AI stocks split before Wall Street opens as Microsoft sinks and Meta jumps
Microsoft fell about 10% premarket after reporting a 66% jump in capital spending, unsettling investors. Meta rose roughly 10% on strong ad revenue and a bullish first-quarter forecast, despite higher spending plans. Nvidia edged up, while Broadcom and AMD slipped. Traders awaited U.S. producer price data due at 8:30 a.m. ET.