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HSBC cuts Meta Platforms (META.O) price target to $830 from $905.

2026-07-30

HSBC cuts Meta Platforms (META.O) price target to $830 from $905.

Other News
2026-07-30

The Philadelphia Semiconductor Index surged 9%, significantly outperforming the Nasdaq's 2.6%, indicating this wasn't a general rise in tech stocks. Micron, AMD, and Intel all saw gains exceeding 14%, sharing the common characteristic of having falle

The Philadelphia Semiconductor Index surged 9%, significantly outperforming the Nasdaq's 2.6%, indicating this wasn't a general rise in tech stocks. Micron, AMD, and Intel all saw gains exceeding 14%, sharing the common characteristic of having fallen more sharply during the earlier valuation correction and exhibiting greater resilience during the rebound. Previously, market concerns about AI capital expenditure returns, overvalued chips, and the spread of the South Korean semiconductor sell-off led to a significant de-risking of the AI hardware supply chain. The current strong rebound in the Philadelphia Semiconductor Index suggests that funds are returning to the most resilient sectors that experienced the largest declines. However, this doesn't directly prove that the AI narrative has fully recovered.
2026-07-31

China’s official manufacturing PMI for July will be released in ten minutes.

China’s official manufacturing PMI for July will be released in ten minutes.
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