Stocks to Watch Recap: Alphabet, Nvidia Qualcomm, MGM
π Alphabet agreed to sell $10 billion in stock to Berkshire Hathaway in a private placement.
π° The Google parent plans to use the proceeds plus $70 billion from other equity offerings to scale AI infrastructure and global compute.
π Alphabet shares edged lower afterhours following the announcement of the stock sale.
βοΈ Nvidia unveiled its new superchip at the Computex conference in Taipei, described as the most efficient PC chip ever built.
π€ The new chips will be used to power computers designed for running AI agents.
π Nvidia's shares jumped more than 6% after the unveiling of the new superchip.
π» Shares in six companies working with Nvidia to build laptops using its new chip rallied significantly.
π Dell Technologies led the rally, surging nearly 11% as a partner for the new AI-powered laptops.
πΉπΌ Asustek rose 10% in Taiwan after announcing plans to use Nvidia's new chip in its laptop lineup.
π€ Other partners including Microsoft, HP, Lenovo Group, and Micro-Star International also saw their shares increase.
- Alphabet agreed to sell $10 billion in stock to Berkshire Hathaway in a private placement.
- The company plans to use the proceeds along with $70 billion from other equity offerings to scale AI infrastructure and global compute.
- Nvidia unveiled its new superchip at the Computex conference in Taipei, described as 'the most efficient PC chip ever built.'
- The new chips will be used to power computers designed for running AI agents.
- Nvidia's shares jumped more than 6% following the announcement of the new superchip.
- Shares in six companies that Nvidia will work with to build laptops using its new chip rallied, including Dell which surged nearly 11%.
- Alphabet shares edged lower afterhours following the announcement of a $10 billion private placement sale to Berkshire Hathaway.
- The company plans to use proceeds from equity offerings totaling $70 billion plus the new sale specifically to scale AI infrastructure and global compute, indicating heavy capital expenditure requirements.