Meta Tumbles 6% on AI Spending Fears, 10-Year Yield Falls Below 5%: Stock Market Today
Meta's higher AI spending plan drags tech lower as Treasurys rally and the 10-year yield drops below 5%. Gold, silver and Bitcoin fall; oil climbs.
Stocks · News reference
Micron (MU) stock drops 6.2% to $857 amid a tech selloff, Taiwan strike risks, and critical support testing at $804. Read key details.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Meta's higher AI spending plan drags tech lower as Treasurys rally and the 10-year yield drops below 5%. Gold, silver and Bitcoin fall; oil climbs.
Micron stock remained on edge, even as Jensen Huang downplayed the potential memory glut fears. Will MU shares rebound?
AI stocks have delivered strong returns but face rising volatility as investors question the sustainability of AI infrastructure spending. The iShares Future AI and Tech ETF (ARTY) offers diversified exposure to 50 leading AI companies across infrastructure, software, and services. While the ETF has surged 130% since its August 2024 restructure, investors should be cautious about concentration risk and its higher 0.47% expense ratio compared to passive index funds.
Procter & Gamble stock jumps more than 6% on Thursday, its biggest one-day gain since March 2020, after first-quarter results. XLP rose 2.6%.
Technology stocks faced pressure last week as AI financing concerns weighed on investor sentiment, causing AI infrastructure providers CoreWeave and Nebius to plunge over 25%. However, semiconductor equipment makers ASML and TSMC signaled robust underlying AI chip demand. Analysts emphasize that investors should focus on companies converting AI spending into sustainable earnings growth, with valuations and growth prospects varying significantly across major tech players.