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(Bloomberg) -- The US Justice Department has closed its antitrust probe into Paramount Skydance Corp.'s $110 billion purchase of Warner Bros. Discovery Inc., according to people familiar with the decision.

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SpaceX IPO Raises $75 Billion in Biggest Debut of All Time US, Iran Edge Toward Interim Deal Signing Close to G7 Next Week Xbox Plans Significant Layoffs as New CEO Plans Overhaul SpaceX Shares Close 19% Higher After Historic $75 Billion IPO Trump Insists Iran Deal Is Close After Scrapping New Strikes

The federal antitrust agency didn't require any changes to the deal, which it had been reviewing for the past several months, according to the people, who asked not to be identified discussing a decision that hasn't been publicly announced.

A group of state attorneys general, led by California, have also been probing the transaction, which would combine two of the five largest Hollywood studios. The states are preparing to sue to block the merger, Bloomberg previously reported.

Justice Department didn't have an immediate comment. Paramount didn't immediately respond to an email seeking comment.

The Justice Department's clearance was expected. The agency under President Donald Trump hasn't sought to block a deal, instead preferring to enter into settlements or allowing mergers to proceed with no conditions.

Paramount head David Ellison met with top antitrust officials, including Acting Assistant Attorney General for Antitrust Omeed Assefi, last month about the deal, according to several people familiar with the meeting. Ellison is the son of Oracle Corp. co-founder Larry Ellison, who is close to Trump.

At the meeting, company executives and lawyers argued the deal would benefit Hollywood and allow the merged entity to better compete against the online streaming services like Netflix Inc., Amazon.com Inc.'s Prime Video and Alphabet Inc.'s YouTube.

Combining Warner Bros. and Paramount would join the two movie studios, two major news networks in CNN and CBS, two rival streaming services with HBO and Paramount+ and dozens of cable networks. Paramount beat out Netflix for the deal after a lengthy bidding war.

The acquisition faces major opposition from Democrats in Washington and many in Hollywood, with actors, directors, producers and writers arguing that the tie-up would result in fewer jobs, higher production costs and less choice for audiences.

Politico earlier reported the Justice Department move.

(Updates with additional details beginning in fifth paragraph.)

Story Continues

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Key Points

Nvidia continues to dominate its industry. Sandisk is thriving from the memory chips shortage. Amazon and Microsoft have thriving cloud computing units. 10 stocks we like better than Nvidia ›

There are several strong artificial intelligence (AI) stock picks available in the market right now. The AI infrastructure build-out is expected to last through at least 2030, so scooping up shares now with a long-term investing mindset is a smart way to approach the current market environment. These five in particular look like solid buys right now.

Image source: Getty Images.

Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »

Nvidia

Nvidia(NASDAQ: NVDA) has been the top AI stock pick since 2023 for a good reason: Its products sit at the core of the AI build-out. Nvidia makes GPUs (graphics processing units), which are the primary computing units deployed in data centers to handle AI workloads. Though it's already the world's largest company by market cap, Nvidia continues to see incredible growth, with its revenue rising 85% in its most recent quarter.

Its growth is far from over, given projections that annual data center capital expenditures will rise to the $3 trillion to $4 trillion range by 2030. That's a major, long-term investing opportunity. With Nvidia's chips likely to be at the center of that, it's well worth buying its shares now.

Sandisk

Because of the AI infrastructure build-out, demand for memory chips now far exceeds supply, and the companies that make those chips are profiting from the shortage. When the supply of any commodity lags behind rising demand, basic economics dictates that the commodity price will soar, and that's exactly why Sandisk (NASDAQ: SNDK) has done so well lately. It makes NAND memory for solid-state drives (SSDs) for long-term data storage in data centers. Its revenues and profits are undergoing monstrous growth, and even though the stock has risen by a tremendous amount over the past year, it doesn't appear to be stopping.

Wall Street analysts expect 336% growth during Q4 of its fiscal 2026 (which ends this month), and 122% in fiscal 2027. With the memory chip crunch expected to persist for years, that makes Sandisk a solid investment pick right now.

Microsoft

Microsoft(NASDAQ: MSFT) used to be one of the more popular investment options in the AI realm. However, the market has lost some faith in it, and the stock is down around 25% from its all-time high. Yet all that Microsoft has been doing is growing its two primary AI divisions.

