Today: 1 July 2026
AT&T shares dip; SpaceX pressure raises yield concerns
1 July 2026

AT&T shares dip; SpaceX pressure raises yield concerns

AT&T Inc. dropped on Wednesday as T-Mobile US Inc. gained. The moves show investors are zeroing in on AT&T’s cash strength and dividend, especially if satellite-powered mobile rivals force down wireless prices in the U.S. The selling hasn’t been just a blip from a single negative story. Barron’s said Wednesday that Verizon Communications Inc., AT&T and T-Mobile together have dropped $43.65 billion in market cap, with traders worried that SpaceX might shake up the U.S. telecom sector.
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Intel (NASDAQ:INTC) still trades at a 37% premium despite stock slide ahead of July results

Intel (NASDAQ:INTC) still trades at a 37% premium despite stock slide ahead of July results

1 July 2026
Intel Corporation dropped steeper than the rest of chip names Wednesday, losing 7.7% to $128.88 just before 1 p.m. EDT. Shares swung between $127.98 and $138.89 and were less than $1 off the session low. Based on live price and market cap, the drop from Tuesday’s close wiped away about $54.7 billion in equity value. The comparison was intentional. The wider market was moving with Intel, not against it.
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AT&T stock drop draws attention to spectrum deal, dividend payout

AT&T stock drop draws attention to spectrum deal, dividend payout

AT&T shares were at $20.70 before trading started in New York on Wednesday, down 5.2%. The slide wiped out roughly $7.9 billion in market value for the telecom group, going by current shares outstanding and market cap. The main NYSE session begins at 9:30 a.m. ET. AT&T holders have to weigh two things: timing around the EchoStar Corp. spectrum close and more selling in U.S. wireless names after SpaceX and Charter Communications Inc. were reported in phone-service talks.
1 July 2026
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US stock futures slip before market open with Nasdaq down, yields up as oil declines

US stock futures slip before market open with Nasdaq down, yields up as oil declines

U.S. futures pulled back before the open on Wednesday, with Nasdaq 100 contracts lagging the other indexes. Oil prices also eased, but the gap between Nasdaq and the rest suggested traders were more worried about rates and tech valuations at the start of the new half than just oil-driven energy worries. U.S. futures data came in delayed just after 8:30 a.m. ET, with the tech contract showing the biggest drop:
1 July 2026
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AT&T shares slide as trading jumps, spectrum move puts income appeal to test

AT&T shares slide as trading jumps, spectrum move puts income appeal to test

AT&T Inc. tumbled Tuesday, closing off 5.13% at $20.70 after sliding to a 52-week low of $20.57. Volume spiked to 128.67 million shares, 296% of the 65-day average. The S&P 500 Index added 0.79% to finish at 7,499.36. U.S. markets traded a standard session. The NYSE’s next holiday is July 3 for Independence Day. The quick take: AT&T saw about $7.8 billion in equity value wiped out in a single day. That figure uses MarketWatch’s $1.12 drop from close to close, with 6.95 billion shares in play. It’s about a third the size of the $23 billion spectrum deal AT&T struck with EchoStar Corp.. It’s also nearly four times the $2 billion Dish DBS debt maturity that tipped EchoStar’s pay-TV
1 July 2026
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Constellation Energy drops, Calpine lock-up weighs

Constellation Energy drops, Calpine lock-up weighs

Constellation Energy Corporation sank Tuesday, trailing a firmer market as traders weighed extra equity supply from the Calpine deal. CEG dropped 4.22% to close at $248.37. That makes three losses in a row. The S&P 500 gained 0.79%, and the Dow added 0.26%. CEG dropped hard over two days, sliding 1.78% Monday and then tumbling 4.22% Tuesday, for a compounded 5.9% loss. By comparison, the S&P 500 gained about 2.0% in those sessions.
30 June 2026
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FuelCell Energy (NASDAQ:FCEL) stock rally exposes warrant math after Russell add

FuelCell Energy (NASDAQ:FCEL) stock rally exposes warrant math after Russell add

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30 June 2026
FuelCell Energy, Inc. shares jumped for a second day on Tuesday, but the cleaner read for investors may be in the gap between the news and the price reaction: a $49 million export loan package and a Russell index add have helped lift the company’s market value by hundreds of millions of dollars. At 2:49 p.m. EDT, FuelCell traded at $36.46, up $6.66 on the day. The stock hit $37.87 intraday, a fresh 52-week high, and volume was about 21 million shares. Monday’s close was $29.80 after a 24.17% gain, putting the two-session rise near 52% from Friday’s implied close.
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Pfizer (NYSE:PFE) yield tops 7% after stock falls on China GLP-1 news

