Today: 4 July 2026
Oklo (NYSE:OKLO) heads into the week after DOE approval as $1.65 billion short position looms
4 July 2026

Oklo (NYSE:OKLO) heads into the week after DOE approval as $1.65 billion short position looms

Oklo Inc. heads into the next U.S. session with a bit of a standoff. The company landed a true regulatory win, but the stock failed to jump, and shorts are still hanging on to a big reported position. The NYSE didn’t open Friday, July 3, for Independence Day, and Saturday wasn’t a trading session. Thursday’s close was the last regular price. Google Finance listed Oklo at $52.36, down 0.17%, in a $50.69 to $56.34 band. Volume hit 9.68 million shares. Market cap stood at $9.11 billion.
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Oracle stock’s $638 billion backlog fails to stop worst selloff in years

Oracle stock’s $638 billion backlog fails to stop worst selloff in years

4 July 2026
Oracle Corporation enters the long U.S. holiday weekend with an odd split in its numbers: contracted demand has grown larger than the company’s market value, while the stock has kept falling. U.S. equity markets were closed Friday, July 3, for Independence Day observed, with normal NYSE and Nasdaq hours listed as 9:30 a.m. to 4:00 p.m. ET on regular trading days. Oracle’s last regular-session print was Thursday’s $140.27 close, down 1.56%, after touching an intraday low of $138.83. Volume was 44.27 million shares, about 56% above Google Finance’s listed average volume of 28.37 million.
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Recursion Pharmaceuticals (NASDAQ:RXRX) pops, short interest still much bigger than new founder-sale alert

RXRX rallies past biotech ETFs as short interest, insider-sale filings shape coming week

Recursion Pharmaceuticals, Inc. closed Thursday at $3.80, gaining 13 cents as the U.S. markets wrapped up early for the holiday week. The stock traded 32.68 million shares, about double its 65-day average of 17.04 million. Nasdaq was closed Friday for Independence Day. RXRX outperformed major biotech names this week. From the June 26 close to July 2, RXRX gained 8.0%. The SPDR S&P Biotech ETF was up 3.3%. iShares Biotechnology ETF rose 4.5%. The SPDR S&P 500 ETF Trust added 2.2%.
4 July 2026
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Amazon stock beats Nasdaq before holiday break; focus on Leo, Prime Day data next week

Amazon stock beats Nasdaq before holiday break; focus on Leo, Prime Day data next week

Amazon.com Inc. outperformed the Nasdaq before the long holiday weekend, but its story is still mixed. The stock gained in the final session before the July 3 market holiday, while chip stocks dragged on the Nasdaq and the wider market showed Dow strength but pressure on other big tech. Nasdaq will close July 3, 2026 for the observed Independence Day holiday. Usual cash trading runs 9:30 a.m. to 4 p.m. Eastern, so the next full session is set for Monday, July 6.
3 July 2026
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Dow Jones ends at record 52,900, chips mixed ahead of Fed week

Dow Jones ends at record 52,900, chips mixed ahead of Fed week

U.S. stock markets were closed for trading Friday, leaving Thursday's closes unchanged. The Dow Jones Industrial Average ended at a record high 52,900.07, up 1.14%. The S&P 500 ended flat. The Nasdaq Composite slipped 0.80%. That put the Dow ahead of the Nasdaq by 1.94 points on the session, a sharp spread heading into the long holiday break. This isn't just a broad risk-on move; buyers looked for safety as chips sold off again. The Dow tracks 30 big stocks, weighting them by price, so gains in the highest-priced names move the index more than moves in bigger companies.
3 July 2026
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GFL Environmental shares trade on TSX after buyout talk; NYSE shut for holiday, $1 billion spread

GFL Environmental shares trade on TSX after buyout talk; NYSE shut for holiday, $1 billion spread

GFL Environmental Inc. jumped 7.56% to C$57.17 on the Toronto exchange at 12:42 p.m. EDT. Reuters, quoting Bloomberg, said the waste services company is looking at a possible take-private deal. GFL’s U.S. shares were idle with NYSE markets closed Friday for the Independence Day holiday, so the Toronto price was the basis for this update. GFL was moving ahead of the Canadian market at midday. By 12:49 p.m. EDT, the S&P/TSX Composite Index was up 0.87%. GFL's volume hit 938,410 shares, well above its usual 688,880. That was almost 36% more than average before the afternoon kicked off.
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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Genuine Parts (NYSE:GPC) shares pop as O’Reilly Automotive (NASDAQ:ORLY) bid tests value

