This week’s biggest message is simple: AI is no longer a software story. It’s a capital markets story, an energy story, and increasingly a supply chain story.

• Alphabet's $80 billion raise

• AI capex becomes the moat

• The real bottleneck is physical

• Power risk moves to center stage

• Who benefits right now

• Cybersecurity gets pulled higher

• Microsoft expands the stack

• Market internals are getting less healthy

• Bitcoin and speculative risk appetite

• What to watch next

Sources:

• Squawk on the Street — 9AM Hour: AI Trade: Alphabet's $80B Capital Raise, Huang's "Trillion-Dollar" Comment Boosts Marvell, HPE Surges 6/2/26: https://www.cnbc.com/

• Closing Bell — AI, Cybersecurity and Capital Flows Shape the Market 6/2/26: https://www.cnbc.com/

• Closing Bell — Closing Bell: Can Anything Derail this Record Rally? 6/2/26: https://www.cnbc.com/

• Halftime Report — How to Trade the Market Momentum 6/2/26: https://www.cnbc.com/

• Squawk on the Street — CNBC Investing Club: Cramer’s Morning Take on Marvell Technology 6/2/26: https://www.cnbc.com/

• Worldwide Exchange — Morning Call 6/2/26: https://www.cnbc.com/

• Squawk Pod — Tariffs with the USTR & Prediction Markets with the CFTC 6/2/26: https://www.cnbc.com/

• Squawk on the Street — 11AM Hour: HPE CEO on Earnings, Generac CEO on Power Deal & IHG CEO on Travel Demand 6/2/26: https://www.cnbc.com/

• Power Lunch — Major averages move higher as the S&P 500 is on pace for its longest weekly winning streak since 1985 6/2/26: https://www.cnbc.com/

• The Exchange — The Exchange 6/2/26: https://www.cnbc.com/

• CNBC's "Fast Money" — Bitcoin & Crypto Trade Crumbles… And Opportunity In Commercial Real Estate 6/2/26: https://www.cnbc.com/

• Squawk on the Street — 10AM Hour: Nvidia CEO Picks Next Trillion Dollar Company, Robinhood CEO, Early Anthropic Investor on IPO 6/2/26: https://www.cnbc.com/