Alibaba raised $10.2 billion through a discounted Hong Kong share placement to fund its AI expansion.

Q1 revenue grew 9% to $39.64 billion, but was below Wall Street’s estimate of $39.89 billion, according to Koyfin data.

Nebius is targeting 5 GW of contracted power by the end of 2026 and said its Bloom partnership could "unlock and expedite" additional sites.

In a post on X, the former hedge-fund manager and well-known short seller wrote that he is “shorting $AAOI on the pop,” adding that “one year of bottleneck on a commodity product does not make a great company.”

Morgan Stanley said that while many investors expect SpaceX shares to fall to $100 as IPO lock-up restrictions expire, such a valuation would imply little or no value for the company’s AI business.

During an interview with CNBC, Jonas said that while SpaceX’s recent cloud compute deals are placeholders, it could face growing competition in the future.

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Despite surging retail interest, SpaceX shares have tumbled more than 25% over a three-day skid, testing the resolve of retail investors as the aerospace giant navigates valuation concerns and its first-ever bond sale.

According to a Bloomberg report, SpaceX has drawn demand worth about $89 billion for its first bond offering.