Where Are We Trading Now: As AI Uncertainties Return

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M

Update

September 16, 2026 02:00 PM GMT

Internet | North America

Morgan Stanley & Co. LLC

Brian Nowak, CFA

Equity Analyst

Where Are We Trading Now: As

AI Uncertainties Return

Matthew Cost

Equity Analyst

Nathan Feather

Equity Analyst

Internet names rose +1% (SPX/NDX -1/-1%), led by META +5%,

while GOOGL/AMZN +0%/-1%. ABNB -6%, BKNG -10%, and

RBLX +5%. AMZN/GOOGL/META 19X/17X/20X '26 EPS (-34%/35%/-9% vs TTM avg).

Julian Herrera

Research Associate

Gregory Gao

Research Associate

Kavya A Narayanan

Research Associate

Nikhil Javeri

Research Associate

Cela VanLieshout

Research Associate

Ethan Kim

Research Associate

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North America

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