What had been viewed mainly as an expensive AI gamble is increasingly being viewed as a potential new growth platform. Meta shares are surging over 10%, trading near $734.00 today, primarily because investors are enthusiastic about the rapid adoption of Meta's new AI assistant, Muse.
Meta shares are surging over 10%, trading near $734.00 today, primarily because investors are enthusiastic about the rapid adoption of Meta's new AI assistant, Muse.
App Store, providing early evidence that Meta's enormous AI spending could produce meaningful consumer adoption and revenue.
Muse can perform practical tasks such as retrieving information, completing forms, arranging appointments and assisting with purchases—not simply answer questions.
The page is ready to read now. The fuller skim-friendly version will appear here automatically.
Meta shares are surging over 10%, trading near $734.00 today, primarily because investors are enthusiastic about the rapid adoption of Meta's new AI assistant, Muse. App Store, providing early evidence that Meta's enormous AI spending could produce meaningful consumer adoption and revenue. Muse can perform practical tasks such as retrieving information, completing forms, arranging appointments and assisting with purchases—not simply answer questions.
The bigger story is that Muse's early popularity is changing the market's view of Meta's projected $130–$145 billion in 2026 capital spending. What had been viewed mainly as an expensive AI gamble is increasingly being viewed as a potential new growth platform.
In a September 11 post titled "Meta stock surges on Muse AI launch—but can it break key resistance?", I highlighted a key technical hurdle on the chart and wrote: "If the price can break above the trendline—and stay above it—the technical bias would shift more firmly in the buyers' favor.
Open the app view to save this story, compare related coverage, and continue from the same source.