Group 1: Meta's Strategic Shift - Meta plans to cut overall spending by approximately 30%, continuing its efficiency initiatives from the previous year [2] - The company intends to increase investment in AI wearables, indicating a strategic focus on on-device intelligence and next-generation hardware [2] - Core priorities now include AR glasses, multimodal AI assistants, and spatial computing experiences, suggesting a significant platform shift is anticipated [3] Group 2: UiPath's Strong Performance - UiPath experienced a surge of over 25% following a strong earnings report that exceeded expectations [4] - Revenue growth accelerated, and Annual Recurring Revenue (ARR) surpassed forecasts, with management noting a rapid increase in demand for AI agents and enterprise automation workflows [4] - The company has shown meaningful margin improvement, indicating a transition from early growth to a more sustainable, profitability-focused phase [6] Group 3: Economic Indicators - The Core PCE report, which is the Federal Reserve's preferred inflation metric, is expected to show continued cooling without entering contraction territory [7] - If the PCE data aligns with or is lower than expectations, it could bolster the case for potential rate cuts next year [9] - A hotter PCE reading could lead to increased volatility across equities, bonds, and cryptocurrencies as markets reassess the timing and magnitude of easing [9]