanding in AI agents. UiPath warns on ARR risks, customer retention, and reliance on third-party AI models.
1 June 2026
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ServiceNow Stock Gains as Wall Street AI Trade Turns

ServiceNow Stock Gains as Wall Street AI Trade Turns

ServiceNow soared 8.5% to $134.95 in heavy trading after Nvidia CEO Jensen Huang dismissed fears that AI agents will replace software firms, calling it “exactly the opposite.” Salesforce, IBM, and Adobe also rallied as investors rotated back into software stocks. ServiceNow reported Q1 subscription revenue up 22% to $3.67 billion and a 130%+ jump in $1M+ Now Assist customers. Risks flagged include competition, AI adoption, macro factors, and FX.
1 June 2026
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Dow Falls as Nvidia Gains; AI Trade Goes Up Against Rising Oil

Dow Falls as Nvidia Gains; AI Trade Goes Up Against Rising Oil

Nvidia surged 4.34% after launching a new AI PC chip with Microsoft, while Qualcomm dropped nearly 7%. Dow fell 0.22%, S&P 500 flat, Nasdaq up 0.01%. Brent crude jumped 6.11% to $96.69 on Iran-linked risks. United Airlines slid 4.61%, Exxon rose 2.78%. Berkshire Hathaway agreed to buy Taylor Morrison Home for $6.8 billion; shares soared 22.43%. U.S. manufacturing PMI hit a two-year high.
1 June 2026
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Fluence Energy Stock Surges as Siemens, Nvidia Unveil Data-Center AI Power Plan

Fluence Energy Stock Surges as Siemens, Nvidia Unveil Data-Center AI Power Plan

Fluence Energy stock soared 31% to $24.80 after Siemens named it in a new NVIDIA-linked AI data center power plan, featuring Fluence’s battery systems in a 136-megawatt reference design. The rally follows a record $5.6 billion backlog and two hyperscaler supply deals. Fluence posted Q2 revenue of $464.9 million, a narrowed net loss of $29.2 million, and negative adjusted EBITDA of $9.4 million.
1 June 2026
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IREN stock drops 7% into MSCI index add — what traders watch before Monday

IREN Stock Gets a $3.65 Billion Answer to Its Biggest AI Question

IREN shares slipped 0.7% premarket to $63.54 after closing a $3.65 billion investment-grade GPU financing facility to support its Microsoft AI cloud contract. The debt, secured by GPUs and contract cash flows, includes a $1.5 billion delayed-draw loan and $2.1 billion in 5.96% senior notes. IREN expects ARR to rise to $4.4 billion after deploying Nvidia Blackwell systems from Dell, but targets depend on delivery, utilization, and pricing.
1 June 2026
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Stock Market Today

  • Micron Hits $1 Trillion Market Cap Amid AI-Driven Memory Demand
    June 3, 2026, 3:42 PM EDT. Micron Technology recently reached a $1 trillion market capitalization, driven by surging demand for memory components critical to artificial intelligence (AI) systems. Its revenue surged 196% year-over-year to $23.9 billion, reflecting the essential role of DRAM, NAND, and high-bandwidth memory (HBM) in AI hardware. While GPU chips power AI, efficient processing relies heavily on rapid memory access, making Micron a key bottleneck supplier in the AI infrastructure. However, questions remain about whether the stock has fully priced in future growth or if challenges could curb returns. Investors should consider how AI's evolution continues to escalate memory needs, potentially sustaining Micron's market strength beyond its current valuation.

Latest articles

Oklo Stock Is Getting Hit. The Insider-Sale Filing Traders Are Watching

Oklo Stock Is Getting Hit. The Insider-Sale Filing Traders Are Watching

3 June 2026
Oklo plunged about 10% to $65.89 after a June 2 SEC filing revealed 200,000 Class A shares sold June 1 under a pre-arranged insider-trading plan tied to CEO Jacob DeWitte, triggering a sharper drop than peers as investors reacted to the insider-sale disclosure despite ongoing U.S. nuclear fuel-supply momentum and recent government selection for advanced reactor fuel talks.
Apple Shares Slip Ahead of Key AI Event

Apple Shares Slip Ahead of Key AI Event

3 June 2026
Apple shares slid 1.8% to $309.67 as investors grew cautious ahead of the June 8 WWDC, where Apple is expected to reveal AI advancements; UBS sees limited upside from the event, while Morgan Stanley and BofA are more bullish, making the keynote a key test for Apple’s valuation and future iPhone demand.
T1 Energy Stock Gets a $32 Million Battery Test as AI Power Demand Builds

T1 Energy Stock Gets a $32 Million Battery Test as AI Power Demand Builds

3 June 2026
T1 Energy shares held nearly flat after announcing a $32 million deal to acquire KORE Power, expanding into battery storage and data-center infrastructure; Northland initiated coverage with an Outperform rating and $16 price target but highlighted funding and ramp-up risks, as T1 aims for positive EBITDA in 2026 and $15–20 million EBITDA contribution in 2027, pending deal closure and KORE shareholder approval.
Grab Shares Slide After Q1 Beat, Investors Eye Market Headwinds

Grab Shares Slide After Q1 Beat, Investors Eye Market Headwinds

3 June 2026
Grab shares slid 5.7% to $3.395 in heavy Nasdaq trading, underperforming after strong Q1 results with revenue up 24% and adjusted EBITDA up 46%, as investors worried about rising fuel costs, Indonesia’s planned commission cap, and broader market weakness driven by Middle East tensions and higher oil prices.
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