Genuine Parts (NYSE:GPC) shares pop as O’Reilly Automotive (NASDAQ:ORLY) bid tests value

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3 July 2026
NYSE markets are closed Friday for the Independence Day holiday. Thursday's session was the last trading day this week for Genuine Parts Company, which finished at $132.57, gaining 12.9% for the day. The stock is up about 14.3% from a June 26 close of $116.02. The question for investors now isn't only if O’Reilly Automotive will pick up GPC’s auto-parts arm. The market is also starting to focus on the value of what’s left—Motion, GPC’s industrial parts division. Bloomberg reported the auto unit could fetch $10 billion or more, Reuters said, and noted GPC might still hold onto the business, go for a spinoff, or wait for another offer. GPC had no comment, according to Reuters.
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Joby Aviation slips after Toyota JV filing points to modest launch, possible $250 million add-on

Joby Aviation (NYSE:JOBY) drops after Toyota boost fades, JV terms in focus

Joby Aviation closed out the week on a softer note than Toyota’s news signaled. The NYSE was shut Friday, July 3, for the observed Independence Day holiday, so $8.49 on Thursday was the last trade before the break. Joby shares dropped 3.9% from the $8.83 close last Friday, despite news of the manufacturing JV with Toyota Motor Corp. Trading picked up: 207.7 million shares moved in four sessions, or about 51.9 million a day, above the 37.42 million daily average on Google Finance.
3 July 2026
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ASML rally trims analyst upside ahead of July 15 earnings

ASML rally trims analyst upside ahead of July 15 earnings

ASML Holding N.V. traded higher Friday, with shares last at 1,626.60 euros, up 3.1% from Thursday's close of 1,577.80 euros. The stock moved between 1,588.40 and 1,636.40 euros on the day. Some investors are watching the gap between the current price and analyst targets instead of just the daily move. The rebound keeps the stock 6.6% under its June 30 record of 1,741 euros. It’s now close to the average 12-month price target of 1,695.96 euros. Investing.com pegs the room to target at 4.26%, with 38 analysts rating it a buy and two at sell.
3 July 2026
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IREN (NASDAQ:IREN) falls as AI-cloud ARR valuation slips, Meta risk weighs on neoclouds

IREN drops after Russell 1000 debut wipes out $2.8 billion, compensation questions rise

U.S. equity markets are closed Friday for the Independence Day holiday, so Thursday’s session marked the last trading for IREN Limited. According to Nasdaq, July 3, 2026 is listed as a market holiday for Independence Day observed. Usual hours run from 9:30 a.m. to 4:00 p.m. Eastern. IREN ended Thursday at $38.82, dropping 10.39%. Shares hit a session low of $37.66 before settling. In late after-hours trading, the stock was at $39.17. The fall wrapped up nine straight lower closes from June 22 to July 2, according to daily data.
3 July 2026
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Dow up but AI-chip slide hits Nasdaq after jobs report

US stock futures set for gains ahead of July 4; chip selloff masks broader move

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3 July 2026
U.S. stock investors go into the long weekend without the usual premarket session, as exchanges stay closed for Independence Day observed. The last read on futures had buyers stepping in after a weaker jobs report eased worries about a Fed rate hike soon. U.S. stock and bond markets are shut Friday and regular trading starts back up Monday, July 6. The Dow finished at a record, but the bigger story was the split between index price and market breadth. On Thursday, the S&P 500 closed little changed, but over two-thirds of its stocks traded higher. The Nasdaq slipped as traders reduced chip bets. That leaves Monday looking less like a typical risk-on move and more like a check on whether
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Ondas Inc. (NASDAQ:ONDS) heads into shortened week after 315 million shares trade

Ondas Inc. (NASDAQ:ONDS) heads into shortened week after 315 million shares trade

