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Market move● Neutral for Indian equities
US Market: Meta shares rebound as Muse AI agent fuels revenue hopes
The brief
- Meta shares rebounded as optimism grew around Muse, its AI agent aimed at revenue beyond advertising
- Meta faces scrutiny over the initiative
- Big AI reset ahead? Chris Wood doubts hyperscalers’ $990 bn capex estimates, highlights India’s reverse AI trade advantage
- AMZN, META, GOOGL, MSFT, ORCL: Michael Burry Sounds Fresh Alarm On Big Tech’s AI Spending, Warns Of Massive Write-Offs In Two Years