"We sit here and we're scouring the globe, and everyone's losing brain cells around AI," Porter Collins of "The Big Short" fame said.

Meta's earnings call is today at 5 pm ET. META stock heads into the report up 15% YTD. Analysts are focused on AI monetization efforts and DeepSeek.

Amid pressure from President Donald Trump to keep lowering interest rates, the Federal Reserve held steady.

NEW YORK (Reuters) -The Federal Reserve's future moves on interest rates in 2025 will be in a narrow range unless the trajectory of inflation changes, Goldman Sachs CEO David Solomon said in comments posted on the firm's website on Wednesday. "Unless we get some policy action that really changes the trajectory of inflation, I think we'll be in a narrow band with the policy rate," Solomon said on the firm's podcast.

"In our view this is a correction and not the start of a sustained bear market," Goldman Sachs said. DeepSeek sparked a $1 trillion market rout on Monday.

Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties, sending its shares up in after-hours trading even as it forecast increasing expenses on its artificial intelligence efforts. CEO Mark Zuckerberg said he expects 2025 to “be the year when a highly intelligent and personalized AI assistant reaches more than 1 billion people, and I expect Meta AI to be that leading AI assistant.” “We continue to make good progress on AI, glasses, and the future of social media,” Zuckerberg said in a statement.

Caution prevails as the Fed keeps interest rates unchanged and Nvidia sinks again, weighing on tech stocks.

DeepSeek’s success initially rattled investors’ assumptions about the AI spending wave that has swept through Silicon Valley in recent years.

Meta's Reality Labs division has lost the company more than $60 billion since 2020 as investors and analysts question whether Mark Zuckerberg's "metaverse" will ever pay off.

Shares in Royal Caribbean hit another record high Wednesday after soaring yesterday following a better-than-expected earnings report from the cruise line operator. Monitor these important chart levels.