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Meta Rises on Strong Revenue and Muse AI Adoption Despite Broad Tech Selloff

Meta Platforms gained up to 1.0% in premarket trade following solid results, even as broader technology shares and U.S. index futures tumbled sharply. Meta reported a 26% year-over-year revenue surge to $64.6 billion, supported by positive adoption signals for its Muse AI. However, wider market sentiment soured over tech guidance and macro concerns. Nasdaq futures fell 1.7% and S&P 500 futures slid 1.0%, dragged down by post-earnings drops in Lam Research, IBM, and Tesla, alongside oil climbing above $112 per barrel.

Category

US Tech 100

Sentiment

Bearish

Event

Earnings guidance

Reading time

1 min