Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Meta faces AI funding scrutiny
Meta shares slipped 2% after the company introduced new non-voting shares to help fund its expensive AI expansion. The move renewed investor focus on how much capital major technology companies need to remain competitive in the AI race. Amazon and Nvidia also fell, while chip stocks including Intel, AMD, Qualcomm, Marvell Technology, Broadcom and Micron Technology declined. Intel dropped 4.4%, while the other chipmakers fell between 3% and 4.7% in premarket trading.
