30
Apr
Downgrade: JPMorgan Cuts Meta ($META) Rating on AI Spending Worries
JPMorgan Cuts Meta (META) Rating on AI Spending Worries
Meta-downgraded
30
Apr
Stock Market News — April 30, 2026 — Morning Update (Last 12 Hours PT)
Alphabet cloud resets AI expectations as Big Tech capex hits $700B. Eli Lilly, Novo surge on FDA weight-loss move. Samsung chip profit 50x. Qualcomm +11% on OpenAI deal. Caterpillar raises on AI power. Meta downgraded. Hertz +21% on Uber AV deal. ECB/BoE hold.
10 min read