Microsoft's annual recurring AI revenue (from products like Copilot) crossed $37 billion last quarter, up 123% year over year. Its cloud computing division, Azure, saw 40% revenue growth, reflecting the huge demand for AI computing resources. Microsoft looks like a bargain buy right now, and investors should scoop up shares of this proven winner before it returns to setting new all-time highs.

Meta Platforms

Meta Platforms(NASDAQ: META) is probably the biggest wildcard among the four AI hyperscalers. It doesn't rent out its computing capacity to others, as CEO Mark Zuckerberg claims it's using it all. So, all of its AI spending has gone into boosting its own capabilities, which has worked out well for it on the advertising front.

Meta Platforms operates the social media platforms Instagram, Facebook, Threads, and WhatsApp, and advertising on these platforms generates nearly all of Meta's revenue. Meta has used its AI investments to improve the effectiveness of its ad platform, which has led to solid 33% revenue growth. However, investors want more.

Meta is working on "more" with some products like AI glasses and a personal superintelligence model. If either of these two is a hit, Meta's stock could be primed for a major upside. Even if they don't pan out, Meta's ad business is still a solid reason to buy and hold the stock.

Amazon

Although many may focus on Amazon's (NASDAQ: AMZN) e-commerce business, as an investor, I prefer to look at its cloud computing unit, Amazon Web Services (AWS). AWS provides more than half of Amazon's operating profits, so it's one of its most important business units. In Q1, it grew revenue by 28% year over year -- its best pace in nearly four years. With demand for cloud computing capacity booming and Amazon spending $200 billion on data center capital expenditures this year alone, the growth rate for AWS will likely explode in the next few years.

Given that AWS' profit margins are substantially better than those of the e-commerce segment, this should lead to outsize growth on the bottom line, which is why I expect Amazon to be one of the best-performing stocks over the next few years.

Should you buy stock in Nvidia right now?

Before you buy stock in Nvidia, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $438,283! Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,257,427!

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Keithen Drury has positions in Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Wall Street had one job Friday: watch Space Exploration Technologies (NASDAQ: SPCX) take off.

The Dow Jones Industrial Average (DJINDICES: ^DJI) rose 0.4% by noon ET, while the S&P 500 (SNPINDEX: ^GSPC) added 0.1%. The Nasdaq Composite (NASDAQINDEX: ^IXIC) index dipped 0.1%, weighed down by some familiar names making room for the new kid on the block.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

The indexes bounced around in the morning but never strayed far from flat. The real action was elsewhere. And even a new $2 trillion player rising 23% (as of this writing at 12:19 p.m. ET -- probably some other figure by the time you read this) wasn't able to lift a Nasdaq index dominated by titans in the $4 trillion club.^IXIC Chart

^IXIC data by YCharts

All eyes on SpaceX

Friday's Wall Street feels a lot like rocket-launch days at Cape Canaveral. Everything stood still, awaiting the majestic launch of a massive spaceship. None of the top indexes moved more than 1.2% in the morning, and they all trended back toward breakeven around noon.

SpaceX, for its part, delivered the drama. The official launch price was $135 per share, but trading opened at $168. That's a 22% jump, maxing out at a $2.2 trillion market cap. Elon Musk's combined space exploration and AI business is worth more than Walmart (NASDAQ: WMT) and Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) combined, roughly matching the gross domestic products of Canada or Brazil.

It's the largest public offering ever, and Friday's pop suggests investors wanted in even at that lofty price. And the SpaceX IPO shuffled how deep-pocketed investors allocate their funds today. Mega-caps Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) are down modestly on above-average trading volume, slicing $55 billion and $21 billion off their market caps, respectively. I can't prove this thesis, but I expect a significant portion of these tech titan investments simply moved over to SpaceX.

SpaceX's successful debut bodes well for OpenAI and Anthropic, both of which are expected to go public later this year. If investors will pay $2 trillion for rockets and Starlink, they'll probably show up for chatbots and AI security systems, too.

Iran deal: maybe, maybe not

It took me this long to get into today's geopolitics, because the SpaceX launch seems to have dampened everything else. Again, none of the major indexes is making a big move, and their top components neither soared nor crashed, either.