Pfizer (NYSE:PFE) yield tops 7% after stock falls on China GLP-1 news

Pfizer Inc traded lower Tuesday afternoon, trailing the main indexes again and raising fresh questions around the stock’s dividend. The New York Stock Exchange was open for normal trading hours. Its 2026 holiday calendar lists July 3 as the next full-day closure for Independence Day. The stock changed hands at $24.14 as of 2:50 p.m. EDT, off 23 cents from the previous close. About 32 million shares traded. The SPDR S&P 500 ETF Trust added 0.9%. The Health Care Select Sector SPDR Fund slipped 0.7%. The SPDR S&P Biotech ETF ticked up 0.3%.
30 June 2026
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JCPenney store closings push spotlight onto mall landlords

JCPenney store closings push spotlight onto mall landlords

JCPenney is shutting or set to shut at least six stores this year, according to Fast Company, which cited local news, customer reviews and the chain’s website. Stores are closing in California, Florida, Illinois, Tennessee, Virginia and Pennsylvania. It’s a small list, but could matter more for mall owners. JCPenney is shutting down its Ross Park Mall location near Pittsburgh after 40 years, with the store set to close Sept. 20. The U.S. Sun said Tuesday that closing sales have kicked off, offering 20% off everything, and some items getting marked down as much as 40%. WTAE reported, citing JCPenney, that the company couldn’t keep its lease or find another spot in the area.
30 June 2026
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Grab shares climb after market downplays impact from Indonesia fee change

Grab shares climb after market downplays impact from Indonesia fee change

Grab Holdings Limited climbed in New York on Tuesday. Investors took stock of the Indonesia driver-fee change and seemed to land on a real cost for Grab, though not as big as early reads of the rule implied. The stock was last at $3.855, up 11.5 cents, or 3.1% from the prior close, as of 12:46 p.m. EDT. Volume was 26.9 million shares. Shares moved ahead of Invesco QQQ Trust, SPDR S&P 500 ETF Trust and SPDR Dow Jones Industrial Average ETF Trust over the same stretch.
30 June 2026
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Dow Jones after bell: new tech weight pushes blue-chip index above 52,000

Dow Jones live today: Two-stock lift masks weak breadth after record close

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30 June 2026
The New York Stock Exchange was in a normal Tuesday session. Its core session runs from 9:30 a.m. to 4:00 p.m. ET, and its next full holiday close is Friday, July 3, for Independence Day observed. At about 11 a.m. EDT, the Dow Jones Industrial Average was quoted near 52,276, up about 94 points, or 0.18%. The S&P 500 was up 0.48% and the Nasdaq Composite rose 0.95%, with tech again doing more of the work than the blue-chip tape.
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Freshworks (NASDAQ:FRSH) stock: Russell additions put buyback math back in focus

Freshworks (NASDAQ:FRSH) stock: Russell additions put buyback math back in focus

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30 June 2026
Freshworks Inc enters Tuesday’s session with a new index tag and a buyback big enough to change the per-share math if management keeps using it. The stock closed Monday at $10.21 and was quoted at $10.15 in premarket trade at 8:55 a.m. EDT, MarketScreener data showed. The NYSE holiday calendar lists the next U.S. market closure as July 3 for Independence Day observed. The tape was heavier than a normal Freshworks session. Yahoo data showed Monday volume of 52,973,675 shares against average volume of 13,964,630, about 3.8 times the usual level. That volume came as index notices from S&P Capital IQ showed additions to Russell 2000 Value and Russell 2000 Value-Defensive indexes.
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Nokia (HEL:NOKIA) share rally may account for about 40% of Helsinki index move

Nokia (HEL:NOKIA) share rally may account for about 40% of Helsinki index move

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30 June 2026
Nokia Oyj rose 4.46% to 11.72 euros by 12:57 EEST in Helsinki on Tuesday, while the OMX Helsinki 25 was up 1.10% at 6,218.18. Nasdaq Helsinki was open for normal trading; Nasdaq lists Helsinki equity hours at 10:00-18:30 local time and does not list June 30 among 2026 Helsinki closure days. The cleaner angle is index math. OMXH25 is a 25-stock, euro-denominated, capitalization-weighted price index, and Nasdaq caps any one company at 10%. At that cap, Tuesday’s Nokia move would add about 0.45 percentage point to the benchmark, or roughly 41% of the index’s 1.10% rise. Actual live weights can differ.
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Applied Materials stock jumps as AMAT rally outruns Wall Street’s average target

