BUZZ - Meta shares fell to nearly a one-month low, underperforming other companies among the "Magnificent Seven" tech giants.

October 19 - ** Artificial intelligence hyperscaler Meta Platforms (META.O) shares fell 2% to $695.11, marking their lowest level in about a month

** The company was the only decliner among the “Big Seven” tech giants and is on track for its fourth straight session of declines

** Over the past four sessions, the share price has dropped about 9%, putting it at a disadvantage ahead of releasing third-quarter earnings on Wednesday

** Climbing Treasury yields and Federal Reserve rate hike concerns are weighing on AI hyperscalers, as these could increase borrowing costs and slow the construction of data centers

** Meta’s launch of two Muse Wonder AI assistants briefly boosted market sentiment, but investor enthusiasm gradually faded thereafter

** Even so, Morgan Stanley still raised META's price target from $775 to $820, saying the proliferation of AI agents is expected to sustain computing demand and capital expenditure

** Including today's gains, META shares have risen 5.62% year-to-date, compared to a 17.24% gain for the Nasdaq 100 index (.NDX) over the same period

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