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 &quot;trillion-dollar company,&quot; Hewlett Packard Enterprise shares surged on a quarterly beat and guidance. The anchors discussed highlights from David&#x27;s exclusive interviews with OpenAI CEO Sam Altman and Oracle CEO Clay Magouyrk at Stargate&#x27;s data center in Michigan. Also in focus: President Trump names housing finance chief Bill Pulte as acting director of intelligence, Goldman Sachs says &quot;Sell&quot; Intuit, McDonald&#x27;s new growth strategy, bitcoin falls below $70,000.<br><br>Squawk on the Street Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

9AM Hour: AI Trade: Alphabet's $80B Capital Raise, Huang's "Trillion-Dollar" Comment Boosts Marvell, HPE Surges 6/2/26

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[SPEAKER_06] It's Jim Cramer here. You're listening to the opening bell of CNBC's Squawk on the Street. Don't miss a minute of the action.

[SPEAKER_09] Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Quintanillo with Jim Cramer, David Faber at Post 9 of the New York Stock Exchange. S&P goes for a ninth consecutive daily gain today, although a little pressured in the pre-market. Google's equity raise getting lots of attention. HPE with a blowout. But consumer stocks still lagging. Shake Shack cutting guidance. Oil's down slightly as the president at least says talks with Iran continue at a rapid pace.

[SPEAKER_09] Our roadmap begins with Alphabet, though. This ambitious AI push planning to sell $80 billion in stock, including a $10 billion investment from Berkshire to bolster its AI build-out plans.

[SPEAKER_10] Plus, Jensen Huang's trillion-dollar blessing. Marvell technology is surging in the pre-market because of that. And this is after the NVIDIA said that it could join the ranks of the trillion-dollar club. And why OpenAI? Sam Altman told me he does not think there is a race to go public.

9AM Hour: AI Trade: Alphabet's $80B Capital Raise, Huang's "Trillion-Dollar" Comment Boosts Marvell, HPE Surges 6/2/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

9AM Hour: AI Trade: Alphabet's $80B Capital Raise, Huang's "Trillion-Dollar" Comment Boosts Marvell, HPE Surges 6/2/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.