Woofun AI reports that OpenAI increased its projected cloud service spending from $600 billion to $750 billion, alongside a plan to invest over $30 billion in new data center construction. AMD signed a significant agreement with Anthropic, committing a $5 billion investment in chips and capital. Alphabet and Tesla are scheduled to release second-quarter 2026 earnings, with markets focusing on AI returns and profitability. NVIDIA CEO Jensen Huang opposed US bans on Chinese open-source AI models. US stock index futures declined, with Nasdaq 100 futures dropping over 1%.