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The Marked Chart Wire · Markets
Markets
Morgan Stanley increased its price target for Meta Platforms to $820 from $775, citing stronger ad performance and AI subscription growth. Analyst Brian Nowak lifted 2027 and 2028 revenue estimates by 1 percent and 2 percent.
AI Stocks
The tech-heavy index dropped 0.8 percent this week, falling 7.3 percent from its monthly high. Bond buying pushed the 10-year yield under 5 percent, while Meta shares slid over 9 percent on infrastructure cost worries.
AI Spending
Tech shares fell on concerns about artificial intelligence spending. Gene Munster maintains the AI revolution is in its early stages and expects Meta to reshape commerce.
Markets
The S&P 500 fell 1.5 percent and the Nasdaq 100 lost 3.1 percent amid rising oil prices. Meta shares dropped 7.6 percent on worries about artificial intelligence costs.
Credit Risk
Credit risk measures for Meta and Tesla reached new highs. The moves followed reports of higher spending plans at Meta and lower spending plans at Tesla.
AI Spending
Tech stocks declined as investors questioned the return on artificial intelligence infrastructure spending, marking the index's weakest session in four months.
Markets
Investors are shifting capital away from artificial intelligence equities toward defensive holdings amid concerns about funding sustainability.
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