Today: 4 July 2026
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Artificial Intelligence 1 July 2026 - 4 July 2026

Meta’s AI cloud plan puts $62 billion supplier wager in play

Meta’s AI cloud plan puts $62 billion supplier wager in play

Meta Platforms has not confirmed a commercial cloud product. The investor question is already measurable: after $19.84 billion of first-quarter capital expenditures, Meta would need to spend $105.2 billion to $125.2 billion over the final nine months of 2026 to hit its own $125 billion to $145 billion full-year guide. That implies $35.1 billion to $41.7 billion a quarter, or 77%-110% above the first-quarter pace. Reuters, citing Bloomberg News, reported that Meta is building a cloud business to sell excess AI computing capacity and may offer access to hosted models, including Muse Spark, as well as raw compute. The plans are still in development and could change. Meta declined to comment to Reuters.
4 July 2026
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Marvell (NASDAQ:MRVL) falls as AI data-center surge cools into holiday week

Marvell (NASDAQ:MRVL) falls as AI data-center surge cools into holiday week

U.S. markets closed on Friday for the Independence Day holiday, so Marvell's last full session was Thursday. Nasdaq says July 3, 2026, will be a holiday. NYSE also has that date as the observed Independence Day. Marvell traded higher early Tuesday but then dropped sharply. Shares ended the week 17.7% under Tuesday’s close and down 8.1% from the last Friday close at $266.77. The week was short, but losses were heavy.
4 July 2026
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Microsoft (NASDAQ:MSFT) rebound puts AI hopes to the test, tech lags over holiday week

Microsoft (NASDAQ:MSFT) rebound puts AI hopes to the test, tech lags over holiday week

Nasdaq and NYSE will be shut July 3 for the Independence Day holiday, so Thursday’s session is the last regular equity close until trading opens again next week. Nasdaq’s normal hours are 9:30 a.m. to 4:00 p.m. ET. Microsoft Corporation ended July 2 at $390.49, up 1.6% on the day and giving the company a market cap close to $2.91 trillion. Shares were up 4.7% from the June 26 close. Over the same stretch, State Street Technology Select Sector SPDR ETF slipped 0.3%, while SPDR S&P 500 ETF Trust gained 2.2%.
4 July 2026
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Oracle (NYSE:ORCL) lines up $638B AI backlog with $95B capex plan

Oracle (NYSE:ORCL) lines up $638B AI backlog with $95B capex plan

U.S. equity trading was closed Friday for the Independence Day holiday, giving Oracle a break after it finished Thursday at $140.27, down 1.56%. Volume hit 44.27 million shares, about 1.56 times the 65-day average. Shares sit just 4.2% above the 52-week low of $134.57. Oracle’s AI cloud push is hitting a timing issue. The company’s backlog is now bigger than its equity value, but the bills for data centers are showing up before the revenue does. Oracle ended May with $638 billion in remaining performance obligations. That’s more than its market cap, which was $408.5 billion on the latest market data.
3 July 2026
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Palantir surges, adding $23 billion as Nvidia AI tie-up pushes valuation

Palantir stock takes holiday break with $117 billion AI control-layer bet hanging

U.S. stock markets were closed Friday for the Independence Day observed holiday, so Palantir Technologies Inc. only had a four-day trading week. That ended a rough June, with the stock starting July on a firmer note. The New York Stock Exchange will also observe Independence Day on Friday, July 3 in 2026, while regular trading runs 9:30 a.m. to 4:00 p.m. ET otherwise. Palantir didn’t just come back; it outperformed. Shares finished at $129.30 on Thursday, up 2.84% for the session, while SPDR S&P 500 ETF Trust fell $0.85 and Invesco QQQ Trust Series 1 dropped $12.33 in the final U.S. trade before the holiday.
3 July 2026
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OpenAI proposal could hand $42.6 billion in AI equity to U.S. government

OpenAI proposal could hand $42.6 billion in AI equity to U.S. government

OpenAI has reportedly offered the U.S. government a 5% stake, which at the company’s latest $852 billion valuation would value the holding at $42.6 billion. That potential piece would be bigger than most recent direct government stakes in U.S. companies and could be key for IPO buyers to watch. OpenAI in March said it closed $122 billion in committed capital. The Financial Times said the proposal would push other U.S. AI firms to offer similar stakes to a fund based on the Alaska Permanent Fund. The Guardian reported the talks are at an early, conceptual stage and may need Congress to act. Reuters was not able to verify the FT story, and said Alphabet’s Google would not comment. OpenAI, Anthropic, and the White House also did not reply.
3 July 2026
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Meta Platforms (NASDAQ:META) surge values AI cloud bet at $128 billion

Meta’s (NASDAQ:META) $145B AI cloud plan to get investor reaction

Meta Platforms is said to be planning a move into cloud, shifting the focus for the stock from building AI to selling compute. Bloomberg reported the company would offer AI computing and models to other firms, putting it in direct play with Amazon.com, Microsoft, and Alphabet. Meta did not comment to Reuters on the story. NYSE and Nasdaq calendars both show July 3 as a full holiday for Independence Day, so the last U.S. equity prices available are from late Thursday. Meta closed at $582.90, down 4.9%. CoreWeave fell 4.6%, and Nebius Group dropped 5.9%.
3 July 2026
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Microsoft tops Nasdaq as $2.5 billion AI plan sparks bargain trade

