Oracle ($ORCL) reported Q4 revenue of $19.2B and adjusted EPS of $2.11, while significantly raising its FY27 capex guidance to $90B–$95B to fund AI data center expansion. Palantir ($PLTR) CEO Alex Karp highlighted the company's enterprise implementation success and noted that Anthropic utilizes Palantir systems. SpaceX ($SPCX) is reportedly seeing massive demand for its upcoming IPO at a $1.8T valuation, with trading expected to begin June 12.

The most active options by contract volume were Tesla ($TSLA), Nvidia ($NVDA), Apple ($AAPL), Amazon ($AMZN), Super Micro Computer ($SMCI), Microsoft ($MSFT), Meta ($META), Oracle ($ORCL), Micron ($MU), and Robinhood ($HOOD). Nvidia ($NVDA) is also expected to provide hardware and financial guarantees for a massive 10-gigawatt OpenAI data center project in Ohio.

Leveraged ETF activity hit record levels, specifically noted in the 3x short semiconductor ETF $SOXS, as well as historical volume references to $QLD and $SSO. While OpenAI and Anthropic are reportedly engaging in a pricing war for AI services, PIMCO is warning of a new credit-loss cycle and currently favors intermediate-term government bonds.