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Accenture Downgraded by Morgan Stanley on AI Spending Concerns
Morgan Stanley downgraded Accenture to Equal Weight, cutting its price target to $177 from $240, citing weak IT services budget growth and AI spending pressure. Shares fell 0.8% to $169.
GE Vernova Bounces Back as AI Power Demand Drives Focus on Electrification
GE Vernova shares rebounded 3.6% after a sharp May decline, fueled by strong AI-driven data-center demand and record electrification orders.
Alphabet Stock Rallies as AI Infrastructure Bets Fuel Cloud Surge
Alphabet shares jumped 3.16% to $371.03 as investors weigh record AI infrastructure spending against surging Cloud growth and 22% revenue gain; analysts remain split on future performance.
KeyBanc Upgrades Rocket Lab, Firefly After SpaceX IPO Selloff
KeyBanc upgraded Rocket Lab and Firefly Aerospace after a SpaceX IPO selloff, sending shares up 4.3%.
Institutional Investors Boost Boeing Holdings Amid Delivery Recovery
Venture Visionary Partners boosted its Boeing stake by 37.9% in Q4, joining other funds. BA shares gained $10.12 to $229.17 as delivery recovery offsets production risks.
Goldman Sachs Bullish on Apple Following Siri AI Plans at WWDC 2026
Apple shares gained 2.1% as Goldman Sachs reaffirmed its Buy rating and $340 price target, highlighting WWDC 2026's Siri AI roadmap and monetization opportunities, but warned of regulatory and hardware constraints.
Exxon Mobil Shares Slide as Oil Prices Tumble on US-Iran Strait Deal
Exxon Mobil shares dropped 4% to $141.10 as crude prices fell on a US-Iran deal to reopen the Strait of Hormuz, with weaker Q1 earnings and compressed margins adding to the stock's woes.
Meta Shares Rally as Market Evaluates Zuckerberg's AI Spending Plan
Meta shares climbed $27.08 to $594.06 after Q1 revenue jumped 33% to $56.31 billion, but attention turned to the company's sharply higher 2026 capex guidance of $125-$145 billion.
Microsoft Insiders Sell $10M in June Amid Valuation Split
Microsoft insiders sold nearly $10 million in MSFT shares in June, with valuation models showing a wide gap. Analysts are split on the stock's intrinsic value as AI investments pressure margins.
Schwab Stock Gains on Record May Metrics Amid AI and Crypto Headwinds
Charles Schwab shares rose 1.3% after reporting record May results, including $13.14 trillion in client assets and 11.8 million daily trades, as investors weigh growth against AI and crypto concerns.
Wall Street Hits New Highs as Iran Deal Sends Oil Tumbling; Fed in Focus
U.S. stocks hit fresh records Monday after a U.S.-Iran agreement sent oil prices crashing 5%, lifting airlines and tech while dragging energy stocks. The Fed's June 16-17 meeting is the next catalyst.