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Meta Platforms, Inc.

Meta Platforms, Inc.

$META
NASDAQTechnology

401 stories mentioning Meta Platforms, Inc.Updated 18h ago

Meta is adding AI-powered search ('AI Mode') and new creative editing tools to Facebook, drawing on public posts across its apps.

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Sectors

Sector Update: Tech Stocks Advance Wednesday Afternoon

Tech stocks were slightly higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 0.3%.The Philadelphia Semiconductor index increased 0.4%.In corporate news, Meta Platforms (META) has launched a new personal AI agent called Muse AI, which can send emails, book travel plans, take on goals and continue working after users close the app. Meta shares jumped past 6%.Analog Devices (ADI) has agreed to buy Alif Semiconductor in a $1.35 billion all-cash deal that will add AI-native microcontrollers and fusion processors to its lineup. Shares rose 0.5%.Dell Technologies (DELL) is looking to raise $4 billion in an investment-grade bond sale to refinance its debt, Bloomberg reported. Dell shares added 1.5%.

$ADI$DELL$META
Wire

Market Chatter: Meta Platforms Acquires Stilla.ai to Advance Meta Business Agent

Meta Platforms (META) has acquired Swedish AI startup Stilla.ai to speed up the development of Meta Business Agent, Axios reported Wednesday, citing a person familiar with the matter.Stilla.ai will bring its team and technology to Meta pending the deal completion, the source told the media outlet.Meta Business Agent facilitates transactions on WhatsApp, Messenger, and Instagram, according to the report.Meta did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $650.87, Change: $+37.39, Percent Change: +6.09%

$META
Wire

Top Midday Stories: Meta Launches Muse Personal AI Agent; Dow Said to Consider Exiting $20 Billion Chemicals JV With Saudi Aramco

All three major US stock indexes were down in late-morning trading Wednesday, as oil prices climbed, stoking investor fears of rising inflation and a potential corresponding rise in interest rates.The US Treasury Department said Wednesday it will buy back up to $6 billion of longer-dated government debt, triple the amount initially communicated to market participants, according to media reports.In company news, Meta Platforms (META) has launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans, take on goals and continue working after users close the app. Meta shares were up 6.3% around midday.Dow (DOW) is considering plans to exit its $20 billion chemicals joint venture with Saudi Aramco, Bloomberg reported Wednesday, citing people familiar with the matter. Dow held a 35% stake in the venture, known as Sadara Chemical, as of last year, with Aramco holding the remainder, the report said. Saudi Aramco could acquire Dow's stake, or other strategic or financial investors could place bids for it, the report said, citing the people. Dow shares were down 1.2%.Chewy (CHWY) reported fiscal Q2 adjusted earnings Wednesday of $0.36 per diluted share, up from $0.33 a year earlier and matching the FactSet consensus analyst estimate. Fiscal Q2 net sales were $3.33 billion, up from $310 billion a year ago and above the FactSet consensus of $3.32 billion. An unidentified Chewy executive said on an earnings call with analysts that the company reset its expectations to reflect more cautious consumers earlier this year, and it is "not assuming a meaningful consumer recovery for the balance of this fiscal year," according to a FactSet transcript of the call. Chewy shares were down 9%.Apple (AAPL) is expected to unveil its first foldable phone, potentially called the iPhone Ultra, as well as the iPhone 18 Pro and Pro Max at 1 pm on Wednesday at an event, multiple media outlets reported. Separately, Apple, Alphabet (GOOG, GOOGL) and other major technology platforms will be required to stop children from taking, sharing or viewing nude images on their phones and tablets under proposed UK legislation, said Lisa Nandy, UK secretary of state for digital, culture, media and sport, Tuesday in a speech to Parliament. Apple shares were down 1.3%, while Alphabet's Class C and Class A shares were down 2.6% and 2.7%, respectively.UnitedHealth Group (UNH) sold an interest in some of its Optum Health operations in Florida to TPG (TPG), Bloomberg reported Wednesday. UnitedHealth shares were down 2.5%, while TPG shares were down 3.4%.Price: $652.46, Change: $+38.98, Percent Change: +6.35%

