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Full-year revenue is expected to be between $11.42 billion and $11.43 billion, whereas the company previously projected $11.28 billion to $11.31 billion. A certain exchange's US stock rose 12% in after-hours trading.

The Nasdaq 100 index provisionally closed up 0.5%. Among its constituents, a comment from Jensen Huang led to Marvell Technology/Broadcom surging 32.2% at the close, Lumentum rising 13.9%, Applied Materials up 7.1%, Cisco and Qualcomm both rising more than 3.4%. Google A fell 3.8%, Autodesk dropped 4.3%, Palantir lost 5.4%, Workday declined 6%, Zscaler was down 7.6%, Thomson Reuters fell 7.9%, Intuit dropped 8.9%, and Strategy was down 9.2%. Caterpillar rose more than 5%, IBM gained over 3%, and Apple climbed about 2.8%, with Cisco leading among Dow Jones constituents. Boeing, Microsoft, Salesforce, and Nike all performed the worst, each falling at least 3%.

Golden Ten Data reported on June 3 that, according to data compiled by institutions, Alphabet (GOOG.O) has launched an $80 billion equity offering to raise funds for artificial intelligence infrastructure construction, which is expected to become the largest equity capital market transaction in history. The joint sale of shares (including common stock, capital stock, and equity-like mandatory convertible preferred shares) is scheduled to be priced later on Tuesday. Its scale will surpass the roughly $70 billion issued in common and preferred shares by Petrobras in 2010. In this deal, the largest single transaction by Google's parent company—a $40 billion "at-the-market" offering—is expected to be initiated in the third quarter. Such offerings allow the company to sell shares on the market at any time without prior announcement, but the amounts raised must be regularly disclosed in regulatory filings.