Today: 23 June 2026
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Cloud Computing 30 April 2026 - 19 May 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.
Nebius Drops After Google, Blackstone Step Up 2026 AI Cloud Bet

Nebius Drops After Google, Blackstone Step Up 2026 AI Cloud Bet

Nebius Group N.V. shares dropped 7.5% to $184.84 in Nasdaq morning trading after Google and Blackstone announced a $5 billion U.S. AI cloud venture and D.A. Davidson downgraded the stock. CoreWeave, a peer, also fell 7.8%. Nebius reported Q1 revenue of $399 million, up 684% year-over-year, and raised its 2026 capital expenditure forecast to as much as $25 billion.
19 May 2026
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Alphabet Approaches $5 Trillion With Google AI Cloud Move Targeting Nvidia

Alphabet Approaches $5 Trillion With Google AI Cloud Move Targeting Nvidia

Alphabet shares rose in pre-market trading Tuesday after Google and Blackstone announced a U.S. AI cloud venture, with Blackstone committing $5 billion to add 500 megawatts of data-center capacity by 2027. Alphabet’s Class A shares closed Monday at $396.94 and were quoted at $401.09 before the market opened. The move coincides with the first day of Google I/O and follows strong Q1 earnings.
19 May 2026
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IREN Drops Again After AI Cloud Plans Get Costlier

IREN Drops Again After AI Cloud Plans Get Costlier

IREN shares dropped 7.2% to $49.15 Monday after the company acquired its marketing partner Awaken, folding the agency into its operations. The decline followed IREN’s $3 billion convertible-note sale last week to fund a major data-center expansion for AI services. Quarterly revenue fell and net loss widened as the company shifts from Bitcoin mining to AI cloud infrastructure.
18 May 2026
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Baidu Opens Higher in Pre-Market as AI Cloud Growth Offsets Ad Weakness

Baidu Opens Higher in Pre-Market as AI Cloud Growth Offsets Ad Weakness

Baidu’s U.S.-listed shares rose over 3% in premarket trading after first-quarter revenue reached 32.1 billion yuan, beating estimates. AI cloud and related business revenue jumped 49% to over 13.6 billion yuan, while online marketing revenue fell 22%. Net income dropped to 3.45 billion yuan from 7.72 billion yuan a year earlier. Hong Kong shares closed down 0.81% before the U.S. reaction.
18 May 2026
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Alibaba Stock Jumps as Bigger AI Cloud Bet Overshadows Profit Squeeze

Alibaba Stock Jumps as Bigger AI Cloud Bet Overshadows Profit Squeeze

Alibaba said it will exceed its 380 billion yuan AI investment plan after cloud revenue rose 38% to 41.63 billion yuan in the March quarter. Operating profit swung to a loss of 848 million yuan from a 28.47 billion yuan profit a year earlier. U.S.-listed shares rose as investors focused on AI growth despite the profit squeeze. AI-related products made up 30% of external cloud revenue.
14 May 2026
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CoreWeave Stock Draws Cathie Wood Buying and a Wells Fargo Target Raise After AI Cloud Selloff

CoreWeave Stock Draws Cathie Wood Buying and a Wells Fargo Target Raise After AI Cloud Selloff

ARK funds bought 113,076 shares of CoreWeave for $12.9 million after the Nvidia-backed firm’s stock fell 11% on weak guidance. CoreWeave reported a $740 million quarterly loss and raised its 2026 capital expenditure forecast to $31 billion. Wells Fargo raised its price target to $155, while Truist kept a Hold rating. CoreWeave’s revenue backlog reached $99.4 billion.
10 May 2026
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IREN Limited’s Nvidia Deal Rewrites The Bitcoin-Miner AI Cloud Trade

IREN Limited’s Nvidia Deal Rewrites The Bitcoin-Miner AI Cloud Trade

IREN Limited signed a five-year, $3.4 billion cloud-services deal with Nvidia, which also secured rights to buy up to 30 million IREN shares at $70 each. IREN’s revenue fell to $144.8 million last quarter, with a net loss of $247.8 million, as it shifts from bitcoin mining to AI cloud services. The new contracts focus on IREN’s Texas data centers and follow recent acquisitions in cloud and data-center infrastructure.
10 May 2026
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Akamai Stock Set to Jump as $1.8 Billion AI Cloud Deal Steals the Earnings Spotlight

Akamai Stock Set to Jump as $1.8 Billion AI Cloud Deal Steals the Earnings Spotlight

