Today: 2 July 2026
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Artificial Intelligence 29 June 2026 - 2 July 2026

Reddit (NYSE:RDDT) shares surge $4.6 billion on AI deal before firm books licensing revenue

Reddit (NYSE:RDDT) shares surge $4.6 billion on AI deal before firm books licensing revenue

Reddit, Inc. heads into Thursday’s New York premarket with investors looking at the numbers: shares jumped 13.7% Wednesday, closing at $197.42. That move adds about $4.6 billion in equity value, based on MarketBeat’s listed $38.01 billion market cap. In its March-quarter filing, Reddit reported $120.6 million in performance obligations tied mostly to long-term content licensing contracts longer than a year. The gap matters as the stock is trading on future AI data renewal hopes, not what Reddit has already signed. If the new licensing deals don’t come in higher, investors are just getting a high-priced ad stock growing fast.
2 July 2026
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Meta Platforms (NASDAQ:META) surge values AI cloud bet at $128 billion

Meta Platforms (NASDAQ:META) surge values AI cloud bet at $128 billion

Meta Platforms jumped 8.8% in early New York premarket Thursday after a Reuters item said Bloomberg News reported Meta is planning to offer extra AI compute power through a new cloud business. The Nasdaq opens for its normal session at 9:30 a.m. EDT. With markets closed Friday for the Independence Day holiday, Thursday is the last U.S. cash trading day before the long weekend. The price jump wiped out some of Meta’s earlier losses this year. Shares closed at $612.91, putting Meta’s market cap at around $1.572 trillion. That’s up $127.6 billion over the last close. The single-day jump is 6.4 times what Meta spent on capital expenditures plus lease principal in Q1, and 10.3 times first-quarter free cash flow.
2 July 2026
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NVIDIA Corporation (NASDAQ:NVDA) stock tests $200 as chip selloff shifts to AI capacity risk

NVIDIA Corporation (NASDAQ:NVDA) stock tests $200 as chip selloff shifts to AI capacity risk

NVIDIA Corporation is starting Thursday with a cleaner test than most chip stocks: the stock is below $200, but it did not fall like the rest of the semiconductor tape. Nvidia closed Wednesday at $197.58, down $2.51, or 1.25%, after touching $193.45. It was quoted at $195.50 at 4:07 a.m. EDT in premarket trade. The Philadelphia Semiconductor Index ended Wednesday down 6.3%, while the Nasdaq Composite lost 0.66% and the S&P 500 fell 0.22%. Meta Platforms rose 8.8% after a report that it is building a cloud business to sell excess AI computing capacity.
2 July 2026
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Amazon (AMZN) stock gains with AWS’s $1B AI engineer plan testing AI capex returns

Amazon (AMZN) stock gains with AWS’s $1B AI engineer plan testing AI capex returns

Amazon.com, Inc. traded at $241.70 late Wednesday in after-hours, up 1.4% from Tuesday’s close. The Invesco QQQ Trust lost 1.5% and the SPDR S&P 500 ETF Trust edged down 0.1%. The quote was posted after the regular Nasdaq session, which runs from 9:30 a.m. to 4 p.m. Eastern. After-hours continues until 8 p.m. The Nasdaq is set to close on Friday, July 3, for Independence Day. The Nasdaq Composite dropped 0.66% and the PHLX semiconductor index slid 6.3% as chip names pulled the S&P 500 and Nasdaq lower, according to Reuters. Amazon’s gain was a rare positive, even as Meta Platforms Inc. climbed on talk of an AI cloud push.
2 July 2026
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IREN (NASDAQ:IREN) falls as AI-cloud ARR valuation slips, Meta risk weighs on neoclouds

IREN (NASDAQ:IREN) falls as AI-cloud ARR valuation slips, Meta risk weighs on neoclouds

IREN Ltd dropped 5.4% to $43.28 late Wednesday as shares of AI cloud infrastructure companies sank. The move followed reports that Meta Platforms is working on a cloud business to sell excess AI computing capacity. Quiver Quantitative said there was no obvious new press release or SEC filing from IREN connected to a negative event as of July 1. Reuters said Meta’s plans were still taking shape and might be different later. Meta would not give Reuters a comment. CoreWeave dropped 14.3% and Nebius Group slid 15.7% in the same session, both seen as more exposed to the neocloud theme.
1 July 2026
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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.
1 July 2026
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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%.
1 July 2026
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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.
1 July 2026
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ServiceNow (NYSE:NOW) shares climb after Guggenheim says AI pullback overdone