$AAPL$CHWY$DOW$GOOG$GOOGL$META$UNH
Sectors

Sector Update: Tech Stocks Decline Premarket Wednesday

Technology stocks were declining premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.6% and the iShares Semiconductor ETF (SOXX) 1% lower.Meta Platforms (META) shares were up more than 4% after the company launched a new personal artificial intelligence agent to help users complete tasks and pursue goals.Alphabet's (GOOG, GOOGL) Google will pour at least 13 billion euros ($15.1 billion) into AI infrastructure in Finland in 2027 through 2028, the company said. Alphabet stock was down more than 1% pre-bell.Lyft (LYFT) appointed Michael Brous as chief financial officer, effective Sept. 28. Additionally, the company reaffirmed its guidance for Q3, expecting quarterly gross bookings between $5.50 billion and $5.67 billion and adjusted EBITDA of $183 million to $203 million. Shares of Lyft were down more than 2% premarket.

$GOOG$GOOGL$LYFT$META$SOXX$XLK
Sectors

Sector Update: Tech

Technology stocks were declining premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.6% and the iShares Semiconductor ETF (SOXX) 1% lower.Meta Platforms (META) shares were up more than 4% after the company launched a new personal artificial intelligence agent to help users complete tasks and pursue goals.

$META
Asia Markets

Update: US Equity Futures Fall Pre-Bell as Brent Crude Surpasses $100 per Barrel

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Wednesday as oil prices continued to rise amid escalating attacks between the US and Iran in the Middle East, with Brent crude futures surpassing $100 per barrel for the first time in over a month.Dow Jones Industrial Average futures were 0.7% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.6% lower.US Central Command said in a post on X Tuesday that it had destroyed five Iranian oil carriers. In response, Iran said it had attacked 10 ships in the Strait of Hormuz, Reuters reported. Iran-backed Houthi forces have also struck four cities in Saudi Arabia, causing fires at oil installations.The US is moving to block some Canadian imports of alcoholic beverages, motorcycles and dairy products in an escalation of the trade war between the two nations after Canada's retaliatory tariffs took effect on Tuesday. The import bans go into effect on Sept. 29.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.9% at $100.78 per barrel and US West Texas Intermediate crude 3% higher at $95.83 per barrel.The Q2 Census Bureau services survey is slated to be released at 10 am ET.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.3% higher. Meanwhile, the UK's FTSE 100 was down 1.1%, and Germany's DAX index was 1.7% lower in Europe's early afternoon session.In equities, Meta Platforms (META) shares rose 5.2% after the company said it launched a new personal artificial intelligence agent to help users complete tasks and pursue goals. ASE Technology (ASX) stock was up 1% after the company reported net revenue of 82.25 billion New Taiwan dollars ($2.61 billion) in August, up 45.7% from a year earlier. BP (BP) shares were 1.7% higher after a Bloomberg report that the company has attracted interest from several potential buyers for its North Sea operations.On the losing side, Amazon (AMZN) stock was down 1.5% after a Bloomberg report that the company launched its first sterling bond sale Wednesday, with a four-part offering expected to price later in the day. HSBC (HSBC) shares dropped 1.6% after a Reuters report citing a company spokesperson that the company is shutting down its transaction services operations in Germany, leading to more than 300 job cuts.

Dow JonesNasdaq CompositeS&P 500$AMZN$ASX$BP$HSBC$META
Insider Trading

Meta Platforms Insider Sold Shares Worth $2,002,508, According to a Recent SEC Filing

Aaron Anderson, Chief Accounting Officer, on September 03, 2026, sold 3,240 shares in Meta Platforms (META) for $2,002,508. Following the Form 4 filing with the SEC, Anderson has control over a total of 6,271 Class A common shares of the company, with 6,271 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1326801/000095010326013672/xslF345X05/ownership.xml

$META
Wire

Top Midday Stories: GE Aerospace to Acquire Consolidated Precision Products; Qualcomm Issues Share Warrant to Amazon

