Tech stocks today: Google stock falls on plans to raise $80 billion, Nvidia CEO blesses Marvell stock

LIVE Tech stocks today: Google stock falls on plans to raise $80 billion, Nvidia CEO blesses Marvell stock Yahoo Finance Updated Tue, June 2, 2026 at 2:14 PM GMT+2 1 min read GOOG MRVL BRK-B Tech stocks were mixed on Tuesday morning as investors weighed cautious optimism for an extended ceasefire agreement between the US and Iran, quarterly results from chipmakers, and announcements from the annual Computex conference in Taiwan. Alphabet stock ( GOOG , GOOGL ) was in focus Tuesday morning after the tech giant said it plans to raise $80 billion by selling stock, including by offering Warren Buffett’s Berkshire Hathaway ( BRK-B , BRK-A ) $10 billion in shares. Alphabet said it will use the proceeds to pay for its artificial intelligence build-out.

The company plans to spend $180 billion to $190 billion in capex this year. Meanwhile, comments from Nvidia’s CEO Jensen Huang at Computex Taipei continue to move tech stocks. On Monday, software stocks got a lift after Huang said in a keynote address that he believes AI will increase demand for software companies, pushing back against a prevailing view this year that software makers will become obsolete in the age of AI.

PC makers also surged after Nvidia unveiled a new processor — the RTX Spark — for Windows laptops. On Tuesday, Marvell stock ( MRVL ) jumped 19% in premarket trading after Huang called the ‌chipmaker the next "trillion-dollar company. " In the private markets, Anthropic ( ANTH.

PVT ) filed confidential paperwork with the Securities and Exchange Commission to go public, beating rival OpenAI ( OPAI. PVT ) to the punch. Last week, Anthropic announced that it had completed its Series H funding round, valuing the company at $965 billion, making the Claude Code creator the most valuable AI startup in the world.

Investors continue to assess what the looming mega IPOs from Anthropic, OpenAI, and SpaceX ( SPAX. PVT ) mean for the booming AI and tech trade. LIVE 9 updates 30 mins ago Brooke DiPalma, Daniel Howley Amazon sets the stage for its first Prime Day in June since 2021 Amazon ( AMZN ) plans to offer Prime customers megadeals earlier than usual this year as higher fuel costs strain shoppers’ budgets.

The e-commerce giant announced its annual Prime Day event will kick off on June 23 and run through June 26. The sales event is typically held in July. The last time Amazon held its global savings event in June was in 2021.

The company said that after taking into account the World Cup and the 250th anniversary of American independence, the week in June felt right. “Stating it bluntly, more savings now is better than more savings later, and so we're not … shying away from the fact that … having the event sooner means people can save more money sooner,” Jamil Ghani, vice president of Prime, told Yahoo Finance. Read more here.

58 mins ago Grace O'Donnell Alphabet announces it plans to raise $80 billion for AI expenses, selling $10 billion in stock to Berkshire Hathaway Alphabet ( GOOG , GOOGL ) stock edged 2% lower in premarket trading after the company announced late Monday that it plans to sell $80 billion in stock to help pay for its artificial intelligence build-out. In a statement, the company said it will offer $30 billion in underwritten public offerings and $40 billion directly to Class A common shareholders and Class C capital shareholders over time, beginning in the third quarter of this year. The remaining $10 billion was sold to Berkshire Hathaway, the global holding company founded by Warren Buffett and that is now led by Greg Abel.

Alphabet said the proceeds will be used “for general corporate purposes, including capital expenditures to scale AI infrastructure and global compute. ” “The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company’s available supply,” it added. “By scaling its investments, the company seeks to expand its foundational infrastructure to support the significant growth opportunity ahead.

” Alphabet plans to spend $180 billion to $190 billion in capital expenditures in 2026, and capex is expected to “significantly increase” from that level in 2027. Today at 11:46 AM UTC Grace O'Donnell Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company' Marvell Technology ( MRVL ) stock surged 21% in premarket trading on Tuesday ‌after Nvidia CEO Jensen Huang called the ‌chipmaker the next "trillion-dollar company. " Reuters reports: Huang and Marvell CEO Matt Murphy were ​speaking at the Computex week in Taipei on Tuesday.

Marvell's market capitalization, as of last close, was just short of $192 billion, far below the one-trillion mark ‌that Huang touted. Earlier ⁠this year, Nvidia invested $2 billion in Marvell, as part of its efforts to ⁠make it easier for customers to use the custom artificial intelligence chips that the smaller company ​designs with ​Nvidia's networking gear and ​central processors. Marvell last week ‌forecast that its custom chips business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers.

Read more here. Mon, June 1, 2026 at 8:42 PM UTC Grace O'Donnell HPE stock soars 30% higher as AI boom accelerates financial goals Reuters reports: Hewlett Packard Enterprise posted record second quarter results on Monday, prompting the company to accelerate its long-term financial goals by two ‌years, as expansion of AI data centers boosts demand for its servers and ‌networking products. Shares of the company rose 30% in extended trading after HPE also appointed Elliott Investment Management partner ​Christopher Hsu to its board in connection with their cooperation agreement.

