Meta’s post-earnings reversal dragged AI-capex names lower; every holding finished red.
Movers with a reason#
- META — $648.85, −6.98% | early earnings pop reversed as investors balked at negative FCF (−$2.1B), a $175–179B 2026 expense guide, and the new non-voting Class C stock (Meta IR) | Hold (medium) — ads still +26%; spend is the overhang
- AMZN — $250.38, −4.57% | caught in the AI-spending selloff Meta reignited; no company-specific news | Hold (medium) — Q3 report Oct 29 is the real test
Quiet: MSFT −2.2%, RDDT −2.0%, NET −1.2%.
Earnings: MSFT Oct 28; AMZN and RDDT Oct 29; NET Nov 5.