S&P 500 tech earnings are strong, with profits tracking 29.5% growth and 82% of companies beating estimates last week. However, the market reacted negatively to increased AI spending concerns, causing Meta to drop 7% after raising its capital expenditure guidance and Lam Research to fall 12% on cautious outlooks. The Nasdaq also slid 6%. The Direxion Daily Technology Bull 3X ETF has shown extraordinary long-term gains but with significant volatility and drawdowns. Historical data suggests that timing volatility conditions has not improved gains for this ETF, and while it often rises from late October to year-end, it can also experience large losses.
Meta Platforms trades at USD 614.99 on Pluang as of Oct 31, 2026 17:31 WIB, down 1.53% for the day and closer to its 52-week low of USD 525.72 than its high of USD 777.59. Lam Research is priced at USD 239.11, down 6.01%, and significantly below its 52-week high of USD 433.33 but above its low of USD 139.59. This contrast highlights Meta's relatively smaller daily decline compared to Lam Research, reflecting differing investor reactions within the tech sector during this mixed earnings period.
S&P Global Ratings has assigned a negative outlook to Meta due to concerns over the company's high capital expenditures and negative free cash flow. Meta's credit rating was downgraded from AA- stable to AA- negative, reflecting uncertainty about its...
Big Tech companies like Amazon, Microsoft, Alphabet, and Meta showed strong revenue growth in Q3. However, their stocks have dropped as investors worry about negative free cash flow and heavy spending on AI infrastructure. This raises concerns about ...
Meta Platforms has settled with a teen plaintiff who accused the company of designing Instagram and Facebook to be addictive, causing mental health issues. The settlement occurred just after jury selection began for a trial involving two teens suing ...
Advanced Micro Devices (AMD) has invested $1 billion in Meta's equity raise, strengthening their partnership focused on AI infrastructure. This investment, though just over 1% of Meta's raise, is significant relative to AMD's market cap and cash rese...
AMD's stock performance is more influenced by its accelerating revenue growth, especially in data center sales, than by Cathie Wood's recent trimming of her position. The company's second-quarter revenue rose 50.1% to $11.54 billion, with data center...
