Dow, S&P 500, Nasdaq drift higher as Wall Street weighs Fed's next move

🤖 Nebius shares soar 51% in premarket on Microsoft AI deal

Artificial intelligence infrastructure firm Nebius Group soared in U.S. premarket trading on Tuesday, following the company’s announcement of a multi-billion-dollar deal with Microsoft.
Nebius’ stock was up 51% at 10:39 a.m.

The Amsterdam-based firm announced it had struck a multi-year deal with Microsoft worth $19.4 billion to provide cloud computing power for AI workloads. Nebius, which was spun out from Russian internet giant Yandex in 2023, provides graphics processing units - or GPUs - for training AI models.

The deal will be worth $17.4 billion through 2031 to Nebius, which counts the likes of Nvidia and Accel as investors. Microsoft may also acquire additional computing capacity under the arrangement.

Nebius shares climbed 60% Monday in extended trading and continued to surge Tuesday amid investor excitement over the deal. The news also boosted shares of rival AI infrastructure firm CoreWeave, which was up 6.6% in premarket trading. CNBC reports.


📱 An ‘iPhone Air,’ price hikes and AI: What to watch at Apple’s biggest event of the year

The iPhone needs a shakeup. It could get one as soon as September 9, when Apple is expected to announce an all-new slimmer model of the iPhone, potentially called the “iPhone Air,” alongside the iPhone 17 and new Apple Watch models at its marquee annual event.

But the iPhone Air, which Bloomberg reports will be announced at this year’s event, may play a different role.

Rather than setting the stage for the iPhone’s future, an iPhone Air could add more variety to the iPhone lineup for customers who want something different, analysts say. CNN reports.


🛰️ SpaceX deal sends EchoStar’s stock soaring. Why Elon Musk is buying $17 billion in wireless spectrum

Shares of EchoStar Corp. soared Monday after the satellite and wireless company clinched a $17 billion deal to sell spectrum licenses to Elon Musk’s SpaceX, which is looking to enhance wireless coverage.

The two companies are also entering into a long-term commercial agreement that will give EchoStar’s Boost Mobile subscribers access to SpaceX’s Starlink direct-to-cell service. MarketWatch reports.


🚗 Volkswagen to invest up to a billion euros in AI by end of decade

Volkswagen will invest up to a billion euros ($1.2 billion) in artificial intelligence by 2030, feeding the technology into every area of its business in a bid to unlock billions in savings, the German carmaker said on Tuesday.

Volkswagen's investment will go towards AI-supported vehicle development, industrial applications and the expansion of high-performance IT infrastructure, the company said in a statement, adding that the expected savings amount to up to 4 billion euros by 2035. Yahoo Finance reports.


🤖 AI is in 'first inning' and our funding has doubled: Verizon CEO

Verizon Communications (VZ) CEO Hans Vestberg sits down with Yahoo Finance executive editor Brian Sozzi at the 2025 Goldman Sachs Communacopia and Technology Conference for a conversation about the growth in the telecommunication company's wireless and fiber optics businesses, the M&A (mergers and acquisitions) environment, convergence in the media landscape, and AI. Yahoo Finance reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars



ORCL: Oracle
Q1 2026
After Market Close
Estimate: 1.350
Actual: N/A


GME: GameStop
Q2 2025
After Market Close
Estimate: 0.170
Actual: N/A


CGNT: Cognyte Software
Q2 2026
Before Market Open
Estimate: 0.030
Actual: N/A

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