As the afternoon noise subsides and we head into the second half of the session, catch up on what’s driving the conversation. Join us for a quick look at some of the biggest trends shaping Wall Street right now:

Meta Takedown Continues in Cali

• Meta Platforms Inc (NASDAQ:META) is sliding 3.8% this afternoon, as the tech behemoth remains under fire for its impact on children and teenagers. After a loss in New Mexico two weeks ago, this trial includes 29 state attorneys in a unified case.
• META has suffered on the charts since climbing to a record high just shy of $800 last year, now off 14% for 2026. The $600 level has rejected numerous breakout attempts over the past week.

Investors Can't Get Enough AI

• As earnings season winds down and not much remains on the docket this week, investors are turning to artificial intelligence to fill the gaps. The AI sector is enjoying a Monday surge, with the likes of Micron Technology Inc (NASDAQ:MU) getting an additional boost from news that Apple (AAPL) won't be permitted to buy memory chips from Chinese manufacturers.
• A frequent flyer on Google Trends, MU was last seen up 4.8% as it enjoys a 260% gain for 2026. Today's jump is also pushing the shares for a close above the round $1,000 mark for the first time since early July.

SpaceX Continues to Make Noise

• We can't seem to shake Space Exploration Technologies Corp (NASDAQ:SPCX) or Elon Musk. Today the shares are ushering in a healthy 5.7% gain, extending the stock's pivot off early August lows. Musk's latest project has managed to climb 20% so far in August.
• Saturday, Musk said he expects SpaceX to hit a recurring annual revenue of $100 billion by the end of 2026 and $1 trillion by the end of 2030. Aided by data center builds and a fresh deals with Alphabet (GOOGL) and Anthropic, the AI darling looks poised to keep its promises.