Applied Materials shares surge $54 billion, buyback effect now smaller

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30 June 2026
Applied Materials heads into Tuesday with a buyback issue of its own making. After shares jumped 10.82% Monday, each dollar left in its repurchase plan now has less impact on earnings per share. The chip equipment stock ended at $694.64, gaining $67.80 on the day after reaching an intraday high of $708.99. Around 14.17 million shares changed hands, which is roughly 1.7 times its 65-day average volume. MarketWatch posted an after-hours quote of $704.01 at 7:59 p.m. EDT.
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Nokia (HEL:NOKIA) share rally may account for about 40% of Helsinki index move

Nokia (NOKIA) shares hold up after FMR voting stake dips under 5%

Nokia Oyj slipped Wednesday after a new filing showed FMR LLC’s indirect voting rights in the company fell below 5% as of June 29. Its shareholding stayed just above at 5.20%. The stock has traded as an AI infrastructure play. Nasdaq Helsinki ran a regular session on July 1, with trading in local stocks set for 10:00 to 18:30. July 1 isn’t on the 2026 exchange holiday calendar.
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01 Jul
Reddit stock pops as shorts come up against improving ad growth

Reddit stock pops as shorts come up against improving ad growth

Reddit, Inc. climbed 14.1% Wednesday, beating out most communication-services names as buyers moved in. The stock drew in traders with short interest on the rise and a lot of room left to last year’s high. New York Stock Exchange ran on its usual schedule Wednesday, 9:30 a.m. to 4 p.m. EDT. The market is set to be closed Friday, July 3, for the Independence Day holiday.
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01 Jul
Walmart drop makes July sales latest test for $38 billion valuation

Walmart drop makes July sales latest test for $38 billion valuation

Walmart Inc. dropped $4.75, or roughly 4.2%, to $108.51 just before 3 p.m. ET Wednesday. Cleveland Research reportedly flagged slower U.S. comparable sales. That move wiped out around $38 billion in Walmart’s equity value—almost two-thirds of what Target Corp. is worth now. This looks more like a specific trade story. There was no big wave out of retail stocks. Costco Wholesale Corp. slipped under 1%. Amazon.com Inc. ticked higher. Kroger Co. added ground and the SPDR S&P Retail ETF also traded up.
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01 Jul
Nu Holdings shares trade higher with turnover near $1B buyback target

Nu Holdings shares trade higher with turnover near $1B buyback target

Nu Holdings Ltd. jumped 15.5 cents to $13.515 by mid-afternoon in New York. Volume was active. Shares traded between $13.12 and $13.93. That’s a span of about 6%, much wider than the 1.1% range for Invesco QQQ Trust Series 1 and 2.2% for iShares MSCI Brazil ETF. The table below is based on last trade data collected between 18:41 and 18:43 UTC. Dollar turnover comes from multiplying the last price by the reported volume.
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01 Jul
Constellation Energy (NASDAQ:CEG) falls as stock faces overhang despite PJM heat stress support

Constellation Energy (NASDAQ:CEG) falls as stock faces overhang despite PJM heat stress support

Shares of Constellation Energy Corporation slid sharply Wednesday. Still, bulls watching the power market saw PJM, the country’s top grid operator, preparing for what could be new highs in demand and prices as heat, air-conditioning use and data centers ramp up. Shares fell 5.8% to $233.93 near 1:56 p.m. EDT. Volume came in at 5.23 million shares. The Utilities Select Sector SPDR Fund slipped 1.3%. The SPDR S&P 500 ETF Trust was little changed.
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01 Jul
Micron (NASDAQ:MU) looks to big memory contracts as stock moves into new week

Micron (NASDAQ:MU) falls after GM contract, traders weigh AI memory bets

Micron Technology fell 9.8% to $1,041.12 as of 13:58 EDT, in delayed trading. The memory-chip company and General Motors announced a long-term supply agreement. Even so, shares sank $113.17 from Tuesday’s close, wiping around $130 billion from Micron’s value based on its quoted share count. That’s roughly 1.9 times GM’s total market cap. Micron took a hit, and that’s the story. The GM deal adds another buyer for Micron’s memory and storage over the long haul, but the market wants proof. The shares now bake in a tough bet—memory chips trading more like a contracted AI part and less like a classic boom-bust commodity.
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01 Jul
UiPath (NYSE:PATH) pops as buybacks and shorts drive trading