Microsoft tops Nasdaq as $2.5 billion AI plan sparks bargain trade

Microsoft Corporation shares climbed Thursday even as the Nasdaq Composite slipped 0.80%. Investors moved out of chip stocks and into some software names. Microsoft ended up $6.21 at $390.49 on 41.23 million shares, a bit above its 65-day average. Microsoft’s $2.5 billion move on its new AI unit got attention, but the real story is the scale. The Frontier Company bet is under 0.1% of Microsoft’s $2.85 trillion value. On Thursday, the share price was up $6.21, which by itself added about 20 times more market value than the AI unit investment, with 7.43 billion shares out.
3 July 2026
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Amazon shares inch higher as investors watch AWS AI bets

Amazon shares inch higher as investors watch AWS AI bets

NEW YORK, July 2, 2026, 5:01 PM EDT Amazon.com Inc ticked higher late Thursday while the Nasdaq slipped. The move was modest but gave investors a clearer signal than the overall index performance. Traders looked at AWS’s newest AI-services pitch as a shot at turning big AI outlays into actual customer sales, instead of just higher data center costs. Shares last traded at $242.67, up 82 cents, or 0.34%, with 47.2 million shares changing hands. Market cap is around $2.64 trillion.
2 July 2026
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Dow sets new record close as Apple and Amgen help blue chips, AI stocks lag

Dow sets new record close as Apple and Amgen help blue chips, AI stocks lag

The Dow Jones Industrial Average finished Thursday at a new closing high of 52,680.29, trading between 52,395.22 and 52,805.12 during the day. That beats the last record close Tuesday at 52,319.20. The Dow added 1.55% for the week, which is short due to markets closing for July Fourth. This move didn’t show big risk appetite. It was a matter of how the Dow works. S&P Dow Jones Indices says the Dow is price-weighted, so each company’s share price matters more than its market cap. Google Finance also notes that stocks with higher prices move the index more, regardless of company size. That meant some higher-priced Dow stocks had a bigger impact, outweighing losses in AI and chips.
2 July 2026
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Marvell Technology (NASDAQ:MRVL) slips, AI data-center premium narrows ahead of holiday

Marvell Technology (NASDAQ:MRVL) slips, AI data-center premium narrows ahead of holiday

Marvell Technology, Inc. dropped 10.8% to $242.78 on Thursday afternoon, leading losses among chip stocks. Broadcom Inc., NVIDIA Corp. and the broader market also slipped as traders sold semiconductors ahead of the long U.S. market holiday. Valuation is more clear cut. Marvell posted $1.83 billion in data-center revenue for the first quarter, making up 76% of total sales. With 874.8 million shares outstanding, according to Google Finance, that puts the equity market paying roughly 29 times Marvell’s current annualized data-center run rate. At the 52-week peak, the multiple was about 39.
2 July 2026
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Oracle (NYSE:ORCL) AI backlog tops market cap but spending keeps rising

Oracle (NYSE:ORCL) AI backlog tops market cap but spending keeps rising

Oracle is trading less like a typical software name and more like a buildout on credit, with $638 billion in future contracted revenue, a $411 billion market cap, and cash outflows that are outpacing near-term revenue realization. Oracle shares changed hands at $141.27 as of 11:48 a.m. EDT, off 0.9% for the session and putting the company’s market cap near $411.4 billion. Microsoft was much larger, with a market value around $2.90 trillion.
2 July 2026
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Apple (NASDAQ:AAPL) shares up, leaving little margin for error on AI upgrade story

Apple (NASDAQ:AAPL) shares up, leaving little margin for error on AI upgrade story

Apple Inc. jumped 3.9% to $305.81 at about 10:50 a.m. in New York, tacking on around $168 billion in market value. That move cut against the broader tape: Invesco QQQ Trust slipped 0.8%, while SPDR S&P 500 ETF Trust traded up 0.2%. The focus is on the gap here—Apple is being pushed back toward its June highs even as fresh survey data raises doubts about whether AI features are making iPhone owners upgrade any faster. UBS analyst David Vogt wrote Thursday that roughly 24% of survey respondents now say they would upgrade sooner due to Apple Intelligence, a drop of 500 basis points from the last six months. At the same time, about 31% reported the new features have no impact, up 300 basis points. UBS added that iPhone purchase intent in China slipped to around 15%. The average iPhone age in the installed base remains high at about 22.9 months.
2 July 2026
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Palantir surges, adding $23 billion as Nvidia AI tie-up pushes valuation

Palantir surges, adding $23 billion as Nvidia AI tie-up pushes valuation

Palantir Technologies Inc. trades more like a gatekeeper for enterprise AI than a regular software play. The stock finished Wednesday at $125.73, up $9.06, or 7.77%, with 58.56 million shares traded. That’s well above the 65-day average volume of 45.17 million. Premarket quotes put the shares at $128.60 as of 8:42 a.m. EDT Thursday, up 2.28%. Still off the 52-week high of $207.52.
2 July 2026
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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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Stock Market Today

  • Trump Team Pushes on Fannie Mae IPO Hopes
    July 4, 2026, 10:18 AM EDT. The Trump administration is trying to squeeze as much value as it can from a possible Fannie Mae IPO, keeping market watchers tuned in. Glen Bradford, who writes for Seeking Alpha and has a long stake in Fannie and Freddie prefs, points to lingering uncertainty in the IPO path. The recent Supreme Court ruling has made things trickier but didn't settle the matter. Despite the risks, traders remain focused as the White House works through both financial and regulatory hurdles facing these GSEs. The story could move mortgage finance and government-backed securities.
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