Today: 2 June 2026
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Technology 1 June 2026 - 2 June 2026

Sivers jumps 65% after GlobalFoundries deal aimed at AI data-center bottlenecks

Sivers jumps 65% after GlobalFoundries deal aimed at AI data-center bottlenecks

Sivers Semiconductors soared 65% in Stockholm after announcing its lasers will be used in GlobalFoundries’ silicon-photonics designs for AI data-center optical links. No financial terms, production timelines, or revenue forecasts disclosed. Sivers’ Q1 net sales fell 22%. Rosen Law Firm is investigating Sivers after a short report alleged accounting issues; Sivers’ OTC shares dropped 9.2% June 1.
2 June 2026
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TSMC’s AI Shares Jump but Market Value Raises a Red Flag

TSMC’s AI Shares Jump but Market Value Raises a Red Flag

TSMC surged 1.06% to a record NT$2,380 in Taipei, driving Taiex to an all-time high. AI demand and Nvidia ties fueled gains, but GuruFocus flagged TSMC as 43.1% overvalued versus its GF Value model. April revenue jumped 17.5% year-on-year; Q1 revenue hit $35.9B with a bullish outlook. CEO C.C. Wei cited “extremely robust” AI demand and raised guidance. Political stability remains a risk factor.
2 June 2026
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Archer Aviation Drops Under $7 as Focus Turns to 2026 Air-Taxi Test

Archer Aviation Drops Under $7 as Focus Turns to 2026 Air-Taxi Test

Archer Aviation last traded at $6.84, valuing the company near $5.25 billion—less than half its 52-week high. Q1 net loss widened to $217.7 million on $1.6 million revenue, with $1.78 billion in cash on hand. FAA certification for the Midnight eVTOL aircraft advanced to Phase 4. Wall Street trimmed price targets but kept positive ratings. Risks flagged include ongoing losses, high costs, and possible delays in U.S. and UAE launches.
2 June 2026
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Fluence Energy pops 44% on Nvidia news. The AI power trade sees fresh action

Fluence Energy pops 44% on Nvidia news. The AI power trade sees fresh action

Fluence Energy surged 44% to $27.15 after Siemens named it in a new AI data center power design with Nvidia and nVent. Nvidia rose 6.3%, nVent 2.8%. Fluence’s battery storage is featured for backup and grid support in Nvidia’s DSX AI centers. Q2 revenue hit $464.9 million, net loss $29.2 million, backlog $5.6 billion. Risks remain: reference designs aren’t orders, and backlog may not convert to revenue if projects stall.
2 June 2026
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Meta Shares Sink on AI Spending Plans — Street Eyes $145 Billion

Meta Shares Sink on AI Spending Plans — Street Eyes $145 Billion

Meta shares slid 5.1% to $600.47 Monday as investors questioned its $125–$145 billion AI capex plan. Alphabet’s $80 billion AI funding move sharpened focus on Big Tech spending. Bank of America urged clients to favor “capex takers” over “crowded AI spenders” like Meta. First-quarter ad revenue rose 33%, but daily active users slipped from last quarter. Legal and operational risks remain, with lawsuits and rising costs in play.
2 June 2026
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Alibaba up 6% as China tech stocks get a lift from AI trade

Alibaba up 6% as China tech stocks get a lift from AI trade

Alibaba shares jumped 6.5% in Hong Kong to HK$130.80, trading as high as HK$131.20 amid a tech rally. Investors targeted Chinese internet stocks linked to AI adoption. Quarterly revenue rose 3% but missed estimates; adjusted EBITA plunged 84% on AI and cloud spending. Cloud revenue surged 38% with AI products making up 30% of external sales. Board approved a $0.13125 per share dividend for fiscal 2026.
2 June 2026
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Marvell shares rise as new AI switch draws fresh interest from Wall Street

Marvell shares rise as new AI switch draws fresh interest from Wall Street

Marvell shares jumped nearly 7% to $219.43 after launching the Teralynx T100, a 102.4 Tbps switch chip for AI data centers. The company recently raised its long-term revenue outlook on higher AI demand and forecasts $2.7 billion in Q2 revenue. Marvell’s data-center business topped analyst estimates and is expected to grow about 50% this year. Market cap stands at $196 billion, with shares trading at about 75 times earnings.
2 June 2026
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SpaceX insiders get early chance to sell before $75 billion IPO

SpaceX insiders get early chance to sell before $75 billion IPO

SpaceX set aside 5% of IPO shares for select employees and others chosen by executives, with no standard lock-up. The company targets a $75 billion raise at a $1.75 trillion valuation, aiming to list on Nasdaq as SPCX. Elon Musk will retain 85.1% voting power. Starlink was the only profitable division last quarter; the AI unit lost $2.47 billion. Anthropic will pay SpaceX $1.25 billion monthly for AI compute through 2029.
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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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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Meta Stock Is Sliding While Tech Hits Records—Here’s Why Wall Street Is Nervous

