Meta Platforms is spending heavily on artificial intelligence, weighing on investor sentiment. Morgan Stanley argues the company’s AI investments could unlock billions in new revenue and earnings growth.

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Tech

OpenAI CEO Sam Altman to meet with lawmakers, Trump officials in DC

CNBC2026.06.03

President Donald Trump signed an executive order about AI this week, which Altman voiced support for.

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Market

AT&T Stock Drops After Downgrade. Blame SpaceX.

Yahoo2026.06.03

Such concerns led Oppenheimer analyst Timothy Horan to downgrade shares of AT&T to Perform from Outperform on Wednesday and removed his previous price target of $32. Rising competition from providers of satellite broadband, like Amazon Leo and SpaceX’s Starlink, could take market share from AT&T’s internet business. SpaceX is expected to go public next week, and Horan says the IPO will highlight the risks satellite poses to AT&T.