ServiceNow (NYSE:NOW) shares climb after Guggenheim says AI pullback overdone

ServiceNow, Inc. traded higher Wednesday after Guggenheim’s John DiFucci upgraded the stock. Shares were last at $102.81, climbing 3.6%. The stock opened at $104.00 and hit $104.99 at the high. Volume reached 4.4 million shares as of 9:47 a.m. EDT. The New York Stock Exchange was open for normal trading at the time. Regular hours are 9:30 a.m. to 4 p.m. ET. For 2026, the exchange has July 3, a Friday, marked as the Independence Day holiday, rather than July 1.
1 July 2026
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Brookfield (NYSE:BAM) raises AI power deal framework to $25B; Bloom Energy (NYSE:BE) stock moves

Brookfield (NYSE:BAM) raises AI power deal framework to $25B; Bloom Energy (NYSE:BE) stock moves

Bloom Energy shares soared late Tuesday as Brookfield Asset Management increased its financing framework for Bloom’s AI infrastructure power projects to $25 billion, up from $5 billion. The move shifts the deal into a test for Bloom’s ability to deploy the new capital quickly. Reuters said the stock climbed 12% in after-hours trading after the two groups revealed the new figure. Bloom shares caught a bid even before the news, changing hands at $302.70 in late trading. That’s up roughly 10% from the previous close, putting the market cap close to $96.8 billion, according to finance data. U.S. cash markets had already closed when the print hit, so those gains were all after-hours.
1 July 2026
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South Korea chip shift moves AI capex focus to tool makers

South Korea chip shift moves AI capex focus to tool makers

ASML Holding was the biggest mover after South Korea’s new chip spending news. Shares in the Dutch equipment maker ended up 6.79% at 1,721.40 euros in Amsterdam on June 30. ASML’s market cap hit 675.86 billion euros, Google Finance shows. The gain adds around 43 billion euros to equity value in a day. That’s a big jump. SK Hynix said in March it made an 11.95 trillion won order for ASML EUV lithography gear, the biggest single order ASML has reported from a customer. The new southwest Korea fab plan comes in at $518.3 billion, about 65 times more than the tool order, though not all fab spending is for lithography.
30 June 2026
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Rezolve AI surges after $300M buyback vote targets over a quarter of shares

Rezolve AI surges after $300M buyback vote targets over a quarter of shares

Rezolve AI PLC climbed around 12% Tuesday after getting shareholder signoff for a capital reduction and a share buyback of up to $300 million. The mandate stands out as big compared to the current number of shares. Nasdaq kept regular trading hours, 9:30 a.m. to 4 p.m. ET. The exchange has market holidays scheduled for June 19 and July 3 in 2026.
30 June 2026
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BTC Digital shares surge premarket after $7M AI capital round tops market cap

BTC Digital shares surge premarket after $7M AI capital round tops market cap

BTC Digital Ltd. soared ahead of Tuesday’s open after the company said it closed a private placement raising $7 million upfront, with potential for another $21 million if investors cash in warrants. At the time, Nasdaq was trading in pre-market. Pre-market on Nasdaq goes from 4:00 a.m. to 9:30 a.m. ET. NasdaqTrader’s 2026 U.S. equity holiday calendar doesn’t list June 30 as a holiday.
30 June 2026
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Super Micro Computer (NASDAQ:SMCI) stock slide leaves AI orders worth twice its market value

Super Micro Computer (NASDAQ:SMCI) stock slide leaves AI orders worth twice its market value

Super Micro Computer, Inc. enters Tuesday’s regular U.S. session with a sharp split in the numbers: $39 billion of recent AI server orders, a $19.5 billion market value, and a stock price now sitting only 2.4% above the price of its latest underwritten common-share sale. The shares closed Monday at $28.15, down 8.1%, on volume of 91.16 million shares, or 184% of the 65-day average. The fall was not a chip-sector trade. The Nasdaq Composite rose 2.1% Monday and the S&P 500 rose 1.2%, according to AP. The iShares Semiconductor ETF was last up 4.0% in available quote data.
30 June 2026
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SharonAI shares dip on $1.6B deal as float moves before Russell reshuffle

SharonAI shares dip on $1.6B deal as float moves before Russell reshuffle

SharonAI Holdings Inc finished down Monday. The AI cloud firm secured a $1.6 billion private raise, but investors looked past that as the deal terms hint at a much bigger common-equivalent share count before Nvidia-related income starts coming in. The shares dropped 1.28% to close at $81.00 on Nasdaq, with trading between $76.40 and $86.0878, according to WSJ data. Volume reached 1.49 million, more than double the 65-day average of 646,366. After hours, WSJ put the quote at $88.00, up 8.64%, at 6:07 p.m.
30 June 2026
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Palantir (NASDAQ:PLTR) rises after NVIDIA (NASDAQ:NVDA) AI tie-up, but trades at about 39x sales forecast

