The stock market gained ground on Monday as AI-related technology stocks rebounded. Six of the Magnificent Seven mega-cap tech companies posted gains, with Tesla (TSLA) leading the rally after climbing nearly 7%.
Overall, S&P 500 rose 0.7% to 7,537, while Nasdaq increased 1.1% to 26,121.
Tweet of the Day
Our thoughts on the importance of AI sovereignty.
1. Your AI sovereignty dictates your institution’s future. Sovereignty is the precondition for choice. Relinquishing sovereignty transfers the future choices of your institution to others, who are likely to exploit it for their…
— Palantir (@PalantirTech) July 1, 2026
Chart of the Day
Here is the one-year chart of CoreWeave (CRWV) as of May 26, 2026, when the stock was at $106.
CoreWeave said the biggest challenge is no longer finding customers, but finding enough infrastructure to meet demand. Last quarter, the AI compute provider signed more than $40 billion of new customer commitments, pushing revenue backlog to nearly $100 billion, up 284% year-over-year.
Management stated demand remains so strong that CoreWeave is largely sold out of its 2026 capacity, with customers already reserving capacity expected to come online in 2027. The company also said price increased across NVIDIA A100, H100, H200, and L40 GPUs as demand for AI training, inference, and agentic AI workloads keeps accelerating.
CoreWeave believes the limiting factors are now power, labor, memory, storage, and infrastructure deployment speed rather than customer demand, highlighting how tight the AI infrastructure market has become.
CRWV is on the radar for the Growth Portfolio.