Akamai Technologies shares jumped 26% in premarket trading after announcing a $1.8 billion, seven-year cloud infrastructure deal with an unnamed U.S. AI model developer. First-quarter revenue rose 6% to $1.074 billion, with cloud infrastructure services up 40% to $95 million. The company forecast softer second-quarter results, with revenue and adjusted earnings below analyst estimates.
8 May 2026
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Datadog’s $1 Billion AI Quarter Sends Stock Flying

Datadog’s $1 Billion AI Quarter Sends Stock Flying

Datadog reported first-quarter revenue above $1 billion for the first time, up 32% to $1.006 billion, and raised its 2026 sales forecast to as much as $4.34 billion. Shares jumped $45.02 to $188.73. The company said it had 4,550 large customers at the end of March, up 21% from a year earlier. Datadog also launched GPU Monitoring and secured FedRAMP High certification for its government product.
8 May 2026
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Cloudflare AI Layoffs: 1,100 Jobs Cut as Shares Fall After Forecast Miss

Cloudflare AI Layoffs: 1,100 Jobs Cut as Shares Fall After Forecast Miss

Cloudflare will cut over 1,100 jobs, about 20% of its staff, as it shifts to an AI-first model. Shares dropped more than 13% after its second-quarter revenue forecast missed Wall Street estimates. The company expects up to $150 million in charges from the restructuring, mostly in the second quarter. First-quarter revenue rose 34% to $639.8 million, with net loss narrowing to $22.9 million.
8 May 2026
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IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Ltd will acquire Mirantis Inc in an all-share deal worth about $625 million, expanding into cloud software and AI infrastructure. IREN shares rose 10.6% to $54.74 after the announcement. Mirantis will operate as a standalone subsidiary, supporting IREN’s AI cloud deployments. The deal is subject to regulatory approval and customary closing conditions.
6 May 2026
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Cloudflare Stock Jumps Before Earnings as Forrester Edge Win Puts AI Bet on Trial

Cloudflare Stock Jumps Before Earnings as Forrester Edge Win Puts AI Bet on Trial

Cloudflare shares jumped 7.9% Tuesday after the company said Forrester named it a leader in edge development platforms, ahead of its May 7 earnings report. The stock hit $244.02 intraday. Investors are watching if Cloudflare can convert rising AI and developer demand into profit. Cloudflare expects Q1 revenue of $620–$621 million.
5 May 2026
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Fastly Stock Surges Before Earnings as AI Cloud Rally Raises the Stakes

Fastly Stock Surges Before Earnings as AI Cloud Rally Raises the Stakes

Fastly shares rose 15% to $31.66 Tuesday, extending a sharp 2026 rally ahead of its first-quarter earnings due after Wednesday’s close. The surge followed DigitalOcean’s report of 22% revenue growth and a 221% jump in AI customer annual recurring revenue. Wall Street expects Fastly to post Q1 revenue of $170.26 million and adjusted earnings of 8 cents a share. Fastly stock is up over 200% this year, trading near its 52-week high.
5 May 2026
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DigitalOcean Stock Jumps 36% After AI Cloud Growth Sends 2026 Guidance Higher

DigitalOcean Stock Jumps 36% After AI Cloud Growth Sends 2026 Guidance Higher

DigitalOcean shares surged 36% Tuesday after the company raised its 2026 and 2027 revenue forecasts, citing higher demand for AI workloads and larger contracts. First-quarter revenue climbed 22% to $258 million, while net income dropped 59% to $16 million. The company increased its credit facility by $112.5 million and completed an $888 million share offering, using $500 million to repay debt.
5 May 2026
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Oracle’s Pentagon AI Deal Puts Its Cloud Bet Back in the Spotlight

Oracle’s Pentagon AI Deal Puts Its Cloud Bet Back in the Spotlight

Oracle has been selected by the U.S. War Department to deploy advanced AI on classified military networks, joining SpaceX, OpenAI, Google, Nvidia, Reflection, Microsoft, and Amazon Web Services. The deal comes as Oracle faces investor scrutiny over its AI cloud business and competition from other cloud providers for Pentagon contracts. Oracle’s classified cloud covers all security levels, including Top Secret and Special Access Programs.
4 May 2026
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Amazon Stock Rises on AWS AI Growth — Why AMZN’s Cloud Beat Matters Now

Amazon Stock Rises on AWS AI Growth — Why AMZN’s Cloud Beat Matters Now

Amazon Web Services reported 28% revenue growth to $37.6 billion, its fastest in 15 quarters, pushing Amazon shares up 1.4% early Thursday. First-quarter net sales rose 17% to $181.5 billion, with net income at $30.3 billion, boosted by gains from Anthropic. Amazon forecast second-quarter sales of $194–$199 billion. Google Cloud grew 63% to $20 billion, outpacing AWS’s growth rate.
30 April 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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