PWB is trading at $152.08, down 2.16%, as investors question the cost and returns of AI investment after mixed megacap earnings.

  • Lam Research fell sharply after its outlook disappointed, weighing on semiconductor sentiment.
  • Tesla cut its 2026 capital-spending forecast, while Meta’s higher AI-spending outlook renewed scrutiny of the sector’s investment burden.
  • Rising oil amid Middle East tensions and weaker U.S. futures added to risk aversion; Nasdaq futures were down 1.6%.