Story Continues

But there's still plenty of news to share from the Persian Gulf. Oil prices have bounced around today, with the United States Oil Fund (NYSEMKT: USO) currently down 2.1%. Some sources say that the Iranian conflict should end soon, though the Trump administration condemns Iran's recent drone strikes. Conflicting media reports make it difficult to guess what the final peace agreement will look like, or when it will be signed. But investors see hope in the ongoing talks, so oil prices are trending down.Image source: Getty Images.

Friday was SpaceX day and the normally headline-minting market indexes were more of an afterthought. The rotation out of Microsoft and Amazon is worth watching. If SpaceX's gain is just recycled Magnificent Seven money, the net effect on portfolios is a wash. If it's fresh capital entering the market, that's a different story.

SpaceX just proved that investors will show up for a $1.77 trillion debut and bid it even higher. OpenAI and Anthropic are taking notes.

Should you buy stock in Space Exploration Technologies right now?

Before you buy stock in Space Exploration Technologies, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Space Exploration Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $438,283! Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,257,427!

Now, it's worth noting Stock Advisor's total average return is 938% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

See the 10 stocks »

*Stock Advisor returns as of June 12, 2026.

Anders Bylund has positions in Amazon and Walmart. The Motley Fool has positions in and recommends Amazon, Berkshire Hathaway, Microsoft, and Walmart. The Motley Fool has a disclosure policy.

Dow Jones Edges Higher While SpaceX Steals the Show With $2 Trillion Valuation was originally published by The Motley Fool

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SpaceX stock opened at $150, up 11% from the $135 IPO price and valuing the space company at about $1.9 trillion, according to Dow Jones Market Data. That makes Elon Musk's rocket company the sixth most valuable company in America, more than Broadcom and less than Amazon.

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Amazon stock is trading right in between its 50-day and 200-day moving averages, which could provide support and resistance in the coming weeks. Iron condors can work well when a stock trades sideways and volatility remains low or drops. The technology and retail giant operates across e‑commerce, cloud computing, digital advertising and consumer devices.

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Oracle ORCL shares took a sharp hit on June 11, 2026, tumbling between 8% and 10% in a single session following the release of fourth-quarter fiscal 2026 results the previous evening. Shares of Oracle have lost 2.3% in the past six-month period.

The stock, which closed at approximately $201 before the earnings announcement, slid toward the $180-$184 range as investors reacted negatively to the company's aggressive capital spending plans and a large equity fundraise that raised dilution concerns. The pullback dragged the stock further from its 52-week high of $345.72, though it remains above its 52-week low of $134.57. The selloff, coming despite a broad-based earnings beat, underscores a market that is increasingly scrutinizing the cost of Oracle's AI ambitions rather than celebrating the revenue momentum.

ORCL’s 6-Month PerformanceZacks Investment Research

Image Source: Zacks Investment Research

ORCL’s Q4 Results: A Beat With Caveats

Oracle posted record fourth-quarter total revenues of $19.2 billion, up 21% in USD, driven by record cloud revenues of $9.9 billion, up 47%. Within the cloud, infrastructure revenues surged 93% to $5.8 billion, while cloud applications grew 10% to $4.1 billion. GAAP EPS rose 21% to $1.45, and non-GAAP EPS climbed 24% to $2.11. For the full fiscal year, total revenues reached a record $67.4 billion, up 17%, with cloud revenues rising 39% to $34.0 billion. On the AI front, Oracle disclosed that the Oracle Multicloud AI Database grew 404% in the fiscal fourth quarter, making it the company's fastest-growing business ever.

Beyond revenues, Oracle reported a significant AI engagement milestone. Remaining Performance Obligations ended the quarter at $638 billion, up 363% year over year and $85 billion sequentially from the end of the fiscal third quarter. On the product side, Oracle's June 2026 OCI AI update highlighted new capabilities, including the addition of Cohere Rerank 4 and expanded multimodal support, as well as expanded OCI Enterprise AI availability in the UAE Central (Abu Dhabi) region, signaling continued geographic buildout of its cloud infrastructure.

