Meta shares rise for a second straight day as new AI model family impresses
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Key AI buildout trade members, including memory stocks, are down sharply due to a Chinese rival's progress.
- The broader AI trade has been weakening, with semiconductor ETFs on pace for their longest losing streaks since May 2025.
- Meta Platforms is up significantly due to enthusiasm for its new AI model family, Muse Wonder.
- Banks reported mostly healthy earnings, but the stock market reaction was negative for most, except Goldman Sachs.
- Upcoming economic data, including the consumer price index, and more financial earnings reports are on the horizon.