Key Takeaways Corning shares surged Tuesday after the glass and fiber optic cable maker announced a $6 billion deal with Meta to supply its data centers.The company is a supplier to several tech heavyweights including Nvidia and Apple, and has been a big beneficiary of the AI boom. A deal with Meta Platforms (META) is the latest piece of good news boosting Corning (GLW) stock. Corning and Meta announced $6 billion deal for Corning to supply the Facebook and Instagram parent with fiber optic technology ...

Key Takeaways Corning shares surged Tuesday after the glass and fiber optic cable maker announced a $6 billion deal with Meta to supply its data centers. The company is a supplier to several tech heavyweights including Nvidia and Apple, and has been a big beneficiary of the AI boom. A deal with Meta Platforms (META) is the latest piece of good news boosting Corning (GLW) stock. Corning and Meta announced $6 billion deal for Corning to supply the Facebook and Instagram parent with fiber optic techno ...

Market Overview - Wall Street is experiencing volatility with mixed profit reports from major companies, leading to a slight rise in the S&P 500 by 0.5% while the Dow Jones Industrial Average fell by 288 points or 0.6% [1] - The Nasdaq composite increased by 1% [1] Company Performance - UnitedHealth Group's stock dropped by 19.1% despite reporting a profit that exceeded analysts' expectations, primarily due to a disappointing revenue forecast for the upcoming year [2] - Other healthcare companies, including Humana, Elevance Health, and CVS Health, also faced significant declines of 20.2%, 13%, and 12.9% respectively, influenced by a projected rate increase for Medicare Advantage that did not meet investor expectations [3] - Corning's stock rose by 15.5% after announcing a $6 billion deal with Meta Platforms to supply optical fiber and cable for data centers [4] - General Motors and HCA Healthcare saw stock increases of 9% and 11.1% respectively, both reporting profits that surpassed Wall Street's expectations and initiating stock buyback programs [5] - UPS's stock rose by 4.4% following a stronger profit report and a positive revenue forecast for 2026, while American Airlines' stock fell by 4.2% due to a profit that fell short of expectations [6] Market Sentiment and Economic Indicators - There is increasing pressure on companies to deliver strong profit growth following record stock price increases, as stock prices typically align with corporate profits over the long term [7] - Anticipation surrounds upcoming earnings reports from major tech companies, including Meta Platforms, Microsoft, Tesla, and Apple [7] - Big Tech stocks contributed positively to the S&P 500, with Apple and Microsoft gaining 2.2% and 2% respectively [8] - The Federal Reserve is expected to maintain its main interest rate steady, with inflation remaining above the 2% target [9] - Consumer confidence in the U.S. has weakened, dropping to its lowest level since 2014, which could impact market sentiment [10]

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks in Focus on Wall Street. On January 26, KeyBanc analyst Justin Patterson lowered the price target on the stock to $835.00 (from $875.00) while maintaining an Overweight rating. The firm anticipates META to benefit from AI product cycles in 2026 alongside Alphabet (GOOGL). We believe OW-rated Alphabet (raise PT to $360) and OW-rated Meta (lower PT to $835) should benefit from AI product cycles in 2026. While Alphabet’s AI upside is increasingly r ...

Core Viewpoint - Meta is planning to introduce premium subscription tiers for Instagram, Facebook, and WhatsApp, allowing users to access additional features beyond the free versions currently available [1][2]. Group 1: Subscription Plans - Meta has confirmed the testing of premium subscription tiers for its three main services, which will provide users with "special features and more control" over their sharing and connectivity [1]. - The specifics of the subscription plans have not been detailed, but they are expected to differ from the existing Meta Verified badge aimed at businesses and content creators, which starts at $15 [2]. - The new subscriptions will likely include AI-related features, such as access to AI image generators or agents, with the offerings potentially evolving based on customer feedback [3]. Group 2: Industry Context - The trend of introducing subscriptions for previously free social media services is becoming common, with platforms like LinkedIn, X (formerly Twitter), and Snapchat already offering paid options for enhanced features [4].

Luxury conglomerate LVMH reported better-than-expected earnings after the bell on Tuesday and a second quarter of organic revenue growth, as the sector's recovering business in China starts to show up in balance sheets.Organic revenue grew by 1% in the fourth quarter, flat from the same period a year earlier. Over the full year, revenue decline 1%.The company reported fourth-quarter revenue of 22.7 billion euros, beating LSEG estimates of 22.2 billion euros. For the full year, revenue came to 80.8 billion e ...

Core Viewpoint - TikTok has settled with a plaintiff and will not participate in a significant social media trial, which will continue against Meta and YouTube [1] Group 1: Legal Developments - The trial is set to take place in Los Angeles Superior Court and is the first of several major legal cases against social media companies in 2026, drawing parallels to the lawsuits against 'Big Tobacco' in the 1990s [1] - An attorney for the plaintiff expressed satisfaction with the settlement and indicated that the focus has shifted to Meta and YouTube for the ongoing trial [2] - Last week, Snapchat also reached a settlement with the plaintiff, indicating a trend among social media companies to resolve legal disputes [2]

Meta Platforms (META) will release its fourth-quarter financial results on Wednesday, Jan. 28. Over the past three months, Meta shares have fallen about 10%, trailing the broader market and reflecting growing concerns about the company’s near-term profit outlook. Operationally, Meta’s core business continues to perform well. The company is seeing steady growth in active users and engagement across its family of apps, and advertising revenue remains resilient. These fundamentals reflect the durability of M ...

Group 1 - The tech giant has invested over $6 million in television advertisements targeting state capitals and Washington, D.C. [1] - The primary message of the advertisements is that data centers contribute to job creation [1]

However, on the regulatory front, Meta also faces some challenges. Recently, a Dutch court has ordered changes to Facebook/Instagram feeds under the EU’s Digital Services Act, demanding easier user opt-outs for recommended content. In the U.S., the FTC has asked an appeals court to revive its antitrust case over Meta’s Instagram/WhatsApp acquisitions. And in California, a jury trial just began over a claim that social media design fueled teen addiction and depression, with CEO Mark Zuckerberg expected to te ...