Today: 23 June 2026
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Cloud Computing 19 May 2026 - 2 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.
CoreWeave Wins Early Access to Nvidia AI Tech, Faces Debt Hurdle

CoreWeave Wins Early Access to Nvidia AI Tech, Faces Debt Hurdle

CoreWeave surged 13.96% to $124.82 after announcing the first validated launch of Nvidia’s Vera Rubin NVL72 system on its cloud. Q1 revenue hit $2.08 billion, backlog reached $99.4 billion, but net loss widened to $740 million and liabilities rose to $50.8 billion. Nvidia gained 6.26%. CoreWeave’s Vera Rubin rack claims up to 10x better inference per watt and one-tenth cost per million tokens versus Blackwell.
2 June 2026
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CoreWeave Stock Jumps Before the Bell as AI Cloud Rally Gets a New Test

CoreWeave Stock Jumps Before the Bell as AI Cloud Rally Gets a New Test

CoreWeave jumped 5.65% to $115.72 premarket after a preliminary Russell 3000 index addition and news of a CoreWeave-backed AI-inference funding round. First-quarter revenue more than doubled to $2.08 billion, but net loss widened to $740 million. Heavy spending, insider share sales, and new cloud rivals from Blackstone and Google remain key risks as index rebalancing and AI demand drive investor focus.
1 June 2026
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Oracle Shares Jump as AI Cloud Bets Head Toward Another Test

Oracle Shares Jump as AI Cloud Bets Head Toward Another Test

Oracle soared 10.84% Friday to $225.78, capping a 17.5% weekly surge as traders piled into AI infrastructure stocks. Wall Street’s software index jumped over 6% as AI demand fears faded. Oracle’s remaining performance obligations hit $553 billion, up 325% year over year. Risks remain: high AI infrastructure costs, reliance on OpenAI, and scrutiny over TikTok data. Fiscal Q4 results land mid-June.
31 May 2026
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Amazon Drops With S&P 500 at Record as $6 Billion AWS Deal Draws Focus

Amazon Drops With S&P 500 at Record as $6 Billion AWS Deal Draws Focus

Amazon.com fell 1.2% to $270.64 late Friday, missing Wall Street’s record highs despite a new AWS deal with Snowflake. Snowflake shares soared over 33% after announcing a $6 billion, five-year agreement with AWS and raising its revenue outlook. Amazon’s market cap stood near $2.94 trillion, while Microsoft gained 5.4% and Alphabet dropped 2.5%. Amazon’s free cash flow slipped to $1.2 billion after heavy AI-related spending.
29 May 2026
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Oracle Shares Rebound, Eyes on AI Cloud Performance

Oracle Shares Rebound, Eyes on AI Cloud Performance

Oracle shares surged 6.6% Thursday to $203.64, up 26% for May but still far below last year’s high. The company reported fiscal Q3 revenue of $17.2 billion, with cloud revenue up 44% to $8.9 billion and a backlog of $553 billion. Capital spending jumped to $39.2 billion for the first nine months of fiscal 2026, pushing free cash flow to negative $24.7 billion.
29 May 2026
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Amazon Nears $3 Trillion With New AI Win for AWS

Amazon Nears $3 Trillion With New AI Win for AWS

Amazon shares rose 0.8% to $274.00 Thursday after Snowflake announced a $6 billion, five-year commitment to AWS infrastructure. The deal highlights rising demand for AI cloud services and comes as AWS reported first-quarter sales of $37.6 billion, up 28% year over year. Snowflake shares also climbed on the news. The Nasdaq and S&P 500 closed at record highs.
29 May 2026
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MongoDB Gains as Atlas Growth Tops Estimates, Guidance Raised

MongoDB Gains as Atlas Growth Tops Estimates, Guidance Raised

MongoDB reported fiscal Q1 revenue of $687.6 million, up 25% from a year ago, and turned a profit of $4.4 million. Shares surged 21.9% after hours to about $397 as the company raised its full-year outlook, citing strong demand for its Atlas cloud product. Atlas revenue rose over 29%. MongoDB now expects fiscal 2027 revenue of $2.92–$2.96 billion, above its previous forecast.
28 May 2026
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Super Micro Shares Move on Taiwan Server Seizure, AI Cloud Agreement

Super Micro Shares Move on Taiwan Server Seizure, AI Cloud Agreement

Super Micro shares rose 6.2% to $40.57 Thursday after the company reported Taiwanese officials arrested three suspects and seized 50 servers linked to illegal exports to China. The company also announced a major AI-cloud deployment in Europe with Verda. Trading volume exceeded 18 million shares. Super Micro forecast quarterly revenue of $11 billion to $12.5 billion.
28 May 2026
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Snowflake shares rise on $6 billion AWS deal, driven by AI cloud demand