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3 July 2026
Ondas Inc. heads into the U.S. holiday break after a busy session that finished lower. Thursday’s $7.41 close stands as the last regular-session price before Nasdaq shuts down July 3 for Independence Day observed and trading resumes next week. The key stat isn’t just Thursday’s 6.44% drop. It’s the churn: Ondas saw 315.5 million shares traded from Monday to Thursday, about 60% of its 523.16 million shares outstanding, according to Google Finance. That kind of turnover doesn’t mean every share changed hands, but it does show a lot moved as the stock stalled under $8.50.
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NVIDIA Corporation (NASDAQ:NVDA) stock tests $200 as chip selloff shifts to AI capacity risk

NVIDIA (NASDAQ:NVDA) holds as 210,000-GPU cloud move set for July milestone

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3 July 2026
NVIDIA Corporation heads into the extended U.S. holiday with shares that outperformed the chip sector overall but are still held back by Wall Street’s latest concern: how much future sales will come from customers relying on Nvidia-funded infrastructure. Nasdaq will be closed July 3 for Independence Day observed. Regular trading hours are 9:30 a.m. to 4 p.m. Eastern. Nvidia ended Thursday at $194.83, off 1.39%, with 142.4 million shares traded. That's 17.6% under its May 14 peak of $236.54. The after-hours quote was $194.43.
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Avis Budget (NASDAQ:CAR) stock pop lines up with $650M settlement value per share

Avis Budget (NASDAQ:CAR) stock pop lines up with $650M settlement value per share

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3 July 2026
Avis Budget Group, Inc. jumped Thursday. A new credit filing gave the market a direct look at the $650 million Pentwater settlement. The cash is big enough to matter for equity holders, but some lenders already included much of it in debt paperwork. The shares traded at $163.44, up $16.55, or 11.3%. At that price, Avis was worth roughly $5.77 billion. Given the share price and market cap, the $650 million settlement works out to about $18.40 per share. The stock’s gain Thursday covered about 90% of that figure.
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Latest

Intuitive Machines stock slips after NASA award rally with July 10 short data ahead

Intuitive Machines stock slips after NASA award rally with July 10 short data ahead

Intuitive Machines, Inc. finished the shortened week down, despite picking up a new NASA contract. Trading suggests investors may be watching for short-interest numbers now, not just the backlog. U.S. markets stayed closed Friday for the Independence Day holiday. Nasdaq’s calendar shows July 3, 2026, as a closed date. On regular trading days, the market runs from 9:30 a.m. to 4:00 p.m. ET.
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04 Jul
JPMorgan stock: $50 billion buyback gives JPM a July earnings yardstick

JPMorgan stock: $50 billion buyback gives JPM a July earnings yardstick

JPMorgan Chase & Co. goes into the U.S. holiday weekend with the stock near its late-June high and a fresh $50 billion buyback in force. The New York Stock Exchange listed Friday, July 3, as the Independence Day observed holiday. JPM last traded Thursday. It closed at $334.47, up 0.12%, on 8.42 million shares. The less crowded number is not the day’s move. It is the buyback-to-liquidity ratio. At $334.47, $50 billion buys about 149.5 million shares before costs and market impact. That is 17.8 times Thursday’s volume and 16.6 times the 65-day average volume shown by WSJ data.
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04 Jul
Disney Stock Holds Near $100 With Summer Trade in Focus

Disney (NYSE:DIS) lags S&P with Toy Story 5 and parks in focus

Disney closed at $99.50 on Thursday, up 3.96% in the final session before the holiday break. But for the week, shares were only up 0.7%, lagging the S&P 500 as traders looked for signs that parks demand and a hit from Pixar might be enough to boost earnings. The NYSE was closed for Independence Day on Friday, July 3, after the 2026 holiday calendar scheduled the break then. As a result, the last trading day before the holiday weekend fell on Thursday.
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04 Jul
Trump crypto token losses reach $3.8 billion; Trump payout surpasses net trader profits

Trump crypto token losses reach $3.8 billion; Trump payout surpasses net trader profits

