Meta Platforms & ExxonMobil

Meta Platforms: Meta Platforms's shares slid 9%, costing its CEO Mark Zuckerberg $17.9 billion and contributing to a 28% decline since mid-February.

ExxonMobil: ExxonMobil lost around 4% as energy stocks slumped and oil prices plummeted.

Meta Platforms: Meta Platforms appointed Dina Powell as president and vice chairman to guide its strategy and multi-billion-dollar investments, particularly in AI and infrastructure, and to strengthen ties with the United States government.

ExxonMobil: Dina Powell has held corporate board positions, including at ExxonMobil, showcasing her broad corporate experience.

Meta Platforms: Meta Platforms posted forecast-busting earnings, contributing to the positive sentiment in the AI trade, which is a separate market trend from the US-Iran conflict.

ExxonMobil: The crude production loss from Gulf Arab countries in March was nearly equivalent to the combined production of ExxonMobil and Chevron, highlighting the scale of the disruption.