All three major US stock indexes fell in late-morning trading Tuesday as oil prices climbed and investors monitored developments in the US-Iran war and US trade negotiations with Canada.In company news, GE Aerospace (GE) agreed to acquire Consolidated Precision Products from Warburg Pincus and Berkshire Partners for $11.75 billion. GE shares rose 0.5% around midday.Qualcomm (QCOM) issued a warrant to an Amazon.com (AMZN) affiliate last week to acquire up to 25 million shares at $161.26 each, the chipmaker said. Qualcomm is also collaborating with Amazon to produce customized silicon for large-scale AI data centers and optical connectivity products. Qualcomm shares rose 4.6%, and Amazon fell 0.5%.Novartis (NVS) said its phase 3 Harbor study evaluating delpacibart etedesiran in patients with myotonic dystrophy type 1 failed to meet its primary endpoint of video hand opening time. Separately, Monte Rosa Therapeutics (GLUE) will receive a $50 million milestone payment from Novartis after initiating a phase 2 clinical trial of MRT-6160 to treat Sjogren's disease. Novartis shares slumped 13%, and Monte Rosa rose 1.7%.Boston Scientific (BSX) identified a cybersecurity incident affecting certain information technology systems that resulted in a global disruption of its operations. The company expects to recover part of the affected revenue but said it is unlikely to meet its net sales growth and adjusted EPS guidance ranges for Q3 and the full year. Boston Scientific shares fell 4.6%.Meta Platforms (META) has run over 300 paid advertisements allegedly containing child sexual abuse material this year, according to an investigation by the Tech Transparency Project, a nonprofit watchdog organization. Hours after TTP shared its findings with the company, Meta removed about 150 of the ads that were still visible in its database of advertising that has run on its platforms, the group said. Meta shares were little changed.Amgen (AMGN) said its phase 3 DeLLphi-305 study met its primary endpoint with Imdelltra in combination with AstraZeneca's (AZN) Imfinzi, showing a statistically significant and clinically meaningful improvement in overall survival in patients with extensive-stage small cell lung cancer. Amgen shares still fell 9.6%, and AstraZeneca dropped 0.9%.Price: $338.76, Change: $+1.63, Percent Change: +0.48%

$AMGN$AMZN$AZN$BSX$GE$GLUE$META$NVS$QCOM
Commodities

Headwater Energy Secures PPA with Meta for 125 MW Orca Falls Solar Project in Texas

Headwater Energy has finalized a power purchase agreement with Meta Platforms (META) for the 125-megawatt Orca Falls Solar project in Navarro County, Texas, with construction slated for Q3, the company posted on social media over the weekend.The installation will interconnect directly to the Ercot grid through Oncor Electric Delivery and construction on the utility-scale site is scheduled to kick off in the third quarter of 2026, with commercial operations targeted for November 2027, it stated.

$META
Wire

Update: Market Chatter: Meta Platforms Addresses Safety Concerns as Hatch AI Agent Nears Launch

(Updates with Meta's response in the fourth paragraph.)Meta Platforms (META) has expanded safety measures for its upcoming Hatch AI agent after internal testing uncovered instances of unauthorized actions, sensitive-data exposure and other safety concerns, The Information reported Thursday, citing people familiar with the efforts.Meta has delayed Hatch from its initially planned July launch, with the company working to address security and alignment issues identified during employee testing, the report said.Meta is also testing Hatch for risks such as prompt injection and working with external security firms to stress-test the agent ahead of its release, the report added.In a statement emailed to, a Meta spokesperson said, "Internal testing, aka dogfooding, is core to the early product development process-the entire point is to get feedback and implement safety and privacy protections to improve the products before we release them publicly."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $611.94, Change: $+1.26, Percent Change: +0.21%

