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Meta stock enjoys best month since 2022 on AI momentum
The shares closed at $725.18 and beat the Nasdaq as Muse topped ChatGPT in Apple iOS downloads, Wall Street said.
- Meta shares surged 27% in Sept, closing at $725.18 on Wednesday to mark the company's best monthly performance in years.
- Investor confidence grew following the Sept 8 debut of Muse personal AI agent, which topped rival OpenAI's ChatGPT in Apple iOS downloads.
- The stock outperformed all megacap peers, significantly exceeding the Nasdaq, which gained nearly 2% during the same stretch.
- Meta hired MongoDB CEO CJ Desai to lead its new Meta Enterprise Platform this week, targeting a market BofA Global Research analysts project will exceed $1trn by 2028.
- Rivals like OpenAI recently debuted Dots agent tools, and analysts note Meta's Muse could threaten Apple, positioning the company in an intensifying AI agent competition.
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Meta Stock Rose 27% in Sept 2026, Then Lost $134 Billion
Meta stock closed September up 27% at $725.18, its best month since 2022, after Muse topped the App Store. But you'd have seen a 36% gain just six days earlier. The roughly $134 billion that vanished in four sessions points to one question: how Muse actually makes money.
Coverage Details
Total News Sources9
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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