Trump booked about $635 million from his meme coin sales in 2025—well ahead of the total net gain seen in the 1.48 million TRUMP buyer wallets tracked by Nansen. Nansen data, as reported by CoinDesk, pegged that net wallet gain at $236 million after losses. Trump’s reported haul is about 2.7 times that figure. The gap is important for investors. It points to a fee-and-brand trade instead of a typical equity risk deal. Nansen data showed 988,905 wallets lost $3.81 billion and 492,285 wallets gained $4.04 billion. Gains went to early buyers in under $1 before the token hit almost $75 two days later, according to CoinDesk.
04 Jul
Dow hits new high as Nasdaq chips fall ahead of Fed minutes

Dow sets high while Nasdaq breadth lags, with Fed and earnings ahead

Stocks start the week with little in the way of headlines, but action's still unsettled. The Dow Jones Industrial Average finished at a record before the holiday, but the Nasdaq Composite slipped as chip stocks dropped on the last session. Markets were shut Friday for the Independence Day holiday, with July 4 landing on Saturday. The story isn’t the fresh high. It’s how stocks got there. The Dow climbed as chip names slid, the S&P 500 lost steam and more Nasdaq stocks fell than rose.
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04 Jul
Bloom Energy surges into Russell as $25B AI contract faces up $77B market cap

Bloom Energy surges into Russell as $25B AI contract faces up $77B market cap

Bloom Energy Corporation goes into the week as a large-cap growth name, shifting from its old small-cap fuel-cell label. A short trading week in the U.S. showed just how much trading in BE now tracks index moves and AI-linked power order deals. U.S. stock markets were closed Friday in honor of Independence Day. The NYSE 2026 holiday schedule lists July 3 as a market holiday, since July 4 lands on a Saturday this year. Trading will open again on Monday, July 6.
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04 Jul
GE Vernova (NYSE:GEV) stock ends volatile week with failed bounce before U.S. holiday break

GE Vernova closes holiday week as Q2 backlog talk heats up

GE Vernova Inc. heads into the long weekend with gains for the week, but shares pulled back from Tuesday highs. The stock is already trading close to a bullish target. The NYSE listed Friday, July 3, as the observed holiday for Independence Day in 2026. Regular trading hours are 9:30 a.m. to 4 p.m. Eastern. GEV dropped 5.3% between Tuesday and Thursday, based on the four closes below. The stock still held onto a weekly gain, but its valuation cushion got slimmer ahead of Q2 earnings.
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04 Jul
CoreWeave slides as Meta risk hangs over backlog defense

CoreWeave slides as Meta risk hangs over backlog defense

CoreWeave, Inc. headed into the extended U.S. holiday break with shares showing more strain than momentum. U.S. equity markets were closed Friday, July 3, for the Independence Day observance. Trading also paused Saturday. NYSE’s posted 2026 calendar confirms July 3 as a holiday closure. CoreWeave shares fell 4.60% to $81.75 on Thursday, slipping on volume of 32.79 million, which topped its 65-day average. The stock was down 15.36% for the past five days, erasing more than what was left of its 14.15% year-to-date gain. It finished about 18% above its 52-week low and well below its high, with a 52-week range between $63.80 and $163.66, according to MarketWatch.
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04 Jul
Take-Two (NASDAQ:TTWO) stock: GTA VI preorders could mean $240M-$360M

Take-Two (NASDAQ:TTWO) stock: GTA VI preorders could mean $240M-$360M

U.S. stock trading was shut Friday, with both the Nasdaq and NYSE observing the July 3, 2026 Independence Day holiday. Nasdaq’s normal trading hours run 9:30 a.m. to 4 p.m. Eastern Time on business days. Take-Two finished Thursday at $254.99, up 1.87%, to clock its fourth straight daily gain as it heads into the new week. The stock rose 6.9% for the holiday week, from $238.53 at the June 26 close, according to WSJ. Over that period, the Nasdaq Composite was up 2.1% and the S&P 500 added 1.8%, both measured close-to-close.
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04 Jul
Goldman Sachs (NYSE:GS) trades flat, EMEA M&A head sets July earnings mark

Goldman Sachs (NYSE:GS) trades flat, EMEA M&A head sets July earnings mark

Goldman Sachs heads into next week still trading around $1,000 after new deal figures put the firm on top in first-half EMEA league tables. U.S. markets on the NYSE were shut Friday for Independence Day observed, so Thursday marked the last full regular session. Goldman finished Thursday's session at $1,021.00, up $1.39, or 0.14%. Volume came in at 1.54 million shares, running 28.5% under its 65-day average. Shares were just 0.14% up from the June 26 close at $1,019.61, barely moved in a week that included new deal share gains.
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04 Jul
AT&T down 9% for the week; dividend yield, SpaceX issues ahead of Q2

