9am Hour: AI Trade: Alphabet's $80B Capital Raise, Huang's "Trillion-Dollar" Comment Boosts Marvell, HPE Surges 6/2/26
Squawk on the Street
- Published
- June 2, 2026
- Duration
- 46:28
- Summary source
- description
- Last updated
- Jun 10, 2026
Discusses openai, investing.
Summary
Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding the AI trade: Alphabet plans to raise $80 billion in equity capital to fund AI investments, shares of Marvell Technology soared after Nvidia CEO Jensen Huang called the chipmaker the next "trillion-dollar company," Hewlett Packard Enterprise shares surged on a quarterly beat a…
Cramer and Faber dissect Alphabet's $80B equity raise, Jensen Huang's trillion-dollar Marvell blessing, Sam Altman's AI confidence, and a surprise White House intelligence appointment.
Key takeaways
- Alphabet is raising ~$80B in equity (including a $10B Berkshire investment) to fund AI infrastructure CapEx projected to exceed $180-190B in 2026 and grow further in 2027, signaling a capital-intensive arms race among hyperscalers.
- Jensen Huang's public endorsement of Marvell Technology at Computex drove a ~20-25% pre-market surge, illustrating how a single influential voice can move markets—raising concerns about valuation discipline in the AI sector.
- Sam Altman indicated OpenAI's Stargate project (est. $45-50B for one site) is on or ahead of schedule, and revised his jobs narrative—arguing companies adopting AI most aggressively are actually hiring more, not less.
Why this matters
The convergence of hyperscaler equity raises, AI infrastructure mega-projects, and surging valuations based on executive endorsements signals a capital allocation inflection point that B2B investors and enterprise technology buyers must monitor for both opportunity and systemic risk.
Entities
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9am Hour: AI Trade: Alphabet's $80B Capital Raise, Huang's "Trillion-Dollar" Comment Boosts Marvell, HPE Surges 6/2/26
Squawk on the Street
June 2, 2026
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Show notes
Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding the AI trade: Alphabet plans to raise $80 billion in equity capital to fund AI investments, shares of Marvell Technology soared after Nvidia CEO Jensen Huang called the chipmaker the next "trillion-dollar company," Hewlett Packard Enterprise shares surged on a quarterly beat and guidance. The anchors discussed highlights from David's exclusive interviews with OpenAI CEO Sam Altman and Oracle CEO Clay Magouyrk at Star
Themes
- openai
- investing