Meta's quarterly results to provide insight into AI spending

Investors are looking to corporate earnings for evidence that consumers and the broader economy remain resilient, but also that massive AI spending is paying off. Quarterly results from AI heavyweight Meta are scheduled for Wednesday.

Reflecting some of this nervousness was a 32 percent drop in South Korean AI infrastructure company Elice Group, when the stock fell below its initial public offering price in its market debut.

Investors are also still assessing the risk that higher interest rates pose to AI stocks.