Read more here. Mon, June 1, 2026 at 8:40 PM UTC Grace O'Donnell Software stocks gain after Nvidia's Jensen Huang rebuts SaaSpocalypse story Software stocks swung higher on Monday after Nvidia CEO Jensen Huang pushed back against fears of software company obsolescence during his keynote address at an event ahead of the Computex Taipei chip summit. “A lot of people have said, you know, … agentic AI is coming, therefore all of the software companies are going to go out of business.

I said it's exactly the opposite because there are going to be so many agents, the world is no longer limited by the number of people, therefore those agents are going to use more tools than ever,” Huang said. “This is actually an incredible time to be a software company, but the software has to be presented to the agent in a way that the agent can use it,” he added. Earlier today, Yahoo Finance’s Brian Sozzi pointed out that the iShares North American Tech-Software ETF ( IGV ) closed above its 200-day moving average on Friday for the first time since Jan.

7. Software stocks posted strong gains on Monday, with shares of Salesforce ( CRM ), ServiceNow ( NOW ), and Snowflake ( SNOW ) rising 9%. Mon, June 1, 2026 at 5:04 PM UTC Daniel Howley Anthropic files confidential paperwork to go public ahead of OpenAI Anthropic ( ANTH.

PVT ) on Monday said that it filed confidential paperwork with the Securities and Exchange Commission to go public, beating rival OpenAI ( OPAI. PVT ) to the punch. The company said the number of shares it will offer and the stock’s price haven’t been set yet.

“This gives us the option to go public after the SEC completes its review,” Anthropic said in a statement. “The proposed initial public offering will depend on market conditions and other factors. ” The announcement comes just days after Anthropic said it raised $65 billion in its latest funding round at a valuation of $965 billion , pushing it past OpenAI, which was last valued at $852 billion in March.

Read more here. Mon, June 1, 2026 at 11:34 AM UTC Daniel Howley Nvidia debuts RTX Spark processor for Windows laptops, taking aim at Intel, AMD Nvidia ( NVDA ) is taking aim at Intel ( INTC ) and AMD ( AMD ) with the debut of its RTX Spark superchip for Windows laptops. The processor, which includes a Blackwell GPU and Grace CPU, will power laptops from manufacturers including ASUS, Dell ( DELL ), HP ( HPQ ), and Microsoft ( MSFT ) when it lands this fall.

Unveiled during Nvidia’s GTC Taipei event, the RTX Spark, which is also coming to small desktops, is meant for customers running AI applications, content creators, and, importantly, gamers. Nvidia CEO Jensen Huang introduces the RTX Spark laptop during his keynote speech at Computex 2026 in Taipei on June 1, 2026. (I-Hwa Cheng / AFP via Getty Images) · I-HWA CHENG via Getty Images According to the company, the RTX Spark will pack upward of 128GB of memory, a massive amount for any laptop.

Memory serves as a kind of temporary holding area for data the CPU needs to access quickly. Generally, the more memory, the better the overall performance Most laptops generally pack 16GB of memory, though higher-end systems, like a top-of-the-line MacBook Pro, can be outfitted with 128GB. But to get that configuration, you’ll have to shell out a whopping $5,099.

Nvidia hasn’t announced pricing for laptops running its new chip, but it did note that the first systems will target the premium market. However, it will also offer less powerful versions of the RTX Spark with less memory for use in lower-priced notebooks. Read more here.

Mon, June 1, 2026 at 10:10 AM UTC Grace O'Donnell Nvidia CEO Jensen Huang calls AI a 'profit generator': Watch his full keynote address Nvidia CEO Jensen Huang took the stage in Taipei on June 1 to kick of the Computex annual semiconductor trade show to highlight the company’s products, AI factories, and more. “Everything has changed,” Huang said. “So the first idea is that useful AI has arrived.

AI is now a profit generator. AI is now a GDP generator. Behind it is a whole new kind of computing pattern, not just a large language model, but an agent.

Today, almost everything we're going to talk about is going to be based on this. ” Huang touted how Nvidia has evolved from being a GPU company to an AI infrastructure company and highlighted the next-generation Vera Rubin AI platform, calling the system “the most ambitious endeavor in the history of our company. ” Watch Huang’s full keynote address below or on YouTube : Mon, June 1, 2026 at 2:30 AM UTC Daniel Howley The CEOs of the world's biggest chip companies are descending on Taiwan The world’s chip giants are descending on Taiwan for the annual Computex Taipei conference this week.

The gathering, which runs from June 2 through June 5, will likely feature a number of product announcements and industry updates from the likes of AMD ( AMD ), Intel ( INTC ), Nvidia ( NVDA ), and Qualcomm ( QCOM ). Nvidia kicked things off with its own GTC Taipei beginning June 1 with a keynote from CEO Jensen Huang. Nvidia CEO Jensen Huang speaks at the company-wide convention at their T17 and T18 plots in Shilin-Beitou Technology Park in Taipei on May 27, 2026.

(Photo by I-Hwa Cheng / AFP via Getty Images) · I-HWA CHENG via Getty Images The executive has been in Taiwan for the past several days, meeting with corporate partners and hosting an event for Nvidia’s future headquarters in the country called Nvidia Constellation, which will be home to some 4,000 workers. In a statement, Huang noted that the company has dramatically increased spending in the island nation, saying Nvidia will spend upwards of $150 billion a year in Taiwan, up from $10 billion to $15 billion just four years ago, Reuters reported . Read more here for what to expect from Computex Taipei.