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via finance.yahoo.comMarkets

Meta, Tesla and chip stocks decline as AI trade comes under pressure

FROM THE WIRE · FINANCE.YAHOO.COM

Good morning. Stocks declined on Thursday as semiconductor names fell, with the AI trade coming under pressure following quarterly results from Meta (META) and Tesla (TSLA). Shares of the EV maker declined more than 1%, while Meta sank 6%. The Tech (XLK) sector fell, led by…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe selloff in AI-linked tech stocks weighs on the sector while Brent crude rises to a five-month high.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Meta sank 6% after quarterly results.
  2. 02Lam Research fell as much as 10% after citing supply chain constraints.
  3. 03Brent crude jumped to a five-month high, above $111 per barrel.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Meta Platforms, Inc.METAStock651.32 USD+0.07%today -6.62%Negative NVIDIA CorporationNVDAStock214.05 USD-1.68%today -3.57%Negative Advanced Micro Devices, Inc.AMDStock515.37 USD-1.66%today -6.76%Negative Lam Research CorporationLRCXStock236.67 USD+1.11%today -9.26%Negative State Street Technology Select Sector SPDR ETFXLKETF182.62 USD-1.44%today -3.14%Negative Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity111.44 USD-0.32%today +2.41%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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