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Apple (NASDAQ:AAPL) Receives Buy Rating From JPMorgan Chase & Co.
Analysts raised price targets as Muse drew 2.8 million downloads and more than $3.9 billion in options premium, signaling hopes for new revenue.
- Meta Platforms shares surged 30% in September, marking their strongest monthly performance since July 2013, as investors embraced the company's new Muse AI assistant.
- Since launching on September 8, Muse recorded 2.8 million global installs within 12 days, outpacing ChatGPT's comparable early mobile adoption and quickly topping app store charts.
- Meta plans to monetize through $20 and $100 monthly subscriptions and transaction commissions, with partnerships including Walmart and Expedia accelerating ecosystem adoption.
- Booking Holdings shares slid 3.8% as investors adjusted positions, fearing Muse could disrupt traditional online travel agency models despite no company-specific news.
- JPMorgan analysts raised their price target to $920, citing Muse's revenue potential, while investors await October 28 earnings to validate concrete usage metrics.
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The Economic TimesReposted by 
Times of India
Times of IndiaUS Market: Meta shares rebound as Muse AI agent fuels revenue hopes
Meta shares have rebounded as investor optimism grows around Muse, its AI agent aimed at creating revenue beyond advertising. The company faces scrutiny over heavy AI spending, privacy concerns and competition, but Muses early downloads, retail partnerships and integration with smart glasses could help Meta monetize its vast user base.
·Mumbai, India
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Meta stock surge reflects investor excitement over AI agent that can book trips and send emails
·Copenhagen, Denmark
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BT+3 Reposted by 3 other sources
Meta stock's rise reflects investors' excitement about AI agents that can book trips and send emails.
·Borås, Sweden
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Coverage Details
Total News Sources64
Leaning Left7Leaning Right12Center10Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 24%
C 35%
R 41%
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