Meta (META) and Microsoft (MSFT) are leading the charge. The tech titans are up 12% and 5% respectively following strong AI earnings. Full speed ahead for these two as Meta easily beat and raised estimates as AI helps people spend more time on Facebook and Instagram. Microsoft, on the other hand, saw their Azure and cloud service revenue jump 39% as customers ramp up AI spending.
Healthcare still in the doldrums. Bristol Myers (BMY) initially up on strong earnings is now down 2%. Bristol beat by 39 cents and provided upside guidance. UnitedHealth Group (UNH) is down 3% on downgrade and a new price target of $198 at Robert Baird. The same analyst downgraded the stock on June 11th with a $312 price target.
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