Meta plans to raise $95 billion through underwritten offerings and an at the market program as it pours capital into AI infrastructure, superintelligence, Muse, its family of apps and its data center business.
American Express posted adjusted earnings of $4.68 per share, beating consensus, but quarterly revenue of $20.06 billion fell 0.34% short. With shares down 12.1% this year, investors now await estimate revisions and management commentary.
Procter & Gamble added more than $20 billion in market value after reporting 4% sales growth, but its roughly 22 times earnings valuation shows investors are paying a steep premium for predictability as technology shares stumble.
Apple is within less than 1% of Nvidia’s market value as the chip giant’s shares retreat and investors question the artificial intelligence trade, putting the iPhone maker within reach of the global corporate crown.
Meta’s new stock structure could help Mark Zuckerberg meet a potential Proposition 40 tax bill while retaining majority voting control, as he commits to eight more years in California and the state’s wealth tax fight approaches Election Day.
Moderna lost as much as 25% despite meaningful cancer vaccine results, as towering investor expectations overshadowed a 42% reduction in recurrence or death risk and strong survival without recurrence among patients receiving the treatment with Keytruda.
Volvo Cars shares sank 26% as collapsing China revenue, U.S. pressures and a 5.6 billion Swedish kronor operating loss pushed the automaker toward 2,500 job cuts and a sweeping regional overhaul.
Musk’s support for combining SpaceX and Tesla has eclipsed weak business results and stirred questions about control, shareholder approval and regulatory resistance, even as special committees begin exploring a transaction between companies valued near $3.5 trillion combined.
Trump claims his second term has forced Google to take him seriously, while the company cites official naming policies. Financial disclosures, inauguration donations and government technology projects reveal a broader relationship between the president and Alphabet.
Anthropic could soon reveal its finances and risks as it advances toward a potential November listing, with Wall Street anticipating a possible $100 billion raise at a $2 trillion valuation despite growing investor caution around artificial intelligence spending.
Goldman Sachs, JPMorgan Chase and Morgan Stanley have seized nearly 80% of leading bank equities revenue as AI trading, hedge fund borrowing, enormous balance sheets and relaxed capital rules strengthen their grip on Wall Street’s booming stock market business.
SpaceX shares rallied 8% after revenue surged 161%, profitability returned and the company's forecast topped analyst expectations. Elon Musk added to the excitement by confirming that SpaceX and Tesla were discussing a potentially historic combination.
Nvidia’s DSX Pod combines seven Vera Rubin racks, liquid cooling and cabling inside a truck transportable container, with the company claiming the system can reduce AI data center deployment time from six months to just 14 days.
CoreWeave shares rebounded after Goldman Sachs upgraded the stock and raised its target to $139, while retail investors accumulated shares and Wall Street pointed to the company’s approximately $104 billion revenue backlog.
Goldman strategist Ben Snider is keeping his 8,000 year end S&P 500 target, implying about 5% upside from 7,659, even as Nvidia, semiconductor stocks, and heavily indebted AI companies face mounting investor scrutiny.
Morgan Stanley raised Amazon’s target to $350, citing faster AWS growth, stronger cloud margins, Bedrock, AI shopping and robotics. The firm sees about 40% upside from Friday’s close, while Amazon reports third quarter results on Oct. 29.