Capex Overshoot and Negative Free Cash Flow Are Real Headwinds

The headline numbers, however, were overshadowed by a financial structure that alarmed investors. Oracle reported $23.7 billion in negative free cash flow for fiscal 2026, with capital expenditures jumping 162% to $55.7 billion — exceeding the company's own $50 billion projection for the year. In the fiscal fourth quarter alone, the company spent $15.9 billion on capital expenditures. Adding to investor unease, Oracle announced plans to raise approximately $40 billion through a combination of debt and equity financing in fiscal 2027, including a previously announced $20 billion at-the-market equity issuance. The prospect of meaningful share dilution, layered on top of already deeply negative free cash flow, is a near-term overhang that investors cannot easily dismiss.

Compounding the concern, management flagged during the earnings call that gross margins will step down due to the timing for the ramp-up of data center projects into their full revenue contribution. This signals that profitability pressure will linger into fiscal 2027 before the contracted backlog begins converting meaningfully into earnings.

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Forward Guidance: Growth Intact Amid Execution Risk

Oracle's guidance for the first quarter of fiscal 2027 calls for total revenue growth of 27-29% and total cloud revenue growth of 57-63% in constant currency, with non-GAAP EPS of $1.72-$1.76. For the full fiscal year, Oracle confirmed prior revenue guidance of $90 billion and raised non-GAAP EPS guidance to $8.05, representing 18% growth. The $90 billion revenue target implies a significant step-up from the $67.4 billion reported in fiscal 2026 and meeting it will require flawless execution across data center ramp-ups, GPU procurement and customer delivery timelines. Oracle also confirmed plans to bring almost one gigawatt of computing power online in the current quarter — roughly equivalent to the total for all of fiscal 2026.

The Zacks Consensus Estimate for ORCL's fiscal 2027 earnings is pegged at $8 per share, marking an upward revision of 0.1% over the past 30 days. The earnings figure suggests 0.83% decline over the figure reported in fiscal 2026.

Oracle Corporation Price and ConsensusOracle Corporation Price and Consensus

Oracle Corporation price-consensus-chart | Oracle Corporation Quote

The $638 billion RPO is a genuine long-term catalyst. However, a significant portion of it involves large-scale AI contracts where customers prepaid for GPU purchases or supplied their own GPUs to Oracle, which alters the traditional economics of how that backlog translates into free cash flow and earnings per share. Investors eyeing a near-term re-rating will need to wait for evidence that the backlog converts cleanly.

Valuation and Competitive Landscape

From a valuation standpoint, ORCL stock is currently trading at a premium with a trailing 12-month Price/Earnings ratio of 31.05x, which is higher than the Zacks Computer - Software industry average of 24.37x. Oracle carries a Value Score of D.

ORCL’s Premium Valuation Raises ConcernZacks Investment Research

Image Source: Zacks Investment Research

Against this backdrop, Oracle faces intensifying competition from three hyperscalers who are simultaneously its cloud rivals and, in some cases, its infrastructure partners. Amazon AMZN is aggressively pursuing AI vertical integration through AWS, while Microsoft MSFT reported strong Azure momentum and confirmed capital expenditures of approximately $190 billion for 2026. Alphabet GOOGL-owned Google Cloud is pushing a full-stack AI approach built on custom TPUs, with Gemini Enterprise recording 40% quarter-over-quarter growth in paid monthly active users and processing more than 16 billion tokens per minute via direct API use. Amazon has expanded Bedrock with Titan Ultra 2, featuring a two-million-token context window, while Microsoft launched Azure Confidential AI with hardware-backed enclaves, reinforcing its position in regulated industries like finance and healthcare. Google Cloud's growing TPU-as-a-service offering, Amazon's recent $50 billion OpenAI commitment that expands AW' AI model access through Bedrock, and Microsoft Azure's deeply embedded Copilot ecosystem collectively represent formidable competition that could challenge Oracle's ability to win new workloads beyond its existing customer base.

