Amazon announced a $5 billion immediate investment in Anthropic, with up to $20 billion additional tied to milestones, shares up 2.3%.
Marvell Technology shares jumped 2.75% reacting to Amazon’s expanded Anthropic partnership.
Apple disclosed Tim Cook will become executive chairman and John Ternus will succeed as CEO on Sep 1 2026, stock down 0.6%.
AXT, Inc. plans a public offering of common stock, causing its shares to plunge 9%.