Wall Street saw a sharp tech selloff led by the Nasdaq as Meta Platforms’ elevated AI capital commitments and free-cash-flow turn triggered broad concerns over returns on massive infrastructure spending; this hit Amazon, Nvidia, Microsoft, Alphabet and Tesla shares while OpenAI advanced a potential $30 billion raise at a $1.25 trillion valuation, Anthropic rolled out its Claude Duet agent, and related merger and compute talks involving SpaceX and Tesla kept AI optimism and capital constraints in focus.
- Meta Platforms: Shares dropped roughly 7% after earnings beat expectations but revealed the first free-cash-flow deficit since its listing and roughly $825 billion in future AI-related commitments; the company also outlined a new class of non-voting shares to help fund expansion.
- Nvidia: Shares fell about 4.4% in the broader semiconductor rout; CEO Jensen Huang noted “off-the-charts” demand for neocloud providers constrained by capital availability, while the company posted a record lobbying quarter.
- Amazon: Shares declined around 4.6% as part of the Magnificent-Seven-linked selloff driven by AI-spending jitters.
- Microsoft: Shares dropped roughly 2.2% amid the same AI-cost concerns; the company separately highlighted a GPT-5-powered diagnostic tool claimed to outperform doctors in certain evaluations.
- Alphabet (Google): Shares fell about 3.1%; OpenAI’s latest GPT-6 / 6.1 models began rolling out in private preview on Google Cloud’s Model Garden, while some DeepMind employees resigned over military AI contracts.
- Tesla: Shares declined after the company cut its annual capital-expenditure forecast and reported lower operating income despite positive free cash flow; special committees were formed to explore a possible merger with SpaceX as AI and robotics spending rose.
- SpaceX: Formed special committees with Tesla to discuss a potential merger; the company was reported to be arranging additional financing for Nvidia chips and exploring U.S. cellular-site deals for a possible wireless-carrier entry.
- OpenAI: Advanced talks for a funding round of up to $30 billion at a $1.25 trillion pre-money valuation (led by Coatue with UAE participation) as a bridge ahead of an IPO; its models arrived on Google Cloud, it posted a record lobbying quarter, and it disclosed internal agent-monitoring incidents.
- Anthropic: Opened a research preview of Claude Duet, a proactive background agent powered by Opus 5.5 for U.S. Pro and Max users; the company also posted a record lobbying quarter and continued IPO-related speculation.
- Canva: Launched Craft, its first AI image-generation model trained on human-designed templates and made available to all users.
- Hugging Face: Released Carbon-X, an open 14-billion-parameter genomic language model that answers DNA-related questions in natural language.
- Palantir: Faced European concerns after stating it cannot shut down a NATO AI system, highlighting dependence on U.S. technology.
- Samsung Electronics: Named among Nvidia’s substrate-expansion partners for capacity increases; its shares faced pressure in the broader Asian semiconductor selloff.
- Spotify: Highlighted its strategy to become the preferred music service for AI agents.
- Rivian: Acquired a world-model startup to accelerate self-driving simulation capabilities.