$META
Nvidia Agrees to Buy Hugging Face in $12.93 Billion Deal
US Markets

Nvidia Agrees to Buy Hugging Face in $12.93 Billion Deal

Nvidia (NVDA) has agreed to acquire artificial intelligence platform Hugging Face in a deal worth up to $12.93 billion as the technology bellwether pledged to foster open-source models in the AI ecosystem.Nvidia will pay roughly $11.9 billion to Hugging Face's shareholders as part of the deal, which includes an equity-based retention program of up to $1 billion for employees joining the chip giant, it said in an 8-K filing. Hugging Face operates a platform for developing and deploying open-source models, datasets and applications, according to Nvidia.Nvidia's shares rose 1.1% in Thursday trade, taking its year-to-date gain to 22%."Together, we will scale Hugging Face's platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide," Nvidia Chief Executive Jensen Huang said in a blog post.Nvidia intends to keep Hugging Face an open platform, with no requirement that Nvidia's compute be used to build or deploy through Hugging Face, Huang said."As the opportunity for open models accelerates, Hugging Face can serve the global AI community at unprecedented scale," according to Huang. "Nvidia's infrastructure, engineering and global reach can help improve platform reliability, safety, model evaluation, inference and deployment capabilities, while preserving the open ecosystem that made Hugging Face foundational."The transaction, which requires regulatory approval, is expected to complete in the first half of next year, Nvidia said in the filing.Nvidia cautioned that government restrictions on the use of open-source models that originated in China could limit the expected benefits of the acquisition."Any regulatory control or other restriction that limits our ability to provide products and services that support models derived from any region, including China, could have a material impact on Hugging Face's platform, as well as a material impact on our business, operating results, and financial condition," the company said in the regulatory filing.The deal comes as major technology companies step up acquisitions to bolster their capabilities. Alphabet's (GOOG, GOOGL) Google agreed in March 2025 to acquire cloud security platform Wiz for $32 billion and completed the transaction in March this year.Meta Platforms (META) announced a deal to acquire AI startup Manus in December 2025. However, Chinese regulators ordered the transaction to be unwound, Reuters reported in August.Earlier this week, Nvidia expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale AI chips.Last month, the tech bellwether reported fiscal second-quarter results that more than doubled from a year ago and topped Wall Street expectations. In the same month, Nvidia announced an expanded partnership to supply 2 million additional graphics processing units for Amazon.com's (AMZN) Amazon Web Services.Price: $227.62, Change: $+3.21, Percent Change: +1.43%

$AMZN$GOOG$GOOGL$META$NVDA
Ciena Lifts Fiscal 2026 Revenue Outlook as Third-Quarter Results Top Street Views
US Markets

Ciena Lifts Fiscal 2026 Revenue Outlook as Third-Quarter Results Top Street Views

Ciena (CIEN) raised its full-year revenue outlook on Thursday as the networking systems and software company reported better-than-expected fiscal third-quarter results.Revenue is anticipated to come in at $6.42 billion, plus or minus $50 million, for fiscal 2026, representing annual growth of 35% at the midpoint. The firm previously projected revenue of $6.2 billion to $6.4 billion, while the current consensus on FactSet is for sales of $6.34 billion.For the quarter ended Aug. 1, Ciena's adjusted earnings surged to $2.11 a share from $0.67 the year before, ahead of the Street's view of $1.73. Revenue climbed 37% to $1.67 billion, topping the average analyst estimate of $1.64 billion."Our record fiscal third-quarter results reflect Ciena's ability to deliver increasingly profitable growth while positioning for future opportunities," Chief Financial Officer Marc Graff said in a statement. "Our expanding supply capacity, strengthening business fundamentals, and increasing operating leverage set the stage to continue to accelerate earnings and deliver long-term value for customers and shareholders."Ciena shares gained 2.8% in the most recent premarket activity.In a client note late last month, B. Riley Securities said it expected Ciena to post a "modest beat-and-raise" in its quarterly results. The company could benefit from "multiple major structural tailwinds," including a customized data center out-of-band management deployment with Meta Platforms (META) that is "highly scalable," according to the brokerage.Ciena's networking platform segment recorded sales of $1.36 billion in the third quarter, up from $941.4 million in the prior-year period, amid growth in optical networking and routing and switching. The global services division saw revenue increase to $193.6 million from $160.2 million year over year.For the ongoing three-month period, the company expects revenue of $1.75 billion, plus or minus $50 million, while the Street is looking for $1.7 billion. Adjusted gross margin is pegged at 45%, plus or minus 50 basis points, compared with the 46.4% recorded in the previous quarter.Last month, Cisco Systems (CSCO) reported fiscal fourth-quarter services revenue below Wall Street's estimates, overshadowing what the networking equipment maker described as record results.

