Today: 22 June 2026
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Cloud Computing 2 June 2026 - 21 June 2026

ARK Investment Management bought 223,690 shares of Snowflake, valued at about $52 million, after Snowflake raised its outlook and announced a five-year, $6 billion deal with Amazon Web Services. Snowflake shares jumped on the news. Microsoft shares ended at $379.40, down 2.9% since June 12, underperforming the S&P 500 and Nasdaq. Upcoming Micron earnings and new U.S. inflation data are expected to test the AI spending narrative. Nebius traded higher in premarket and will join the Nasdaq-100 on June 22, along with CoreWeave, Astera Labs, Rocket Lab, and Teradyne. Nebius also completed the acquisition of Eigen AI, adding model-optimization software to its AI cloud platform, and the stock spiked as focus shifted to execution factors like power, chips, financing, and margins. Rackspace Technology shares surged 33.8% after announcing a deal to provide 30 megawatts of AMD-powered AI compute, with phased rollout from late 2026 through 2028. Southwest Airlines plans to move most of its systems to Amazon Web Services’ cloud-based, AI-enabled infrastructure by 2028 as part of a commercial overhaul. IREN shares rose on investor enthusiasm for its shift from Bitcoin mining to AI cloud infrastructure, supported by commitments from Microsoft, Nvidia, and Dell, but the stock still carries high execution risk and faces scrutiny over the pace of converting AI-cloud deals and GPU financing into revenue. CoreWeave shares gained about 9% after news it will join the Nasdaq-100, with a new senior-notes deal supporting its AI infrastructure expansion. SharonAI announced a six-year NVIDIA collaboration for new AI data-center capacity in Australia, though the company remains unprofitable. Oracle shares dropped despite record results, as investors focus on the cost of AI data-center expansion and new financing plans, with cloud infrastructure growing 93% and a $638 billion backlog. Alphabet shares slipped despite a price target increase, as attention turned to Google Cloud growth and regulatory risks.
Snowflake Shares Jump Ahead of Results as Wall Street Bets on AI Demand

ARK picks up $52 million in Snowflake shares, bets on AI cloud

ARK Investment Management snapped up $52 million in Snowflake shares after the cloud data firm surged 33% on raised guidance and a $6 billion AWS deal, signaling a major bet on AI-driven software revenue as analysts hiked price targets to a $280 median, but the stock’s high valuation leaves little room for disappointment.
21 June 2026
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Microsoft slips 2.9% this holiday-shortened week as traders question cloud capacity

Microsoft slips 2.9% this holiday-shortened week as traders question cloud capacity

Microsoft shares fell 2.9% to $379.40 this week, underperforming the S&P 500 and Nasdaq as investors rewarded AI chipmakers but not major buyers like Microsoft; a reported breakdown in cloud-capacity talks with Oracle and persistent supply constraints highlight execution risks ahead of key Micron earnings and U.S. inflation data next week.
19 June 2026
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Southwest Airlines, AWS set sights on 2028 for cloud and AI revamp

Southwest Airlines, AWS set sights on 2028 for cloud and AI revamp

Southwest Airlines set a 2028 deadline to shift core systems to Amazon Web Services’ AI-enabled cloud, deepening its tech overhaul as it pivots to assigned seats, bag fees, and premium products; shares fell 1.6% to $46.66 after the announcement, with investors weighing modernization risks and the impact of recent commercial changes.
18 June 2026
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Nebius stock surges after Eigen AI win, eyes on Nasdaq-100 cloud move

Nebius stock surges after Eigen AI win, eyes on Nasdaq-100 cloud move

Nebius shares surged 8.4% after closing its Eigen AI acquisition, just as the company prepares to join the Nasdaq-100 before June 22—a move expected to attract index-fund demand and spotlight Nebius among top AI infrastructure stocks, as investors focus on its ability to deliver capacity, manage costs, and maintain margins amid soaring revenue and major deals with Meta and NVIDIA.
17 June 2026
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Microsoft Sinks Under $390 With Nasdaq in Recovery

