Meta’s Muse Agent Has Wall Street Divided on Its AI Potential
Wall Street sees Muse as a new revenue stream, with JPMorgan Chase saying the app could become the most widely used consumer AI since ChatGPT.
- Meta’s shares rose 11.43% to $741.25 after Muse became a leading download on Apple’s iOS App Store.
- Meta says Muse can book travel, send emails, and make purchases, with free and paid plans costing $20 or $100 per month.
- Wells Fargo analyst Ken Gawrelski raised Meta’s price target from $640 to $796, citing possible subscription revenue from heavy Muse users.
- Amazon blocked Muse from its marketplace, while Meta released a fix for a security flaw affecting Muse sessions.
62 Articles
62 Articles
Meta jumps 11% as investors bet on its Muse agent
Meta’s shares closed up 11.43% at $741.25 on Monday as investors piled into the company’s bet on AI agents. Trading volume hit 48.5 million shares, well above the three-month average, The Motley Fool reported. The rally made Mark Zuckerberg about $25bn richer in a single session, lifting his fortune to an estimated $253.6bn, as Mary Whitfill Roeloffs […] This story continues at The Next Web
Meta's Muse Hits No. 1: How One AI Agent Sparked a $200 Billion Stock Surge
Meta's Muse AI agent rocketed to the top of the App Store and added nearly $200 billion to the company's market cap in weeks. Strong downloads, analyst upgrades and new revenue expectations have shifted the narrative on Meta's massive AI bets. The surge also lifted chip stocks like AMD past $1 trillion.
That turns to Meta Platforms. After spending most of the year with its actions presenting performance below expected, the release of its agent Muse boosted the roles. But the actions of chip makers are still the safest way for those who bet on the artificial intelligence race. Exclusive material for subscribers. To have full access, access the link of the material and make your registration.
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