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Microsoft unveils Majorana 2, citing 1,000x qubit reliability gain and 2029 roadmap
Microsoft (NASDAQ: MSFT) presented its Majorana 2 quantum chip at its Build conference, saying it delivers a 1,000x jump in qubit reliability and supports a path to scalable systems by 2029. The company said parity lifetimes average about 20 seconds, with some runs reaching up to a minute, and positioned Azure Quantum as the commercialization layer for future fault-tolerant workloads.
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Why Broadcom’s Massive AI Backlog and Alphabet’s $80B Blitz Signal a Multi-Year x86 Displacement
Broadcom Inc. (NASDAQ: AVGO) closed the June 2, 2026, trading session at a record high of $481.57, jumping 4.70% during regular hours before extending its rally up to $495.00 (+2.79%) in after-hours trading. This bullish surge propelled Broadcom's market capitalization to a staggering $2.2 trillion, positioning the semiconductor and infrastructure software behemoth directly ahead of its highly anticipated fiscal Q2 2026 earnings release on June 3.
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BlackRock's Rick Rieder says AI-led stock rally looks less risky than dotcom
BlackRock investment executive Rick Rieder said at the CNBC CEO Council Summit in Washington, D.C., on Tuesday that he remains constructive on stocks, arguing cash is still being put back to work and earnings forecasts support the AI-driven rally. He pointed to "20%-plus" projected earnings growth and said buying at current multiples is "actually not that scary," while warning about crowding, momentum trading and heavy market financing.
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Nvidia’s $2B shift into AI networking puts Marvell Technology in focus
Nvidia is extending its AI push beyond GPUs into networking, photonics, and custom silicon, backing suppliers including Marvell Technology with about $2 billion. At Computex in Taiwan on June 2, CEO Jensen Huang called Marvell "the next trillion-dollar company," after which Marvell shares jumped more than 12%. Marvell is forecasting Q2 revenue of around $2.7 billion and sees custom-chip revenue topping $10 billion annually by fiscal 2029.
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