The Latest Breaking News from Wall Street

Tech giants Alphabet, Amazon, Microsoft and Meta to collectively invest $600bn on artificial intelligence this year

Progressive Corporation has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.

Wall Street analysts rerated Meta Platforms Inc (NASDAQ:META) after the company said that it is considering cutting up to 30% of its 2026 Metaverse budget, primarily targeting the Quest virtual reality unit and Horizon Worlds, which account for the bulk of metaverse-related investment.

Baker Hughes has outperformed other oilfield services stocks over the past year. Moreover, Wall Street analysts remain strongly optimistic about its prospects.

Analog Devices has underperformed the technology sector over the past year. However, Wall Street analysts remain moderately optimistic about its prospects.

Apple Inc (NASDAQ:AAPL) didn't just brush off succession jitters — it set a new all-time high while doing it. At $280.38, the stock just punched into record territory, lifting Apple to a $4.12 trillion valuation and reminding Wall Street that it doesn't need a viral headset demo or ChatGPT clone…

Generac Holdings has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.

“It’s possible that the rout in Bitcoin is forcing some investors to sell stocks that they own.”

Andreas Halvorsen just reminded Wall Street why Viking Global Investors is one of the hedge fund world's most-watched portfolios: he doesn't trim, he swings. Viking's third quarter 13F filing shows a $38.5 billion book that looks like it's been through a full reboot — complete with shock exits, oversized new…