UiPath (NYSE:PATH) pops as buybacks and shorts drive trading

UiPath Inc jumped 8.2% to $11.77 as of 2:05 p.m. EDT Wednesday. Trading volume hit 49.72 million shares, about 135% of the stock’s 65-day average. Short interest was at 126.25 million shares as of June 15, or 32.23% of float, according to the quote page. Shares were still off 28.22% for the year. There was no new earnings report driving the move. UiPath’s most recent filing in the last 48 hours was a June 29 8-K for its annual meeting. Shareholders backed the board, approved pay and auditor votes. 93.78% of voting power took part. No other items came up at the meeting.
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01 Jul
NIKE (NYSE:NKE) jumps after $986M tariff refund lifts profit

NIKE (NYSE:NKE) jumps after $986M tariff refund lifts profit

NIKE, Inc. shares were up Wednesday, getting a 2.4% lift to $42.02, last check. The move came as the SPDR S&P 500 ETF Trust added 0.1%, and the SPDR S&P Retail ETF ticked up 0.2%. Nike’s intraday range was wide, running from $39.21 to $43.09, a 9.5% band. The market did not fully back the move. Nike’s stock gain tacked on about $1.4 billion in market cap, going by the latest share price and market cap data. The quarter saw a $986 million tariff recovery, which supplied most of the punch to EPS. Investors are focused less on sales growth now, with the shares trading more off margin performance.
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01 Jul
AT&T shares dip; SpaceX pressure raises yield concerns

AT&T shares dip; SpaceX pressure raises yield concerns

AT&T Inc. dropped on Wednesday as T-Mobile US Inc. gained. The moves show investors are zeroing in on AT&T’s cash strength and dividend, especially if satellite-powered mobile rivals force down wireless prices in the U.S. The selling hasn’t been just a blip from a single negative story. Barron’s said Wednesday that Verizon Communications Inc., AT&T and T-Mobile together have dropped $43.65 billion in market cap, with traders worried that SpaceX might shake up the U.S. telecom sector.
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01 Jul
Hims & Hers Health (NYSE:HIMS) run trims Canaccord upside after GLP-1 reset

Hims & Hers Health (NYSE:HIMS) run trims Canaccord upside after GLP-1 reset

Hims & Hers Health jumped 9.5% to $37.97 by midday after Canaccord Genuity’s Maria Ripps raised her target price to $40 from $32 and left her Buy call unchanged. The new target is about 5% above the current level, after a 25% bump in the target price. The investor story isn’t about bulk drug sales now, but regular cash subscriptions. Hims offers Wegovy at $149 per month, but buyers have to sign up for a Hims Weight Loss membership too—$39 for month one, then $149 monthly. Hims says this is a separate charge, and membership doesn’t mean you’ll get a prescription.
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01 Jul
Intel (NASDAQ:INTC) still trades at a 37% premium despite stock slide ahead of July results

Intel (NASDAQ:INTC) still trades at a 37% premium despite stock slide ahead of July results

Intel Corporation dropped steeper than the rest of chip names Wednesday, losing 7.7% to $128.88 just before 1 p.m. EDT. Shares swung between $127.98 and $138.89 and were less than $1 off the session low. Based on live price and market cap, the drop from Tuesday’s close wiped away about $54.7 billion in equity value. The comparison was intentional. The wider market was moving with Intel, not against it.
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01 Jul
Linkhome trading jumps after Mortgage One deal, GPU financing push

Linkhome trading jumps after Mortgage One deal, GPU financing push

Linkhome Holdings Inc. shares jumped over 100% Wednesday as the small Nasdaq-listed real estate and fintech firm closed the Mortgage One Group deal and said the acquisition is now part of a new GPU financing business. The move sent trading volume soaring, well above the company’s total shares. LHAI shares last traded at $1.44, a gain of $0.78, or 118.2%, from Tuesday’s close. The stock started the day at $1.80, touched $1.97 at its high, and dropped to $0.7017 at the low. Trading volume was about 229.3 million shares, market data showed. Google Finance put the stock’s 30-day average at just 98,460 shares, so Wednesday’s volume was roughly 2,329 times normal.
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01 Jul
SpaceX (NASDAQ:SPCX) stock shorts test Nasdaq-100 buying after 6% drop

