WS #16365
Despite a broad Nasdaq correction, specific tech names are finding support. Meta's AI agent 'Muse' has achieved 10 million downloads in a month, and Phillip Securities has tripled its SpaceX price target to $250 citing AI upside. However, the broader sector remains under pressure from the macro environment, with half of the Nasdaq-100 constituents now in bear market territory.
Tech Sector Divergence
Despite a broad Nasdaq correction, specific tech names are finding support. Meta's AI agent 'Muse' has achieved 10 million downloads in a month, and Phillip Securities has tripled its SpaceX price target to $250 citing AI upside. However, the broader sector remains under pressure from the macro environment, with half of the Nasdaq-100 constituents now in bear market territory.