$CIEN$CSCO$META
Wire

Meta Platforms' Teen Harm Settlement Clears Overhang, Engagement Concerns Remain, Wedbush Says

Meta Platforms' (META) settlement of the teen-harm litigation with a coalition of US states clears an investor overhang but leaves concerns over its impact on engagement trends, while other litigation remains pending, Wedbush Securities said in a Tuesday note.Last week, the social media giant reached a settlement deal with a coalition of 52 state attorneys general, covering up to $18 billion in payouts over 10 years, the brokerage said, noting that $5.3 billion of the amount will be applicable if Alphabet's (GOOG, GOOGL) YouTube and TikTok join the framework.The settlement also includes changes intended to protect teens' mental health, including daily usage limits and access restrictions during certain hours, Wedbush noted.The investment firm said the deal could have a limited financial impact as Meta management considers teen monetization to be limited, with teens comprising less than 1% of the company's revenue. Engagement impact, however, could be larger among highly monetized users given the risk of losing engagement and time spent to non-restricted platforms.Wedbush reiterated its neutral rating on Meta Platforms, with a $595 price target.Shares of Meta were up 1.2% in Tuesday afternoon trading.Price: $579.18, Change: $+6.84, Percent Change: +1.20%

$META
Equities

Social Buzz: Wallstreetbets Stocks Decline Premarket Tuesday; Sandisk, Micron Technology to Open Lower

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Tuesday's opening bell.Sandisk (SNDK) fell by 3% pre-bell, following a 5.5% rise at Monday's close.Micron Technology (MU) declined by 1.8% hours before market open, after a 2.8% increase from the previous session.Tesla (TSLA) was 1.1% lower premarket, swinging from a 5.5% increase at Monday's close.Nvidia (NVDA) declined by 1.2% in pre-bell activity, after a 1.5% rise from Monday's session.Meta Platforms (META) was 0.9% lower premarket, after closing Monday with a 1% decline.Amazon.com (AMZN) was down 0.8% in premarket hours, following a 2.5% fall from the previous session.Alphabet (GOOG) fell by 0.5% pre-bell, after closing Monday with a 2.2% decline.DTE Energy (DTE) declined by 0.3% in premarket activity, after a 0.2% decline at Monday's close.

$AMZN$DTE$GOOG$META$MU$NVDA$SNDK$TSLA
Wire

Meta Introduces Muse Code With Added Features

Meta Platforms (META) said Monday it is bringing Muse Code out of beta, with new features and additions.Muse Code now offers inter-session messaging, workflow, and rewind in the command-line interface, a developer preview of the software development kit, and subscription plans, the company said.Muse can handle even more complex multi-session and multi-agent engineering tasks and support a wider range of ways to build, the company added.Price: $572.47, Change: $-5.55, Percent Change: -0.96%

$META
OpenAI's ChatGPT Ads Platform Hits $1 Billion in Annualized Revenue Run Rate
US Markets

OpenAI's ChatGPT Ads Platform Hits $1 Billion in Annualized Revenue Run Rate

OpenAI's ChatGPT Ads platform has reached $1 billion in annualized revenue run rate, the artificial intelligence lab said Monday as it continues to expand the feature globally.In February, the firm announced the start of advertisement testing on ChatGPT in the US to support broader access to the generative AI chatbot's features. Later in the year, OpenAI began testing and expanding the feature to several other countries, including the UK and South Korea."Advertising is one pillar of OpenAI's diversified business model, alongside consumer subscriptions, enterprise offerings, and usage-based (application programming interfaces)," the company said Monday, adding that the platform is used by "tens of thousands" of advertisers.ChatGPT has more than 1 billion weekly active users, the firm added.Advertisers can buy ChatGPT ads directly through Ads Manager in India, Europe, the Middle East and North Africa, effective Monday, according to OpenAI."Our next phase of growth will bring ChatGPT Ads to more markets and introduce additional formats, objectives, buying options, and measurement capabilities," the company said. "We will also explore new ways for businesses to interact with consumers in more native ways in ChatGPT."In February, rival AI startup Anthropic said its Claude chatbot will remain ad-free, instead generating revenue through enterprise contracts and paid subscriptions.Last month, Alphabet (GOOG, GOOGL) reported revenue of $81.63 billion in its Google advertising business for the second quarter, up from $71.34 billion a year earlier. Meta Platforms (META) recorded second-quarter advertising revenue of $59.36 billion, rising from $46.56 billion year over year.Earlier this month, OpenAI said Chief Revenue Officer Denise Dresser would leave, marking the latest executive departure at the ChatGPT maker.Earlier in the year, OpenAI and Anthropic confidentially filed for their respective potential initial public offerings in the US.Last week, news outlets reported that Anthropic plans to unveil its IPO prospectus after Labor Day, with a potential listing late next month or early October.Price: $334.43, Change: $-8.45, Percent Change: -2.46%

