U.S. Stocks Open Flat; SpaceX Rallies over 6%, Overtake Amazon By Market Cap

Oracle gained 9.22% on August 3 to close at $141.85, bouncing from its $114.50 low. It has a $638B cloud backlog, IaaS growing 93%, and new contracts with Google, CACI, and Ontario Hospitals. But it is still down 28% YTD. Here is whether the recovery holds.

Marvell announced the launch of next-generation AI memory and storage solutions, a positive catalyst that spurred its stock price to surge to a near half-month high.

TradingKey - As of the close on August 3 ET, Nvidia (NVDA) shares were priced at $206.64, up 2.93%, but remain approximately 13% below the all-time high of $236.54.

TradingKey - Microsoft (MSFT) stock surged after strong Q4 earnings as Azure revenue accelerated to 43%. Robust AI demand, a $678B backlog, and bullish analyst targets continue to support the stock.

TradingKey - AMD (AMD) will report its fiscal second-quarter 2026 financial results after the market closes on August 4 ET. The latest share price stands at $476.15, having retreated approximately 12% from its June highs, though it remains up by more than 100% year-to-date.