Yahoo Finance's Brian Sozzi previews the day's stories: JPMorgan's upgrade of Intel (INTC), Elon Musk's SpaceX (SPCX) stock giveaway, and whether Meta (META) can restore faith in the AI trade. The FT reported at least 47 large data center projects were delayed, withdrawn or blocked in 2026, and Bernstein said only 35% of the planned US data center pipeline was credible, fueling concern about AI spending. Sozzi argued a crash like Black Monday in 1987, when the Dow fell 22.6% in one day, is unlikely today, citing strong corporate earnings, Nvidia trading at 24 times forward earnings, the Fed signaling it could be done hiking rates for the rest of 2026, and no sign of a sharp economic slowdown. He also noted Anthropic is preparing to publicly file its S-1, likely within the week, ahead of a mid-November IPO. Musk said next year he will give one SpaceX share to every kid in America, which Sozzi estimated could be a gift of over $10 billion.
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METASpaceXElon Muskartificial intelligence
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/16/2026 | 709.34 |
| Change that session | -3.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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