Snowflake shares rise on $6 billion AWS deal, driven by AI cloud demand

Snowflake raised its fiscal 2027 product revenue outlook to $5.84 billion after first-quarter product revenue rose 34% to $1.33 billion. The company signed a $6 billion, five-year cloud infrastructure deal with Amazon Web Services focused on Graviton chips and AI. Shares jumped 29% after hours. Snowflake reported a GAAP net loss of $295.6 million for the quarter.
27 May 2026
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CoreWeave Stock Drops as $99 Billion AI Backlog Runs Into Bigger Spending Bill

Wall Street Is Warming To CoreWeave Again. Nebius Is The Catch It Can’t Ignore

CoreWeave shares rose after GF Securities initiated coverage with a “Buy” rating, citing strong demand and major customer contracts. The Nvidia-backed AI cloud firm reported Q1 revenue of $2.08 billion and a $99.4 billion backlog. Rival Nebius posted Q1 revenue of $399 million, up 684% year-on-year, and raised its 2026 capital spending forecast to up to $25 billion.
26 May 2026
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Applied Digital Hits 1 GW, $31 Billion Bet Starts

Applied Digital Hits 1 GW, $31 Billion Bet Starts

Applied Digital signed a 15-year, $7.5 billion lease with an unnamed U.S. hyperscaler for 300 megawatts at its new Polaris Forge 3 campus, raising its contracted baseline revenue to $31 billion. Shares jumped about 8% to $39.52 in after-hours trading. Initial operations at the 600-acre northern U.S. site are set for August 2027. Analysts remain cautious on valuation and construction risk.
20 May 2026
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IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch

IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch

IREN Limited shares rose 9.4% to $52.23 on Wednesday, trading over 23 million shares as investors awaited Nvidia’s earnings. IREN recently signed a $3.4 billion AI cloud contract with Nvidia and closed a $3 billion convertible-note offering. The company reported a quarterly net loss of $247.8 million on revenue of $144.8 million, down from the prior quarter.
20 May 2026
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Alphabet’s $5B AI Cloud Push Gets Wall Street Scrutiny; Google Shares Drop

Alphabet’s $5B AI Cloud Push Gets Wall Street Scrutiny; Google Shares Drop

Alphabet Class A shares fell 2.3% to $387.66 Tuesday after Google announced new Gemini AI models, paid subscription tiers, and a $5 billion Blackstone-backed AI cloud venture. The stock had traded as high as $401.71 intraday. Google also cut prices on its top AI subscription plans and introduced Gemini 3.5 Flash, but the stronger 3.5 Pro model remains unreleased.
19 May 2026
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Stock Market Today

  • Pinterest (PINS) Shares Drop 2.25%, Lag Behind Market Ahead of Earnings
    June 22, 2026, 7:31 PM EDT. Pinterest (PINS) shares fell 2.25% to $32.99, underperforming the S&P 500's 0.53% decline in the latest session. Over the past month, PINS dropped 4.31%, trailing the Computer and Technology sector's 1.25% gain. Investors await Pinterest's Q3 earnings release on November 4, 2025, with projected EPS of $0.42, up 5%, and revenue of $1.05 billion, a 16.56% increase year-over-year. Full-year estimates forecast EPS of $1.72 (+33.33%) and revenue of $4.23 billion (+16.02%). Pinterest carries a Forward P/E of 19.57, below the industry average of 29.31, and a low PEG ratio of 0.58 versus the industry's 2.1, suggesting potential undervaluation amid expected growth. Pinterest holds a Zacks Rank of #2 (Buy), reflecting moderate analyst optimism.

Latest articles

Keel Shares Hit Record—What’s Next for the Stock

Keel Shares Hit Record—What’s Next for the Stock

23 June 2026
Keel Infrastructure Corp. surged 5.9% to a 52-week high as investors bet its power sites can be converted to AI data-center leases, with shares ending at $6.66 on heavy volume; the stock’s rally now hinges on permits, construction, and landing customer contracts, while upcoming Russell 3000 index inclusion and recent $458 million convertible note financing add both opportunity and dilution risk.
Nokia Shares Pop After Google Cloud AI Announcement

Nokia Shares Pop After Google Cloud AI Announcement

23 June 2026
Nokia shares surged 4.2% in Helsinki and 7.0% in New York after announcing an expanded AI network-software partnership with Google Cloud, as investors shift focus to Nokia’s role in AI infrastructure; the deal integrates Google’s Gemini AI into Nokia’s network management tools, with SaaS launch set for September and more features due through 2027.
Dominion Energy Faces $67 Billion Test From Virginia Data Center Power Surge

Dominion Energy Faces $67 Billion Test From Virginia Data Center Power Surge

23 June 2026
Dominion Energy shares hovered near a 52-week high as investors weighed surging Virginia data-center power demand and the pending NextEra takeover, with the stock closing at $68.04, down 0.54%; the deal’s outcome and regulatory approvals could determine whether Dominion’s capital plan becomes shareholder gains or a balance-sheet risk.
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