The stock market closed mixed on Friday as investors remained worried that the new political environment could lead to tighter AI regulations and slower data-center investment.
AppLovin (APP) was a standout performer as it jumped 12%. Advanced Micro Devices (AMD) and Cloudfare (NET) were also strong as they both rose 11%.
Overall, S&P 500 went up 0.3% to 7,377, while Nasdaq rose 1.1% to 24,579.
Chart of the Day
Here is the one-year chart of Meta Platforms (META) as of October 28, 2026, when the stock was at $615.
Last quarter, Meta Platforms reported 26% year-on-year revenue growth, driven by resilient advertising demand, higher ad impressions and increased average ad prices. However, the company only delivered 2% profit growth as expenses rose 68%.
AI infrastructure pushed capital expenditures (CapEx) to ~54% of revenue. Capital Expenditures include investments in servers, data centers, and network infrastructure.
Meanwhile, in the earnings call, management highlighted Muse. Muse is Meta’s AI-powered personal assistant that helps users find information, explore products, and perform tasks. Muse started strong with over 10 million early users within its first six weeks within the US and Canada. Muse presents potential new revenue opportunities through shopping transactions, subscriptions, and business services.
META is part of the Growth Portfolio.
