As AI rally wobbles, stock market's spotlight turns to earnings
AI-driven stocks experienced a downturn, prompting Wall Street to focus on upcoming earnings reports from key players like Meta Platforms, Meta, Lam Research, Texas Instruments, and CoreWeave. The market's uncertainty stems from the financing risks tied to AI build-out and the possibility of overpriced capital expenditures. Despite the AI rally's wobble, the S&P 500 remains slightly below its record high, with other sectors picking up the slack.
Investors are eagerly awaiting Meta's strong performance in AI data centers and infrastructure, while semiconductor stocks like Lam Research and Texas Instruments are expected to provide insights into demand.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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