Broadcom Inc. (NASDAQ: AVGO) closed the June 2, 2026, trading session at a record high of $481.57, jumping 4.70% during regular hours before extending its rally up to $495.00 (+2.79%) in after-hours trading. This bullish surge propelled Broadcom's market capitalization to a staggering $2.2 trillion, positioning the semiconductor and infrastructure software behemoth directly ahead of its highly anticipated fiscal Q2 2026 earnings release on June 3.

BlackRock investment executive Rick Rieder said at the CNBC CEO Council Summit in Washington, D.C., on Tuesday that he remains constructive on stocks, arguing cash is still being put back to work and earnings forecasts support the AI-driven rally. He pointed to "20%-plus" projected earnings growth and said buying at current multiples is "actually not that scary," while warning about crowding, momentum trading and heavy market financing.

Anthropic filed a confidential registration for a U.S. IPO on June 1, 2026, putting it ahead of OpenAI in the move toward public markets. The company's valuation rose above $965 billion after a $65 billion round in late May 2026, and both labs are discussed as potential autumn 2026 listings.

Nvidia is extending its AI push beyond GPUs into networking, photonics, and custom silicon, backing suppliers including Marvell Technology with about $2 billion. At Computex in Taiwan on June 2, CEO Jensen Huang called Marvell "the next trillion-dollar company," after which Marvell shares jumped more than 12%. Marvell is forecasting Q2 revenue of around $2.7 billion and sees custom-chip revenue topping $10 billion annually by fiscal 2029.

IBM rose 7.60% today to $320.42 following analyst upgrades and AI momentum. Discover what IBM does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

Hewlett Packard Enterprise said its second-quarter revenue hit a record $10.68 billion, a 40% year-over-year increase, beating the $9.82 billion analysts had expected. EPS came in at $0.79 versus $0.38 a year earlier, while shares rose more than 9% in regular trading and climbed as much as 37% in extended hours after the company raised its full-year outlook.

The global artificial intelligence race has reached a historic turning point, reshaping not just corporate hierarchies but the global economic landscape. In an extraordinary market rally, South Korea’s tech titan, Samsung Electronics (KRX: 005930), saw its market capitalization surpass Meta Platforms for the first time.

Alphabet said Monday it will raise $80 billion in equity to expand AI infrastructure, including a $10 billion private placement from Berkshire Hathaway split between Class A and Class C shares. The company also outlined $30 billion in concurrent public offerings and a $40 billion at-the-market program expected to begin in Q3. After the announcement, Alphabet shares fell about 2% in after-hours trading and were down 1.02% at $372.58 at the time of writing.