AT&T down 9% for the week; dividend yield, SpaceX issues ahead of Q2

AT&T Inc. fell 9.4% to $20.58 for the holiday week, while the S&P 500 rose 1.8%. The drop wasn’t marketwide—investors sold AT&T on U.S. telecom risk. Shares in U.S. telecoms fell this week as Space Exploration Technologies Corp. and its Starlink mobile ambitions shook the sector. AT&T and Verizon Communications Inc. came under pressure after MarketWatch said SpaceX’s move into mobile weighed on the group, with analysts now saying the threat could drag through 2027.
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04 Jul
Oklo (NYSE:OKLO) heads into the week after DOE approval as $1.65 billion short position looms

Oklo (NYSE:OKLO) heads into the week after DOE approval as $1.65 billion short position looms

Oklo Inc. heads into the next U.S. session with a bit of a standoff. The company landed a true regulatory win, but the stock failed to jump, and shorts are still hanging on to a big reported position. The NYSE didn’t open Friday, July 3, for Independence Day, and Saturday wasn’t a trading session. Thursday’s close was the last regular price. Google Finance listed Oklo at $52.36, down 0.17%, in a $50.69 to $56.34 band. Volume hit 9.68 million shares. Market cap stood at $9.11 billion.
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04 Jul
Oracle stock’s $638 billion backlog fails to stop worst selloff in years

Oracle stock’s $638 billion backlog fails to stop worst selloff in years

Oracle Corporation enters the long U.S. holiday weekend with an odd split in its numbers: contracted demand has grown larger than the company’s market value, while the stock has kept falling. U.S. equity markets were closed Friday, July 3, for Independence Day observed, with normal NYSE and Nasdaq hours listed as 9:30 a.m. to 4:00 p.m. ET on regular trading days. Oracle’s last regular-session print was Thursday’s $140.27 close, down 1.56%, after touching an intraday low of $138.83. Volume was 44.27 million shares, about 56% above Google Finance’s listed average volume of 28.37 million.
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04 Jul
ExxonMobil Holdings (NYSE:XOM) Texas-parent shares begin trading ahead of next profit report

ExxonMobil Holdings (NYSE:XOM) Texas-parent shares begin trading ahead of next profit report

ExxonMobil Holdings Corporation started trading as the new public parent of the Exxon oil group, ending Thursday up 0.59% at $137.09 after a July 1 redomiciliation that moved the parent to Texas, while keeping the NYSE “XOM” ticker. The SEC filing showed each old ExxonMobil share converted into one share of ExxonMobil Holdings, with the new parent now taking ExxonMobil’s spot as the listed company on the New York Stock Exchange. NYSE-listed shares were closed Friday as U.S. markets were shut for Independence Day on July 3. That meant Thursday’s close was the last trading mark ahead of the weekend, so the new parent company only got a four-day debut, not a full week.
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04 Jul
Cisco (NASDAQ:CSCO) drops $4.32 in short week, dividend in focus

Cisco (NASDAQ:CSCO) drops $4.32 in short week, dividend in focus

Cisco Systems, Inc. heads into the week with only a minor dividend and faces another price test. U.S. equity markets were closed Friday for the Independence Day holiday observed on July 3. The NYSE has July 3, 2026, listed as the Independence Day market holiday. Cisco ended Thursday down 3.69% at $112.69, off $4.32 for the day. Google Finance showed the after-hours price at $112.48 and noted the company’s next ex-dividend date as July 6, with a $0.42 quarterly payout. MarketWatch called it Cisco’s third drop in a row, putting shares 13.56% below their 52-week high of $130.37 from June 4.
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04 Jul
Gasoline crunch brings big gas stations, fuel margins into investor view

