Hewlett Packard Enterprise said its second-quarter revenue hit a record $10.68 billion, a 40% year-over-year increase, beating the $9.82 billion analysts had expected. EPS came in at $0.79 versus $0.38 a year earlier, while shares rose more than 9% in regular trading and climbed as much as 37% in extended hours after the company raised its full-year outlook.

The global artificial intelligence race has reached a historic turning point, reshaping not just corporate hierarchies but the global economic landscape. In an extraordinary market rally, South Korea’s tech titan, Samsung Electronics (KRX: 005930), saw its market capitalization surpass Meta Platforms for the first time.

Alphabet said Monday it will raise $80 billion in equity to expand AI infrastructure, including a $10 billion private placement from Berkshire Hathaway split between Class A and Class C shares. The company also outlined $30 billion in concurrent public offerings and a $40 billion at-the-market program expected to begin in Q3. After the announcement, Alphabet shares fell about 2% in after-hours trading and were down 1.02% at $372.58 at the time of writing.

Japan is set to become the first overseas partner in the U.S. federal Genesis Mission, joining a joint plan to invest $1 billion over five years in AI-driven technology development. A formal announcement is expected in early June when officials from Japan’s education and economy ministries meet the U.S. Department of Energy.

A purported AI-powered crypto trading operation linked to Nathan Fuller is facing SEC scrutiny over claims he raised $12.3 million from investors between 2022 and 2024. The SEC alleges only 3% of the funds went to real trading, while about $6.2 million was used for personal spending and $5.5 million was paid out to earlier investors.

IREN Limited said it finalized $3.65 billion of investment-grade debt on Monday to fund NVIDIA GPU hardware for its multiyear AI cloud contract with Microsoft. The facility combines a $2.10 billion private placement and a $1.55 billion delayed-draw term loan, resulting in a blended borrowing cost of 6.00%. The financing, alongside Microsoft prepayments, covers about 96% of IREN’s $5.81 billion GPU capital spend tied to the agreement.

Anthropic, the company behind Claude, confidentially submitted a draft S-1 to the U.S. SEC on June 1, 2026, marking its first formal step toward an IPO. The company was valued at $965 billion in a $65 billion Series H round held days earlier, while the share count and offering price for the listing have not been determined.

The S&P 500 ended the last trading day of May at a record close, but only 20 constituents posted their own all-time highs, most tied to AI-related themes. Bank of America's Michael Hartnett compared the narrow leadership to March 2000, while May's surge was led by chipmakers such as AMD (+50%) and Micron (+85%).