US stocks open higher; Brazil-listed ADRs plunge, Meta seeks $95B equity financing for AI

The outsized drops in Brazil-listed ADRs stand out against a firmer broad tape, a divergence large enough to suggest a market-specific shock rather than ordinary risk appetite, though the item offers no stated cause. Meta's pursuit of up to $95 billion in equity to fund AI spending, alongside a softer share price, points to a widening question of how the largest AI spenders will finance their buildout. SK Hynix's reported shareholder return plan is a reminder that memory suppliers are moving into capital-return mode. Whether the Brazil dislocation is contained or spreads, and how equity-funded AI capex is received, are the open questions.