Gasoline crunch brings big gas stations, fuel margins into investor view

Investors tracking crude could miss what’s happening in fuels. Gasoline supply, retail margin, and store visits matter too. Russia is rationing after its refineries were hit. U.S. travel centers want people to use the pump as a way into buying food, coffee and other high-margin items. AAA reported regular gas at $3.81 a gallon Saturday. That’s down from $4.24 last month, but more than the $3.15 seen a year ago. Diesel at $4.80. Crude isn’t leading the moves lately. Brent ended Friday at $71.94 and U.S. West Texas Intermediate closed at $68.78, both about flat for the week. RBOB gasoline’s front-month contract was last at $2.9531 a gallon. The EIA put the July 1 Gulf Coast 3:2:1 crack at $58.12
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04 Jul
Chevron CVX outpaces Exxon on Q2 yield, but holiday week lags

Chevron CVX outpaces Exxon on Q2 yield, but holiday week lags

U.S. stock markets closed Friday because the New York Stock Exchange put July 3 down as the observed Independence Day holiday for 2026. Chevron Corporation only had four trading sessions this week, with Thursday’s action standing out more. Chevron jumped 2.12% to $169.20 on July 2, but shares still finished down 1.1% from the June 26 close. Exxon Mobil added 0.4% over that same period. The SPDR S&P 500 ETF Trust moved up 2.2%.
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04 Jul
Coca-Cola closes at record as KO gets bigger role in staples ETF ahead of July earnings

Coca-Cola closes at record as KO gets bigger role in staples ETF ahead of July earnings

The Coca-Cola Company closed the holiday week at $84.14, which Macrotrends shows as its highest close ever. The NYSE was closed Friday, July 3, for Independence Day since July 4 was a Saturday. U.S. stocks reopen Monday. KO’s move Thursday wasn’t just another defensive trade. The stock’s gain boosted returns for passive staples investors more than PepsiCo Inc., since Coca-Cola has more influence in the Consumer Staples Select Sector Index tracked by XLP. State Street showed Coca-Cola had a 6.96% index weight as of July 2, with PepsiCo at 4.52%.
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04 Jul
Walmart (NASDAQ:WMT), Target (NYSE:TGT) stay open on July 4; Costco (NASDAQ:COST) shuts

Walmart (NASDAQ:WMT), Target (NYSE:TGT) stay open on July 4; Costco (NASDAQ:COST) shuts

U.S. retailers open on July 4 caught a bump in holiday demand, but it didn’t last long. Costco stuck to its usual policy and closed on Independence Day. Chick-fil-A stayed dark for Sunday, as always. For investors, store traffic matters. NRF’s new survey found 87% of U.S. shoppers expected to celebrate the holiday, spending a record average of $94.41 on food. AAA said 72.2 million people were set to travel at least 50 miles, including 61.4 million by car. “Record volumes this year,” AAA Travel Vice President Stacey Barber said.
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04 Jul
Kroger (NYSE:KR) Giant Eagle deal set at 0.18 sales multiple

Kroger (NYSE:KR) Giant Eagle deal set at 0.18 sales multiple

Kroger Co is picking up Giant Eagle for what looks like a cheap price compared to the revenue involved. The bigger question for investors is if the chain can use that low multiple to boost margins in two grocery markets where Walmart Inc is already a strong rival. Kroger said it will buy Giant Eagle for $1.25 billion in cash and take on about $400 million in liabilities. Giant Eagle runs 197 supermarkets and 11 standalone pharmacies, pulling in around $9 billion in annual sales, with locations in northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. “The strategic fit is clear,” Kroger CEO Greg Foran said, calling it “a well-run” chain. Giant Eagle CEO Bill Artman said the deal
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04 Jul
SpaceX stock feels index pressure with valuation estimates spread from $63 to $310

SpaceX stock feels index pressure with valuation estimates spread from $63 to $310

Space Exploration Technologies Corp. is showing how price can disconnect from sales as index flows and options activity hit the name harder than anything models are tracking. The shares last traded at $162.00, still up from the $135 IPO level, but well off the $225.64 high just after its June debut. Nasdaq Inc. said SpaceX raised $85.7 billion including the underwriters’ overallotment, putting its market value at $2.1 trillion on day one. The shares opened at $150 and closed at $160.95, up 19.2% from the IPO price, according to Nasdaq.
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04 Jul
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.
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04 Jul
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