$GOOG$GOOGL$META
Softline Retailers to Continue Reaping Gains From AI Boom, UBS Says
US Markets

Softline Retailers to Continue Reaping Gains From AI Boom, UBS Says

US softline retailers should continue to benefit from the ongoing artificial intelligence boom, though recent consumer spending trends could weigh on the sector's performance, UBS Securities said Monday.The massive AI infrastructure buildout, which has fueled a rally in the stock market and growth of the world's biggest economy this year, should also help boost consumer demand for softgoods, UBS analysts, including Jay Sole, said in a note to clients.At the same time, softline companies' AI adoption is driving sales growth and making them cost efficient, they said. "We believe we are more bullish than the consensus is in both areas," the analysts wrote.Hyperscalers such as Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) are spending enormous sums to expand their AI infrastructure footprints globally amid growing demand for AI and cloud services.UBS continues to project a low-double-digit percentage growth in earnings per share this year for the "median industry stock" and deems Wall Street's 2026 forecasts to be "generally too low."However, the brokerage remains cautious on the sector given what appears to be muted consumer spending."August survey data show the current US consumer spending environment is similar (month over month) and this dampens our enthusiasm for softline stocks," the analysts said. "We believe the market needs to see the industry's sales growth rate accelerate in order to catalyze near-term stock buying."Last week, a survey by the University of Michigan showed that US consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future." A separate survey by the Conference Board showed that consumer confidence fell this month amid a decline in the expectations index, with a "more pessimistic" outlook for business conditions and the labor market ahead."August survey results show moderate divergence of spending behavior between lower income and higher income consumers," UBS said Monday. "While lower-income consumers still report relatively resilient softgood spending intentions, most measures of financial well-being, confidence, economic optimism, and quality of life are weaker (versus) middle- and higher-income households."Price: $28.72, Change: $-0.13, Percent Change: -0.45%

$AMZN$BIRK$COLM$DDS$GIL$GOOG$GOOGL$KSS$M$META$MSFT$ONON$PLCE$REAL$SFIX
Wire

Market Chatter: Meta Platforms Takes Down Scam Ads After India Issues Malware Warning

Meta Platforms (META) took down dozens of Facebook and Instagram ads after India warned that sexually explicit scam promotions were steering users to malware, Reuters reported Monday.The ads linked to phishing sites and malicious Android apps capable of steal banking credentials and money, the report said.Meta did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $571.21, Change: $-6.81, Percent Change: -1.18%

$META
Wire

Rocket Names Alessio Sanfilippo as Redfin CEO

Rocket (RKT) has named Alessio Sanfilippo as chief executive officer of its Redfin unit, effective immediately, the company said Monday.Sanfilippo most recently served as vice president of insights for Meta Platforms' (META) Reality Labs, Rocket said.Price: $13.33, Change: $-0.45, Percent Change: -3.23%

$META$RKT
Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.4%.The Philadelphia Semiconductor index climbed 1.6%.In sector news, progress on the creation of a self-regulatory organization for AI companies has stalled within the Trump administration, The Information reported. A draft executive order on the subject has circulated in recent weeks, but it still needs buy-in from a number of senior officials, including the president, the report said.Separately, the Trump administration is considering sweeping new tariffs on semiconductors that could extend to products containing chips, including laptops, gaming consoles and data center servers, Politico reported. Commerce Secretary Howard Lutnick favors tying tariff relief to companies' investments in US chip manufacturing, according to Politico sources. The administration is also considering a phase-in period, while tariff rates and other details remain unsettled, the report said.In corporate news, Nvidia (NVDA) shares jumped past 8% after it posted fiscal Q2 earnings and revenue that more than doubled from a year earlier, and issued a fiscal Q3 revenue forecast above analysts' expectations.CrowdStrike (CRWD) shares popped 19% after it reported higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2027 revenue outlook.Salesforce (CRM) shares surged 23% after it reported a fiscal Q2 beat and boosted fiscal 2027 guidance.Meta Platforms (META) at one point this year internally projected it could spend up to $10 billion annually on Amazon-backed (AMZN) Anthropic's AI models, The New York Times reported. Meta's business would have formed a significant portion of Anthropic's annual revenue, which the company estimated in July would pass $65 billion, the report said. Meta shares were down 1.2%, and Amazon was shedding 1.7%.

$AMZN$CRM$CRWD$META$NVDA

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