Conclusion

Oracle's record fourth-quarter results confirm that the AI infrastructure opportunity is real and the demand is substantial. However, with deeply negative free cash flow, rising equity dilution, compressing near-term margins and an expensive valuation relative to peers, ORCL warrants a Hold stance for now. Investors should monitor how efficiently Oracle converts its record $638 billion backlog into sustainable earnings before adding exposure. ORCL stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Quick Read

Oppenheimer initiated SpaceX with an Outperform rating and $190 price target, implying roughly 40% upside from its $135 IPO price. SpaceX generated $48 billion in revenue across four mutually reinforcing segments: Starlink, launches, AI compute, and Grok. Cloud giants will collectively spend over $700 billion on AI infrastructure in 2026, and SpaceX's Starlink network positions it to capture a share. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

The IPO market has spent years searching for a company capable of reigniting investor enthusiasm. SpaceX (NASDAQ:SPCX) may be that company. After debuting in the largest IPO in history, the aerospace and AI giant immediately became one of the market's most closely watched stocks. While many IPOs struggle to justify lofty valuations, at least one Wall Street analyst believes SpaceX is only getting started.Joe Raedle / Getty Images News via Getty Images

Oppenheimer initiated coverage with an Outperform rating and a $190 price target, implying roughly 40% upside from the company's $135 IPO price. More importantly, the firm's bullish case isn't based on hype. It rests on multiple businesses that are growing simultaneously and could reinforce one another over the next decade.

More Than Just a Rocket Company

Many investors still think of SpaceX primarily as a launch provider. That's increasingly outdated.

According to SpaceX's IPO prospectus, the company generated $47.8 billion in revenue over the last 12 months. What makes the story unusual is that revenue comes from several fast-growing businesses rather than a single product.

Segment Estimated Revenue Contribution Starlink Broadband Largest contributor Launch Services Core aerospace business AI Compute Infrastructure Rapidly expanding Grok AI Platform Emerging growth driver

Oppenheimer's thesis centers on the idea that SpaceX deserves a premium valuation because these businesses complement each other. Starlink provides global connectivity. The launch business continues deploying satellites at a scale competitors struggle to match. Meanwhile, AI services create an entirely new growth engine.

Here's what the numbers tell us. At its IPO valuation of approximately $1.78 trillion, SpaceX traded at roughly 37 times trailing revenue. That sounds expensive until investors compare it with leading AI companies that command premium valuations despite having far slower revenue growth.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

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The AI Opportunity May Be Larger Than Investors Realize

The most interesting part of the SpaceX story may be its AI ambitions. The company already operates one of the world's largest distributed computing and networking platforms through Starlink. That infrastructure creates opportunities that few competitors can replicate.

One potential catalyst is larger AI compute contracts. Cloud giants such as Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG) and Meta Platforms (NASDAQ:META) are collectively expected to spend more than $700 billion on AI infrastructure in 2026. If SpaceX captures even a small portion of that spending through compute partnerships, revenue growth could accelerate beyond current forecasts.

Grok represents another opportunity. Today, most investors focus on OpenAI's ChatGPT and Anthropic's Claude. Yet Grok has an enormous distribution advantage through integration across the SpaceX ecosystem and affiliated platforms. Increased enterprise adoption, subscription growth, and AI agent deployments could create a recurring revenue stream that resembles software economics rather than aerospace economics.

Surprisingly, AI may eventually contribute more to profits than launches. Rocket launches are capital intensive. Software subscriptions generally are not.

Why the Bull Case Isn't Guaranteed

Granted, investors should keep expectations realistic. SpaceX already carries a valuation larger than the entire market capitalizations of many Fortune 500 companies combined. Sustaining growth becomes harder as companies scale.

Competition is also intensifying. Amazon's Project Kuiper continues building its satellite network. OpenAI, Anthropic, Google, and Meta are all competing aggressively in AI. Regulatory scrutiny could increase as SpaceX expands across communications, AI, and aerospace markets.

That said, the company possesses advantages few rivals can match. It controls launch capacity, satellite infrastructure, global connectivity, AI development, and increasingly valuable data networks under one corporate umbrella.

Key Takeaway

In short, Oppenheimer's 40% upside target isn't based on a single breakthrough product. It reflects the possibility that investors are still valuing SpaceX as pieces rather than as an integrated platform company.

The launch business alone is impressive. Starlink is already a global communications powerhouse. The wildcard is AI. If SpaceX signs larger compute contracts, expands Grok adoption, and successfully monetizes its growing infrastructure footprint, today's valuation may prove less aggressive than it appears.

Ultimately, the biggest risk for investors may not be that SpaceX grows too slowly. It may be that Wall Street is still underestimating how many businesses SpaceX is becoming at once.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

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Laffer Tengler Investments CEO & CIO Nancy Tengler joins Yahoo Finance Executive Editor Brian Sozzi on Opening Bid to discuss the broader implications of the SpaceX (SPCX) IPO, from its impact on investors to what the company's public debut could mean for innovation, markets, and society.

