nvidia launches google while openai expands its platform

Key Takeaways

• Nvidia controls 85% of the AI chip market and is seeing incredible AI demand.
• Alphabet's Google Cloud revenue rose 63% year over year, driving growth.
• Oracle's cloud revenue jumped 44% to $8.9 billion, with a backlog of $553 billion.
• Cerebras Systems, an AI chipmaker and OpenAI partner, plans an IPO with a share price target of $115 to $125.
• OpenAI loaned Cerebras $1 billion secured by warrants.
• Tesla benefits from its stake in xAI, and SpaceX's IPO could net $50 billion to $75 billion.
• Stability AI is working on various AI projects.
• Coinbase is cutting 14% of its staff due to market volatility and increasing use of AI.
• SoundHound AI introduced OASYS, a self-learning AI platform.

Wall Street predicts 20% drop in two AI stocks

Wall Street analysts expect Marvell Technology and Navitas Semiconductor stocks to fall 24% and 55% respectively. Marvell's stock has surged 95% this year, driven by record revenue and earnings. Navitas' stock could see a dip in 2026 but may surge in 2027 due to a partnership with Nvidia. Analysts recommend watching the valuation and looking for a dip.

Alphabet shines as top AI stock

Alphabet's Google Cloud revenue rose 63% year over year, and Google Search posted its best growth in years. The company's stock has more than doubled in the past year, showcasing its comeback as a top AI business. Alphabet's revenue grew at a 22% year-over-year pace, with Google Cloud and Google Search driving growth.

Nasdaq AI rally has room to run

The Nasdaq Composite index has gained 14% in the past month, driven by strong growth in AI companies. Broadcom and ASML are top picks, with Broadcom's custom AI chips seeing robust demand and ASML's EUV lithography machines in high demand for producing advanced chips.

Oracle stock lags AI peers

Oracle's stock is down 6% year to date, despite the company's strong earnings report. Oracle's cloud revenue jumped 44% to $8.9 billion, with infrastructure-as-a-service growing 84% year over year. The company's backlog hit $553 billion, more than four times the level of a year earlier.

Allbirds pivots to AI company

Allbirds sold its shoe business and is emerging as an AI company, NewBird AI. The company secured a $50 million financing agreement to establish its new business. Allbirds' stock surged nearly sevenfold in value after the announcement.

Nasdaq AI rally has room to run

The Nasdaq Composite index has gained 14% in the past month, driven by strong growth in AI companies. Broadcom and ASML are top picks, with Broadcom's custom AI chips seeing robust demand and ASML's EUV lithography machines in high demand for producing advanced chips.

Top AI stocks to get started

Nvidia, Alphabet, and Nebius are top AI stocks to consider, with Nvidia seeing incredible AI demand, Alphabet facilitating AI traffic via Google Cloud, and Nebius growing rapidly. These stocks offer impressive growth potential for long-term investors.

Oracle stock performance

Oracle's stock is down year to date, despite a strong earnings report. The company's cloud revenue jumped 44%, and its backlog hit $553 billion. Oracle's AI infrastructure revenue surged 243% in the quarter.

SpaceX IPO and AI stocks

The upcoming SpaceX IPO could net $50 billion to $75 billion, with the proceeds expected to benefit various companies. Nvidia and Tesla are likely winners, with Nvidia controlling 85% of the AI chip market and Tesla benefiting from its stake in xAI.

DXC Technology's AI pivot

DXC Technology's stock hit an all-time low, but the company is seeking to turn around its fortunes by embracing AI solutions. DXC has launched a restructuring plan to lower costs and improve profitability.

Cerebras Systems' IPO plans

Cerebras Systems, a rival to Nvidia, is planning an IPO with a share price target of $115 to $125. The company aims to list on the Nasdaq under the ticker symbol 'CBRS' and could raise up to $4 billion.

OpenAI partner Cerebras' IPO

Cerebras Systems, an AI chipmaker and OpenAI partner, is on track for a blockbuster IPO. The company's relationship with OpenAI is noteworthy, with OpenAI loaning Cerebras $1 billion secured by warrants.

Coinbase cuts staff amid AI shift

Coinbase is cutting 14% of its workforce, citing volatile markets and the impact of AI. The move reflects a broader trend of economic recalibration within the tech industry.

Coinbase staff cut amid market volatility

Coinbase is cutting 14% of its staff due to market volatility and the increasing use of AI. The company aims to ensure financial stability and operational efficiency.

Pagaya and Sezzle partner

Pagaya Technologies and Sezzle have formed a partnership to integrate Pagaya's AI-driven financial products into Sezzle's point-of-sale platform. The collaboration aims to provide Sezzle customers with access to more financial products.

Wolf & Company AI practice

Wolf & Company has announced Nelson Obando to lead its holistic artificial intelligence practice, providing advisory services around strategy, governance, enablement, and risk management.

SoundHound AI introduces OASYS

SoundHound AI has introduced OASYS, a self-learning, orchestrated agentic AI platform that automates building, orchestrating, evaluating, and improving AI agents across digital and physical channels.

Tevogen Bio surges on AI plans

Tevogen Bio Holdings Inc. is gearing up for the commercialization of its AI training algorithm, PredicTcell, designed to identify immunologically active peptides. The company's stock rallied 11.26% on the news.

Paymentus introduces AI products

Paymentus has introduced products for 'AI-native service commerce,' including BillWallet and Billeo, which aim to redefine the relationship between customers and service providers.

Sources

• Wall Street Says These 2 AI Stocks Could Fall 20% or More. Time to Sell?
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• Oracle Stock Is Still Down Year to Date, As Many AI Stocks Soar. Here's What's Going On.
• Allbirds Is Now an AI Company, and That Should Strike Fear Into Anyone Investing in Its Competition
• Prediction: The Nasdaq's Artificial Intelligence (AI) Rally Has More Room to Run. Here Are the Best Growth Stocks to Own.
• Got $1,000? Here Are Three Incredible AI Stocks to Get Started
• Oracle Stock Is Still Down Year to Date, As Many AI Stocks Soar. Here's What's Going On.
• The SpaceX IPO Will Create a $75 Billion Spending Spree -- These 2 AI Stocks Will Win
• The Artificial Intelligence (AI) Sell-Off Just Created the Cheapest Entry Point for This Stock Since It Went Public
• My Top 2 Generative AI Stocks for Long-Term Investors for May 2026
• AI chipmaker Cerebras targets $115-$125 share price in US IPO, source says
• OpenAI's cozy partner Cerebras is on track for a blockbuster IPO
• Coinbase Cuts 14% of Staff Amid Volatile Markets and AI Shift
• Coinbase to cut 14% of staff over impact of AI and volatile markets
• Pagaya and Sezzle Partner to Integrate AI-Driven Financial Products into Point-of-Sale Platform
• Wolf & Company Announces Nelson Obando to Lead Holistic Artificial Intelligence Practice, Providing Advisory Around Strategy, Governance, Enablement, and Risk Management
• Build an AI agent in minutes: SoundHound rolls out OASYS
• Tevogen (TVGN) Soars 11% as Firm Gears Up for AI Training Commercialization
• Paymentus Intros Products for ‘AI-Native Service Commerce’