Closed · opens Mon 9:30 AM ET
The Marked Chart Wire · Markets
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.
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.
AI Chip Substrates
Tesla and Nvidia are said to back a $2.8 billion expansion of AI chip substrate production at Samsung Electro-Mechanics in South Korea. Nvidia contributes $1.97 billion and Tesla adds $830 million.
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.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.