TSMC at AGM: ‘Will Be a Long Time’ Before AI Supply Catches Demand
TSMC CEO C.C. Wei told the June 4 AGM AI demand still outpaces supply, signaling pricing power as Arizona buildout hits $165 billion.
Artificial Intelligence
Alphabet’s $80B AI Raise: Largest Stock Sale on Record
Alphabet’s $80B equity raise—$15B common, $15B convertible preferred, $10B from Berkshire, $40B ATM—is the biggest stock sale ever, all to feed AI.
Broadcom Reports Tonight: $2.3T AVGO and the AI XPU Print
Broadcom prints Q2 FY26 at 5 PM ET. AVGO is at all-time highs, options price a big move, and the AI accelerator number is the only one that matters.
Micron’s $1 Trillion Moment: HBM and the AI Memory Reset
Micron crossed $1 trillion in market cap on June 1, 2026 after a 6.6% pop to $1,035, a 263% YTD gain driven by AI-memory demand.
Marvell’s $177B AI Bet: Q1 Beat, 102.4 Tbps Switch, NVLink
Marvell is up 138% YTD on a Q1 FY27 beat, the industry’s first 102.4 Tbps AI switch, and a widening Nvidia NVLink Fusion partnership.
HPE Surges 23% on Record Q2, Pulls 2028 Targets Forward
Hewlett Packard Enterprise blew past Q2 FY26 estimates with $10.68B revenue and $0.79 EPS, raised FY26 guidance sharply, and said it will hit its 2028 AI targets this year.
Cognition Hits $26B in $1B Series D; Devin ARR Reaches $492M
Cognition raised $1B at a $26B post-money valuation — 2.5x its September 2025 mark — as Devin’s ARR reached $492M with enterprise usage up 50% monthly.
NetApp Surges 22% on Record Q4, AI Data Engine Drives FY27
NetApp jumped 22% to $174.29 after a record Q4 FY26: $1.95B revenue, $1.2B all-flash, and FY27 guidance up to $7.58B on AI Data Engine demand.
Ambarella Falls 21% on Q1 Beat as Guidance Lands In-Line
Ambarella stock tumbled 21% Friday despite a Q1 FY27 earnings beat. In-line Q2 guidance disappointed a market priced for upside.
Okta Surges 23% on Q1 Beat, Raises FY27 on AI Agents
Okta beat Q1 FY27 estimates on $765M revenue and $0.91 non-GAAP EPS, raised full-year guidance, and pitched identity as the control plane for AI agents.