Meta Platforms Inc (NASDAQ:META) is sliding 3.8% this afternoon as a California trial involving a coalition of 29 state attorneys over the company’s impact on children and teenagers continues; investors are meanwhile rotating into artificial intelligence, boosting Micron Technology Inc (NASDAQ:MU), and SpaceX was cited as another market topic though no details were provided.
Meta Takedown in California
Meta remains under legal pressure after a loss in New Mexico two weeks ago, with the current trial brought as a unified case by 29 state attorneys. META has fallen from a record high just shy of $800 last year and is now down 14% for 2026. The $600 level has rejected numerous breakout attempts over the past week.
Investors Flock to AI and Micron Surge
With earnings season winding down and little scheduled for the remainder of the week, investors are turning to artificial intelligence to fill the news vacuum. The AI sector is enjoying a Monday surge, and Micron Technology Inc (NASDAQ:MU) received an additional boost from news that Apple (AAPL) won’t be permitted to buy memory chips from Chinese manufacturers. MU was last seen up 4.8% and is up 260% for 2026; today’s jump is pushing the shares toward a close above the round $1,000 mark for the first time since early July.
SpaceX Mentioned Without Details
The source also listed SpaceX as a continuing topic, but provided no further information about that mention.
