Welcome back to Markets Desk, here's what's moving the needle right now.
Meta is making a serious bet on artificial intelligence, raising its capital spending guidance to as high as one hundred forty five billion dollars this year. Alongside that, the company is rolling out a new subscription strategy — and what investors need to understand is that the revenue model is shifting, with AI infrastructure costs front-loaded well ahead of any subscription payoff.
Turning to software, Salesforce, Adobe, and ADP are all executing significant share buyback programs as the tech sector finds its footing in the second quarter. Software names have lagged the broader market recovery, and management teams at these three are essentially telling you they believe their stock is undervalued — buybacks at scale are a capital allocation statement, not a gesture.
And in healthcare, the comparison between Oscar Health and UnitedHealth is sharpening as investors look toward two thousand twenty six. Oscar is leaning hard into its proprietary technology platform to carve out share in the individual insurance market, while UnitedHealth carries the weight and the scrutiny of being the sector's dominant player. The question is whether disruption premium outweighs stability at current valuations.
That's the tape. Markets Desk, signing off the floor.