Video Transcript

00:00 Speaker A

I there was a great interview with Jeff Bezos where he said, you know, you can hate me because I'm a billionaire, but if you go back and look at what Amazon has done for the average consumer, it's saved time, hassle, money. Um, what how do you put a price on that? So, if we get data centers in space, if if we see half of what's uh outlined in the prospectus with the caveat that there's a definite key man risk factor. Uh I I think you you you can say this has a positive implication uh for society and for uh the average investor. So, I'm I I don't like the political side of the whole thing. I I don't really care. Uh there's a lot of CEOs I own uh stock in their companies and I don't like them as individuals, but that doesn't mean they're not um really good operators of their business and visionaries. I think Elon Musk has proven he is a good operator uh with some time lags and a visionary. And you know, if you just look at the Me

01:04 Speaker A

Mega pack battery business in Tesla, energy storage for renewable energy. That has a profound implication for society and for the average consumer of energy. So, there's a lot of things to love, a lot of things to hate, but in this particular IPO, I think you want to participate and I think it will ultimately be good for society.

01:21 Speaker B

This just an Elon Musk led moment?

01:25 Speaker A

Well, no, I don't think it is. I mean, I I do think SpaceX is really the only vertically integrated AI company. Um they have the capital, they've got the data, large language models, they got the hardware, the manufacturing, uh and the engineering talent. But that said, I think you need um these other companies. We we would be more interested in Anthropic than we would be in in Open AI, but that's today, that could change tomorrow. Um, you know, depending on the arms race in in that business. Um but no, I think there's a lot of interesting uh companies that are sort of in the wings and we it again, with our theme maddoc portfolio, we're really interested in all of these spaces. Um no pun intended. So, space robotics, Quantum and nuclear. So we're looking for opportunities and if when these other companies come public, we'll be looking for an opportunity there.

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Meta Platforms, Inc. (NASDAQ:META) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Cramer mentioned the company while discussing the Magnificent Seven, as he commented:

The hallmark of the Magnificent Seven: bulletproof balance sheets. That's what allowed them to have these robust buybacks. They were tight. They tended not to cascade. These were huge companies, but there wasn't ever a lot of stock for sale… Now, with the exception of Apple and NVIDIA, we have stretched balance sheets galore. Alphabet, after years of buying back stock, issued stock. They might not be the only one of the Seven that needs to raise money. Look, I can make a case that Amazon, Meta, Microsoft, all might want to sell some equity. If I were running the show, I don't know, I don't want to show up at a hyperscaler gunfight with a pen knife. Is there still scarcity value in big tech? Not after SpaceX, then Anthropic and OpenAI, one after another after another.

Photo by Alexander Shatov on Unsplash

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company's portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and virtual and augmented reality products.

While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years

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Quick Read

CEG and CCJ have dropped roughly 20% in the past month, creating potential entry points as hyperscaler contracts and government-backed demand strengthen the nuclear thesis. Four AI hyperscalers collectively plan over $710B in 2026 CapEx, making nuclear the only carbon-free 24/7 baseload source capable of meeting surging data center demand. NLR offers diversified nuclear exposure across utilities, miners, and services, up 133% over five years, though its basket structure caps upside versus high-conviction single-name picks. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Cameco didn't make the cut. Grab the names FREE today.

AI hyperscaler CapEx spending is now the single biggest variable in the U.S. power equation. Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL) are collectively guiding to $710B+ in combined 2026 CapEx, and the EIA's Annual Energy Outlook 2026 now models data center server electricity use growing to 818 billion kilowatthours in 2050, more than 16 times the 2020 level. Nuclear is the only carbon-free, 24/7 baseload generation source that can scale into that demand curve.24/7 Wall St.

The recent selloff in nuclear names has reset entry points across the trade. The three picks below are down sharply from their May highs, even as the long-term thesis (locked-in hyperscaler contracts and government-backed growth) has gotten stronger. Here are three nuclear-linked names worth researching this month.