Microsoft Shares Fall as Investors Worry About AI Spend, Cloud Push

Microsoft shares slid to $386.92 Friday, down 0.9%, as investors questioned whether soaring AI infrastructure spending—set to top $40 billion in the fiscal fourth quarter—will deliver enough cloud revenue to justify the stock’s 23x earnings multiple, especially after Oracle’s massive capex plans rattled the sector and Microsoft’s margins face pressure from ongoing AI investments.
12 June 2026
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IREN Bounces After Needham Cuts Targets, Market Watches AI Cloud Moves

IREN Shares Bounce While Investors Assess AI Cloud Prospects, Ongoing Funding Concerns

IREN surged $5.16 to $56.71 after a volatile week, as investors weighed Needham’s cut to 2026-27 estimates on delayed AI cloud revenue ramp, with mining revenue expected to approach zero by year-end as GPU deployments replace Bitcoin capacity; the next key catalyst is proof of billable AI cloud revenue ahead of the September 16 earnings update.
12 June 2026
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IREN Bounces After Needham Cuts Targets, Market Watches AI Cloud Moves

IREN Bounces After Needham Cuts Targets, Market Watches AI Cloud Moves

IREN shares jumped over 5% midday after two steep declines, as investors weighed Needham’s cut to 2026–27 estimates—citing slower AI cloud revenue ramp—against IREN’s $3.65B GPU financing and major AI contracts. Despite the rebound, the stock remains well below its 52-week high, with analysts focused on the timing of AI revenue recognition amid the company’s shift away from Bitcoin mining.
11 June 2026
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Oracle Stock Moves Higher as AI Backlog Draws Focus

Oracle shares fall after data center spending outlook hits, even as cloud backlog hits new high

Oracle shares plunged 8.9% in after-hours trading as investors balked at the company’s plan to raise about $40 billion in debt and equity to fund a massive AI data center buildout, despite record revenue and a $638 billion backlog; free cash flow was negative $23.7 billion in fiscal 2026 as capital spending soared, intensifying concerns over whether AI demand will translate into durable profit.
11 June 2026
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Alphabet’s $80 billion AI stock sale puts Google’s rally to the test

Alphabet AI Search Drives Wall Street Target Hikes, Cloud Margins Still Draw Scrutiny

Alphabet has ordered over 3 million TPUs from Intel for 2028 as it ramps up AI infrastructure, prompting Piper Sandler to raise its price target to $445 on rapid AI-assisted search growth, while UBS warns faster Google Cloud TPU revenue could pressure margins; Alphabet shares recently traded at $362.21, down $6.32, after boosting its equity offering to $84.75 billion to finance the AI buildout.
8 June 2026
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Stock Market Today

  • TSX Penny Stocks To Watch: Grown Rogue International Leads Top 3 Picks
    June 22, 2026, 3:11 PM EDT. Grown Rogue International Inc. leads top TSX penny stock picks, with a market cap of CA$149.96 million. The cannabis company reported Q1 2026 revenue growth to US$9.16 million, boosted by strong operations in Oregon, Michigan, and New Jersey, despite a net loss of US$2.7 million. It raised its 2026 revenue forecast to US$34-37 million, underscoring growth potential amid current unprofitability. Global Power Solutions Corp., with CA$8.99 million market cap, showed recent profitability due to a one-off gain, remains pre-revenue but explores hydrogen energy and waste-to-energy projects. Financial health ratings from Simply Wall St highlight cautious optimism across these volatile, speculative penny stock investments amid market uncertainties and inflation pressures.

Latest articles

Student loan autopay discount cut lands just ahead of July repayment reset

Student loan autopay discount cut lands just ahead of July repayment reset

22 June 2026
Eligible federal Direct Loan borrowers who use auto pay get a temporary 1-point interest-rate cut from July 1, 2026, to June 30, 2028, as new loan rates rise to 6.52%-9.07%; the U.S. Education Department aims to boost repayment rates after auto-pay enrollment fell to 40% post-pandemic, with the two-year discount estimated to cost $6 billion.
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