US Stocks Mixed as AI Bets and US-Iran Talks Vie; HPE, Marvell Surge on Outlooks

U.S. stocks opened mixed on June 2, 2026, as investors balanced optimism over artificial intelligence investments against cautious monitoring of U.S.-Iran peace negotiations. The Dow Jones Industrial Average rose 0.2%, while the S&P 500 dipped 0.1% and the Nasdaq Composite slipped 0.3% after recent record highs. Hewlett Packard Enterprise (HPE) surged 27% after raising its full-year profit outlook and reporting quarterly results above expectations. Marvell Technology (MRVL) jumped 22% after Nvidia CEO Jensen Huang said the chipmaker could achieve a $1 trillion market valuation. Alphabet (GOOGL) announced an $80 billion equity offering to expand its AI infrastructure, and AI startup Anthropic filed for a potential large IPO. Brent crude fell 1.2% to below $94 a barrel on hopes for a temporary U.S.-Iran deal, though Iran warned it may suspend talks if Israel escalates military action in Lebanon. The 10-year Treasury yield slipped to 4.441%. Victoria’s Secret soared 45% after raising its annual guidance and noting lower tariff costs.