AI Stocks — 6/3/2026

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#1MRVL — Marvell Surges 33% After Jensen Huang Calls It "Next Trillion-Dollar Company"

Nvidia CEO Jensen Huang took the Computex stage in Taipei and declared Marvell the "next trillion-dollar company," citing its networking and connectivity chips as essential AI data-center fabric. MRVL surged 32.5% intraday to $290.79 — its best single day ever — adding roughly $60B in market cap in one session, with after-hours shares extending to approximately $319. Nvidia has invested $2B in Marvell and related photonic technology firms; Marvell's custom chip business is tracking toward $10B-plus in annual revenue by FY2029.

🔗 CNBC

#2NVDA — Nvidia Debuts RTX Spark PC Chip at Computex; Stock Surges 6%-Plus

Jensen Huang unveiled the RTX Spark at Computex 2026 — Nvidia's first chip purpose-built for consumer PCs, co-developed with MediaTek and Microsoft — sending NVDA up more than 6% on the session. He also confirmed the Vera Rubin AI server platform moves into full production this fall, with Anthropic, OpenAI, xAI, Dell, Oracle, and CoreWeave as first customers. FY2026 revenue hit $215.94B, up 65% year-over-year, and consensus price targets now imply roughly 33% further upside from the prior close.

🔗 GuruFocus

#3AVGO — Broadcom Q2 Earnings Tonight; AI Revenue Guided to $10.7B, Up 140% Year-Over-Year

Broadcom reports Q2 FY2026 results after today's close with AI semiconductor revenue guided at approximately $10.7B — a 140% year-over-year jump — and total revenue expected around $22B, up 47% YoY. The stock gained roughly 7.6% ahead of the print on top of Q1's already-strong $8.4B in AI revenue, up 106%. CEO Hock Tan has stated the company has "line of sight" to AI revenue clearing $100B in 2027, backed by a $73B AI backlog across six hyperscalers including Google, Meta, OpenAI, and Anthropic.

🔗 Yahoo Finance

#4MSFT — Microsoft Opens Build 2026 with 7 AI Models, Scout Assistant; Morgan Stanley Sees 52% Azure Upside

Microsoft traded at $452.35 as Build 2026 kicked off, with Morgan Stanley separately flagging 52% upside in Azure cloud revenue. New launches include seven proprietary AI models for developers covering reasoning, code generation, and text-to-image synthesis, plus Scout — an autonomous assistant for email and scheduling — and Agent Mode for Office 365 Copilot rolling out to subscribers in late June. Most recent quarter: Azure grew 31%, total revenue $61.9B up 13% YoY, as Microsoft executes against $190B in full-year AI infrastructure capex.

🔗 TechTimes

#5AMD — Barclays to $665, Mizuho to $615, TD Cowen to $600; Meta Signs $60B Multi-Year GPU Deal

A wave of analyst upgrades hit AMD on June 1 and 2: Barclays raised its target to $665 from $500, Mizuho to $615 from $515, and TD Cowen to $600 from $500 — all citing the Helios rack-scale AI platform shipping in Q3 2026. The catalysts behind the consensus upgrade: Meta committed to an estimated $60B in AMD Instinct MI450 deployments over multiple years, and OpenAI signed a multi-year GPU capacity agreement. AMD shares are up roughly 267% year-to-date.

🔗 The Globe and Mail

#6TSM / ASML — TSMC Net Profit Up 58% Year-Over-Year; Raises 2026 Outlook; ASML EUV Orders Accelerating

TSMC reported net profit up approximately 58% year-over-year on AI chip demand and raised its full-year 2026 revenue outlook, while ASML confirmed accelerating EUV lithography tool orders tied to AI capacity expansion. Together the two reports triggered a broad semiconductor rally — Nvidia, AMD, and Broadcom all caught sympathy bids — and pushed Taiwan's TAIEX index to a record high above 45,337 points, with futures briefly clearing 46,000.

🔗 TipRanks

#7PLTR — Palantir Falls 5.7% Despite Q1 Beat; HSBC Cuts to $151 While Rosenblatt Holds $225 Buy

Palantir reported Q1 2026 EPS of $0.33 versus the $0.28 consensus on revenue of $1.633B — an 85% year-over-year beat — and the stock still fell 5.74% on June 2. HSBC downgraded to Hold with a target cut to $151 from $205, citing intensifying AI software competition; Rosenblatt Securities reaffirmed Buy at $225, calling the ontology platform a durable competitive moat. A Palantir director separately filed a $505,730 insider stock sale on the same day.

🔗 Capital.com

#8CRWD — CrowdStrike Reports Q1 FY2027 After the Bell; Street Expects $1.11B Revenue, $0.66 Adjusted EPS

CrowdStrike delivers Q1 FY2027 earnings after today's close with consensus at approximately $1.11B in revenue and $0.66 adjusted EPS; net new ARR above $250M is the headline metric the market will trade on. The company crossed the $5B ending ARR milestone last quarter with net new ARR of $331M, up 47% year-over-year. Analysts project roughly 46.6% EPS growth and 23.5% revenue growth year-over-year for tonight's report.

🔗 HeyGoTrade

#9SNOW — Snowflake Posts 36% Best-Ever Session on AWS AI Deal and Raised Guidance

Snowflake logged its best single-session gain ever — up 36% — after boosting full-year guidance and announcing an expanded AI compute deal with Amazon Web Services in a session last week. AWS margins are widening as Anthropic demand accelerates, lifting the cloud partner ecosystem alongside it. The move recovered a significant portion of Snowflake's April losses, when SNOW and peers including Salesforce, Cloudflare, and ServiceNow each shed more than 50% in a single session on AI-agent disruption fears.

🔗 CNBC

#10ORCL — Oracle Gives Back 4.6% Pre-Market; Q4 FY2026 Earnings Set for June 10

Oracle dropped 4.6% in pre-market trading on June 3, giving back most of its nearly 10% gain from the prior session, which was driven by Nvidia's agentic AI announcements and OpenAI-Oracle data center developments. That Michigan data center project has since drawn scrutiny after reports the AI budget was cut by approximately 57%, which may be weighing on sentiment. The next concrete catalyst is Q4 FY2026 earnings on June 10, where AI cloud infrastructure growth remains the primary narrative.

🔗 24/7 Wall St.

📈 AI Stock News Briefing — Wednesday, June 3, 2026 at 6:15 AM

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