This infographic provides a tabular comparison of three nuclear energy investments, CEG, CCJ, and NLR, highlighting their current prices, 52-week positions, and analyst targets as of June 10, 2026. These stocks are presented as crucial for meeting the growing power demands of the AI boom.

Constellation Energy (CEG)

Constellation Energy (NASDAQ:CEG) is the largest nuclear operator in the US and, following its January 2026 Calpine acquisition, the largest private power producer in the world with approximately 55 gigawatts of generating capacity. Q1 FY2026 results delivered adjusted EPS of $2.74 against a $2.60 estimate, with revenue of $11.122 billion, beating consensus by 28% and growing 64% year over year.

The bull case sits on contracted demand. Constellation already has long-term PPAs with Microsoft, Meta, and CyrusOne, including a 380 MW signed at Freestone in February with exclusivity for an additional 380 MW. Management reaffirmed FY2026 adjusted operating EPS of $11.00 to $12.00 and is guiding base EPS growth of 20%+ through 2029, with the PJM Reliability Backstop Procurement framework set to enable bilateral data center contracting starting March 2027. CEO Joe Dominguez framed it directly: "America needs reliable, clean power and Constellation is built to meet this demand."

Story Continues

Shares now trade at $242.30, down 19% over the past month and 31% year to date. Reddit sentiment in r/stocks has flipped from neutral post-earnings to bullish (sentiment score 66-68) as the valuation debate intensifies.

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Risk: The nuclear fleet capacity factor slipped to 92% from 94% year over year, long-term debt jumped to $17.5 billion after Calpine, and integration execution is a real overhang.

Cameco (CCJ)

Cameco (NYSE:CCJ) is the world's largest publicly traded uranium miner and owns 49% of Westinghouse, the AP1000 reactor OEM. Q1 2026 EPS came in at $0.33 versus the $0.34 estimate, missing expectations by a hair, while revenue of $606.30 million missed consensus by 26%. Below the headline, adjusted net earnings nearly tripled to $145.59 million and Westinghouse adjusted EBITDA jumped 33% to $122 million.

The demand backdrop is unusually clean. 38 countries have pledged to triple nuclear capacity by 2050, the long-term uranium price has climbed to US$91.50/lb, and Meta has announced agreements for up to 6.6 GWe of nuclear capacity. The US DOE has flagged up to US$26.5B in loan guarantees for nuclear infrastructure, and the Brookfield-Westinghouse strategic partnership is targeting global AP1000 deployment. CEO Tim Gitzel called nuclear "uniquely positioned to meet these needs, providing long-term energy security."

The stock trades at $95.03, off 21% over the past month but still up 49% over the trailing year. The Alpha Vantage analyst target sits at $129.01, with 9 Strong Buy and 10 Buy ratings.

Risk: The valuation is rich at a forward P/E near 91, the Key Lake mill has an extended Q3 2026 maintenance shutdown, and there is an unresolved $559M CRA transfer pricing dispute plus US tariff uncertainty.

VanEck Uranium and Nuclear ETF (NLR)

For investors who want the theme without single-name concentration, the VanEck Uranium and Nuclear ETF(NYSEARCA:NLR) is the diversified vehicle. The fund holds a mix of nuclear utilities, uranium miners, and nuclear services companies, giving it exposure to both the power-generation side (similar to CEG) and the fuel-cycle side (similar to CCJ) in one basket.

NLR trades at $115.52, down 21% over the past month alongside the broader nuclear pullback, but still up 19% year over year and 133% over the trailing five years. The fund's recent drawdown roughly mirrors the moves in its largest single-name constituents, which is exactly the trade-off baskets create.

Risk: Diversification cuts both ways. The basket structure caps upside relative to a high-conviction single-name pick, top-holding concentration means CEG and CCJ weakness will weigh on the fund, and expense ratio drag erodes long-term returns. Current expense ratio and yield figures were unavailable from the fund snapshot at the time of writing, so investors should consult the VanEck prospectus directly before sizing a position.

What to Watch Next

The next catalysts are policy-driven. Cameco's Q2 2026 results are scheduled for July 31, the PJM Reliability Backstop Procurement framework activates in March 2027, and the EIA's High Electricity Demand case projects average annual electricity consumption growth of 2% through 2050. If hyperscaler CapEx holds, the contracted-demand thesis behind each of these names gets stronger, not weaker.

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