Wall Street: Decent numbers and still under pressure
The Wall Street is weighed down by reports of planned attacks on Iran. Meta is creating a new stock class, which further fuels the fear of an AI bubble.
Wall Street is experiencing significant pressure despite presenting largely solid numbers. The primary concern remains the Middle East, with reports of concrete preparations by the United States and Israel for potential new attacks on Iran driving Brent oil prices to around $112 per barrel. This situation heightens inflation and interest rate risks.
Meanwhile, Meta Platforms is delivering robust operational figures, with revenue up by 26%, exceeding expectations for the fourth quarter. The management highlights that artificial intelligence (AI) is already generating additional advertising revenue. However, the introduction of a new non-voting share class, which could be used for capital raises in the future, keeps the debate on financing AI expansion alive.
Tesla impresses with both profits and a significant increase in usage of its Full Self-Driving (FSD) feature. IBM and Texas Instruments also outperform expectations. A podcast, featured by Handelsblatt, summarises these developments.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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