Palantir (NASDAQ:PLTR) rises after NVIDIA (NASDAQ:NVDA) AI tie-up, but trades at about 39x sales forecast

Palantir Technologies Inc. gained 2.4% to $115.70 late Monday after partnering with NVIDIA Corporation on an AI engine for U.S. government and critical infrastructure clients. Investors bought in: some $5.1 billion worth of Palantir shares traded, and the $2.74 gain tacked on around $7.0 billion in market cap. That’s close to 92% of Palantir’s 2026 revenue guidance midpoint. Palantir shares held close to the big tech ETF in recent trading. The stock outperformed SPDR S&P 500 ETF Trust but stayed in line with Invesco QQQ Trust Series 1. Nvidia posted a smaller gain.
29 June 2026
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Corning beats Wall Street as AI fiber pricing shifts

Corning beats Wall Street as AI fiber pricing shifts

Corning Incorporated surged 15.2% to $254.54 as of 2:48 p.m. EDT Monday, tacking on around $29 billion in market cap since Friday’s close. The stock outperformed the SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. GLW’s jump wasn’t just about magnitude. The stock traded above all 12-month analyst targets tracked by Google Finance, despite that data showing seven Buys, four Holds and zero Sells. The top price target sat at $228.00, with an average of $205.10.
29 June 2026
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Maruti Suzuki puts battery recycling with MiniMines in EV cost mix, AI stays in play

Maruti Suzuki puts battery recycling with MiniMines in EV cost mix, AI stays in play

Maruti Suzuki India picked five startups on Monday – four focused on AI and digital processes, and one in battery recycling. MiniMines, based in Bengaluru, will handle recycling old lithium-ion batteries and recover precious materials. The other four – Easework AI, Sarvam AI, Siftly, and CodeMate AI – will work on areas like procurement, customer support, marketing, and software. Hisashi Takeuchi, Maruti’s MD and CEO, said MiniMines will “support us in safely recycling end-of-life batteries”, while the other four startups will help “drive efficiency” in different business operations. All five companies came through the fifth round of the Maruti Suzuki Incubation Program with IIM Bangalore’s NSRCEL.
29 June 2026
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Broadcom shares jump on OpenAI move, margin outlook still in focus for AVGO

Broadcom (NASDAQ:AVGO) AI revenue now over half of forecast, shares still under pressure in June

Broadcom Inc. says AI chip revenue should hit $16.0 billion in its fiscal Q3, making up about 54% of expected revenue, up from 49% in the quarter ended May 3. Still, shares have stayed weak through June, down around 20% for the month, according to Benzinga. Broadcom's split is a signal the company is shifting away from its mixed chip-software setup, pushing harder into AI custom chips. CEO Tan said, “The momentum continues,” noting Q2 AI semiconductor revenue jumped 143% to $10.8 billion. CFO Kirsten Spears told investors operating leverage held up, with adjusted EBITDA reaching 69% of revenue for Q2 and guidance just under that at 68% for Q3.
29 June 2026
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Nokia flat in Helsinki as AI-driven gains pause with traders weighing value

Nokia flat in Helsinki as AI-driven gains pause with traders weighing value

Nokia Oyj dipped in Helsinki on Monday, with most of the action in the broker calls. Handelsbanken took its rating down to Hold from Buy but bumped its target up to 12 euros from 10.20. The broker suggested Nokia’s AI run is now mostly reflected in the share price. Nokia was at 11.36 euros, off 0.40%, as of 14:01 EEST. Shares dropped 6.52% on Friday, with most of the slide coming then. Monday saw only light selling afterward.
29 June 2026
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Stock Market Today

  • Amplitude (AMPL) Pops 11.8% on Revenue Jump, Bigger Customer Base
    July 2, 2026, 9:13 AM EDT. Amplitude (AMPL) rallied 11.8% to $8.55 in heavy trading, bouncing after recent declines. The company posted a 17% year-on-year revenue gain and reported net dollar retention up sequentially to 106% for Q1 2026. Customers spending over $100,000 yearly grew by 18%. Amplitude said it's working with Statsig to bring Statsig customers over. The company still sees a $0.01 per share quarterly loss, with revenue guidance at $97.76 million, up 17.4%. EPS estimates didn't move, pointing to limited share price upside in the short term. AMPL holds a Zacks Rank #3 (Hold). Direction depends on where earnings estimates go next, so investors are watching closely.
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