AM Markets Need to Know: Meta's AI push, PayPal bid, and more

U.S. futures were weaker as investors weighed a broad semiconductor selloff and a mix of corporate and geopolitical news. For Meta, the hiring of an AWS veteran reinforces its AI infrastructure and data center buildout, which is strategically positive for long-term competitiveness. PayPal remains in focus after its board reportedly deemed a $53 billion Stripe/Advent takeover bid too low and potentially burdened by regulatory and financing issues, keeping deal speculation alive. Michael Burry’s comments on Hong Kong suggest relative value opportunities outside the crowded AI trade, while his increased JD.com stake highlights interest in Chinese equities. In energy, new pipeline projects in the Persian Gulf aim to reduce reliance on the Strait of Hormuz, but the article notes export risks remain. Separately, the Trump administration finalized new fixed-duration rules for student and exchange visas, a policy change with limited direct market impact but relevant for education and travel flows.