SpaceX (NASDAQ:SPCX) stock shorts test Nasdaq-100 buying after 6% drop

Space Exploration Technologies Corp., known as SpaceX, fell about 6% on Wednesday as a short trade worth more than $31 billion at current prices ran into a coming Nasdaq-100 index bid. U.S. equity markets were open on Wednesday; Nasdaq’s 2026 holiday calendar lists July 3 as the Independence Day closure. SpaceX traded at $160.60, down $10.26, with an intraday range of $157.99 to $176.12 and volume of about 59.9 million shares.
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01 Jul
Datavault AI (NASDAQ:DVLT) gains 21% on $700 million minerals push, but $1 Nasdaq gap holds

Datavault AI (NASDAQ:DVLT) gains 21% on $700 million minerals push, but $1 Nasdaq gap holds

Datavault AI Inc. jumped 21% after outlining its $700 million minerals plan, but the stock still trades a dollar below Nasdaq minimums. Datavault AI Inc. jumped 21.0% to $0.4234 by midday Wednesday. The company said it is teaming up with Patriot Strategic Metals LLC on a planned strategic minerals platform with an initial Phase I program of up to $700 million. Shares stayed well below the $1 close needed for a Nasdaq cure.
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01 Jul
Walmart stock sinks, wiping $42 billion, raises questions for ad-media value

Walmart stock sinks, wiping $42 billion, raises questions for ad-media value

Walmart Inc. lost 4.7% to $107.99 in New York trading late Wednesday morning, wiping out around $42 billion in market cap from the previous close. That loss is big. The stock is priced like a premium growth play, and even this pullback didn’t change that for some investors. Earlier, MarketWatch listed Walmart’s 52-week range as $94.23 to $135.16. At last check, shares traded roughly 20% under that high. Market cap stood near $864 billion. The stock’s trailing P/E was 37.9.
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01 Jul
SoFi gains over QQQ after small business loan push brushes off KBW skepticism

SoFi gains over QQQ after small business loan push brushes off KBW skepticism

SoFi Technologies, Inc. climbed over 3% Wednesday, outpacing the Invesco QQQ Trust and the Financial Select Sector SPDR Fund. Investors responded to SoFi's launch of a small-business loan product, viewing it as a new trial for the company's cross-sell strategy. The stock traded at $18.52 as of 11:46 a.m. EDT, up 3.3%, hitting a high of $18.67 earlier. Volume was about 31.8 million shares, which comes to around $588 million in value. QQQ slipped 0.9%. XLF gained 2.3%, and SPDR S&P 500 ETF Trust was up 0.3%.
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01 Jul
Opendoor (NASDAQ:OPEN) moves higher as midday trade volume tops recent average

Opendoor (NASDAQ:OPEN) moves higher as midday trade volume tops recent average

Opendoor Technologies Inc. surged almost 10% by late morning Wednesday, beating gains in homebuilding funds and major indexes. The stock’s move didn’t track cleanly with the U.S. housing sector. Instead, it looked more like a high-short reaction after recent index inclusion and a market trying to adjust to turnaround hopes. Live quotes around 11:50 a.m. EDT showed the split as follows:
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01 Jul
Dow holds top spot as component math favors blue chips; Nasdaq lags

Dow holds top spot as component math favors blue chips; Nasdaq lags

Dow Jones Industrial Average climbed Wednesday during normal U.S. hours, holding about a 0.4 percentage point lead over the Nasdaq Composite as tech shares kept trading behind blue chips. For 2026, the NYSE says markets close on Friday, July 3, for Independence Day, not Wednesday. The Dow gained 133.78 points, or 0.26%, to 52,452.98, according to Reuters’ U.S. market page with LSEG data, delayed by at least 15 minutes. The S&P 500 added 9.08 points, or 0.12%, at 7,508.44. The Nasdaq slipped 42.94 points, or 0.16%, to 26,170.78.
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01 Jul
S&P 500 Equal Weight Gains, Tech Chips Pressure Nasdaq After Weak Jobs Data