Meta Stock Is Sliding While Tech Hits Records—Here’s Why Wall Street Is Nervous

Meta Platforms shares slid 4.3% to $605.45, near session lows, even as tech stocks and Nvidia rallied. Investors weighed Meta’s plan to boost 2026 capital spending to $125–$145 billion, up from $115–$135 billion, despite strong Q1 revenue and ad growth. Bank of America flagged Meta as a “crowded AI spender.” Regulatory scrutiny over employee data use in Europe added pressure. Meta declared a $0.525 dividend, payable June 25.
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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Uber shares trade higher as Nvidia robotaxi backing sparks new Europe competition

Uber shares trade higher as Nvidia robotaxi backing sparks new Europe competition

Uber surged 5.8% to $74.48 as it, Autobrains, and Nvidia announced a robotaxi rollout in Munich using Nvidia’s Drive Hyperion platform. Over 14 million shares traded. Reuters reported Prosus may block Uber’s Delivery Hero bid by raising its stake. Uber also bought 12.5% of Careem Technologies for $100 million. First-quarter trips rose 20%, gross bookings 25%, and adjusted EBITDA 33%. Munich rollout awaits regulatory approval.
1 June 2026
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Archer Aviation stock moves up as investors watch for 2026 air-taxi test

Archer Aviation stock moves up as investors watch for 2026 air-taxi test

Archer Aviation shares rose 0.8% to $6.87 as investors tracked its 2026 commercial launch targets and high cash burn. The company reported $1.6 million Q1 revenue, a $217.7 million net loss, and $1.78 billion in cash. Archer completed Phase 3 of FAA certification for its Midnight eVTOL, aims for first U.S. operations this year, and forecasts a Q2 adjusted EBITDA loss up to $200 million. No FAA-certified eVTOLs are in U.S. commercial use yet.
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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Latest articles

HIVE Stock Sees 158% Revenue Surge, Big Tasks Ahead

HIVE Stock Sees 158% Revenue Surge, Big Tasks Ahead

2 June 2026
HIVE Digital Technologies shares rose to $4.89 after reporting a 158% jump in fiscal 2026 revenue to $297.8 million, driven mainly by digital-currency mining, but a weak fourth quarter and Bitcoin’s 4.5% drop limited gains; investors are watching if HIVE’s AI infrastructure push can offset crypto volatility and sustain future growth.
CrowdStrike’s 70% AI Rally Faces One Hard Test This Week

CrowdStrike’s 70% AI Rally Faces One Hard Test This Week

2 June 2026
CrowdStrike shares slipped 2.2% to $764.67 as investors await Wednesday’s fiscal Q1 results, with options pricing in a possible 9.5% swing; the stock is up nearly 70% this year on AI-driven cyber defense hopes, but is trading well above the average analyst target and faces pressure to show that AI demand is translating into lasting subscription growth.
Bluejay Diagnostics Gains Pre-Market on U.S. Manufacturing Agreement

Bluejay Diagnostics Gains Pre-Market on U.S. Manufacturing Agreement

2 June 2026
Bluejay Diagnostics (BJDX) soared up to 213% in premarket trading after announcing a U.S. manufacturing deal with Argonaut for its Symphony test system, but shares remain volatile as Symphony still awaits FDA clearance, clinical enrollment is incomplete, and Bluejay warns it will need more funding within a year or may face liquidation if capital can’t be raised.
VSXY opens strong as Victoria’s Secret smashes earnings

VSXY opens strong as Victoria’s Secret smashes earnings

2 June 2026
Victoria’s Secret & Co. shares soared up to 39% in early trading after the company raised its annual sales and profit outlook, reported Q1 net sales up 15% to $1.56 billion, and posted adjusted EPS of 60 cents—double analyst estimates—while launching its new VSXY ticker, fueling investor optimism for CEO Hillary Super’s turnaround.
Dollar General Up Early on Raised Outlook from Bargain Buyers

Dollar General Up Early on Raised Outlook from Bargain Buyers

2 June 2026
Dollar General shares jumped 5% premarket after first-quarter EPS of $2.00 beat forecasts and the company raised its 2026 profit outlook to $7.20–$7.45 per share, citing stronger margins and increased customer traffic despite higher fuel costs and soft consumer spending.
Ondas Stock Just Got a Navy Catalyst — Why ONDS Traders Are Watching the Next Move

Ondas Stock Just Got a Navy Catalyst — Why ONDS Traders Are Watching the Next Move

2 June 2026
Ondas’ World View unit landed a $4.8 million, three-month U.S. Navy SOUTHCOM surveillance contract, with ONDS showing a $13.51 premarket indication after a $13.46 close; the deal follows over $110 million in recent orders, but the short contract size and shareholder-approved share increase highlight ongoing execution and dilution risks.
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