Alphabet plans $80B stock sale to fund AI build-out as Marvell surges on Nvidia praise
TL;DR Summary
Tech stocks were mixed after Alphabet announced an $80 billion stock sale to fund its AI expansion (including $10 billion sold to Berkshire Hathaway) and Nvidia CEO Jensen Huang praised Marvell as the next trillion-dollar company, sending MRVL higher; other AI-driven moves included HPE jumping on AI data-center growth, Anthropic filing confidential paperwork to go public, and Nvidia unveiling the RTX Spark processor at Computex.
- Tech stocks today: Google stock falls on plans to raise $80 billion, Nvidia CEO blesses Marvell stock Yahoo Finance
- Anthropic files to go public in a potentially trillion-dollar debut CNN
- Anthropic Files to Go Public, Setting Stage for Huge I.P.O. The New York Times
- Anthropic faces AI spending backlash before IPO Axios
- Anthropic’s CFO Krishna Rao is steering one of the most anticipated IPOs ever Fortune
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