S&P 500 Equal Weight Gains, Tech Chips Pressure Nasdaq After Weak Jobs Data

Stocks in the U.S. were mixed at midday Wednesday. Indexes started out slow, but later action in ETFs pointed to strength under the surface—average names outperformed big tech stocks. The Dow Jones Industrial Average lost 65.31 points, or 0.1%, to 52,262.87 just after 10 a.m. EDT. The S&P 500 dropped 19.85 points, or 0.3%, at 7,479.82, while the Nasdaq Composite fell 141.90 points, or 0.5%, to 26,073.29, according to Reuters. On the NYSE, advancers outpaced decliners 1.2-to-1. On Nasdaq the ratio was 1.35-to-1.
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01 Jul
General Mills (NYSE:GIS) shares climb after earnings beat, with trade timing in focus

General Mills (NYSE:GIS) shares climb after earnings beat, with trade timing in focus

General Mills, Inc. jumped Wednesday as the company topped profit estimates for the quarter. But investors latched onto more than the 95-cent per share figure. The real action was in factors that likely won’t show up again soon: a shift in trade expenses and an added week in the period drove much of the beat. The stock rose 6.8% to $37.17 at 11:34 a.m. EDT. That move topped Kraft Heinz Co., The Campbell's Co., Conagra Brands Inc., PepsiCo Inc. and Mondelez International Inc.. The Consumer Staples Select Sector SPDR Fund slipped 0.2%. The SPDR S&P 500 ETF Trust was up 0.3%.
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01 Jul
Mortgage rates stick near lows, making little difference for refi deals

Mortgage rates stick near lows, making little difference for refi deals

U.S. mortgage rates are sending mixed signals for investors. The headline average is showing a dip that could draw some buyers in, but the actual rate many borrowers see for locks and applications remains higher, keeping most refinances out of reach. Yahoo Finance listed the 30-year fixed purchase rate at 6.19% on June 30, a 2 basis-point uptick from the previous day but still the lowest since May. Fortune, citing Optimal Blue lock data for July 1, put the conforming 30-year mortgage at 6.419%. The spread between 6.19% and 6.57% comes out to 38 basis points. For a $400,000 loan, the payment at 6.19% is about $2,447 a month, while at 6.57% it’s $2,547. That’s a $99 difference per month,
01 Jul
Palantir (NASDAQ:PLTR) jumps, sets new valuation high after NVIDIA (NASDAQ:NVDA) AI agreement

Palantir (NASDAQ:PLTR) jumps, sets new valuation high after NVIDIA (NASDAQ:NVDA) AI agreement

Palantir Technologies Inc. surged 8.8% to $126.98 as of 10:47 a.m. EDT Wednesday. Shares saw an intraday low of $117.70. The company’s valuation hit around $326.5 billion. For investors, the question is the numbers. Trefis said on June 29 that Palantir's $270.3 billion market cap looked reasonable if revenue climbed from $5.2 billion to $34.4 billion over seven years, using a P/E of 28.8 and a net margin of 27.3%. With the stock at a $326.5 billion valuation as of Wednesday morning, the year-seven revenue target jumps to about $41.5 billion and the needed CAGR goes to 34.6% from around 31%.
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01 Jul
Social Security July 2026 payment schedule creates $11.5 billion SSI timing shift for investors

Social Security July 2026 payment schedule creates $11.5 billion SSI timing shift for investors

The July Social Security calendar is a cash-timing story for markets. It pulls one August Supplemental Security Income payment into July. It also moves the usual July 3 Social Security date to July 2, so benefit cash hits at both ends of the month. The July 1 payment covers SSI. The July 2 payment covers beneficiaries who started before May 1997 and other exception groups, because the government observes Independence Day on July 3 this year. The standard Social Security birthday waves land on July 8, July 15 and July 22. The August SSI payment goes out July 31 because Aug. 1 falls on a Saturday.
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01 Jul
CoreWeave and Nebius face Nasdaq-100 test as AI rally cools

Meta (NASDAQ:META) cloud move rattles CoreWeave (NASDAQ:CRWV), Nebius (NASDAQ:NBIS) as $15 billion AI compute deal shifts to risk

Meta’s shift in cloud spending hit CoreWeave and Nebius after the $15 billion AI compute backstop turned into a risk. New York, July 1, 2026, 11:03 EDT Meta Platforms jumped nearly 10% Wednesday after Bloomberg News said, via Reuters, that the company is starting a cloud business to sell surplus AI computing power. CoreWeave was down 14% and Nebius Group dropped 16% as of 10:50 a.m. in New York, according to current data.
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01 Jul
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