Microsoft and Meta boost AI spending, but only one stock pays the price

Scott Melker reports that Microsoft and Meta are increasing AI spending, but only one stock is being punished by the market. Bitcoin remains near $64,000, with Melker viewing its resilience as a bullish sign amid broader uncertainty.

Scott Melker discusses the Federal Reserve's latest decision to hold interest rates steady, Meta META https://finance.yahoo.com/quote/META/ and Microsoft's MSFT https://finance.yahoo.com/quote/MSFT/ increasing AI expenses, but only one stock is getting punished. Meanwhile, bitcoin BTC-USD https://finance.yahoo.com/quote/BTC-USD/ continues to hover around $64,000, Melker explains why the cryptocurrency's resilience is a bullish sign despite the broader market uncertainty. " The Daily Wolf with Scott Melker https://finance.yahoo.com/videos/series/daily-wolf/?fr=sycsrp catchall " airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub https://finance.yahoo.com/markets/crypto/ to find the latest crypto-related news.