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Meta’s Muse Agent Has Wall Street Divided on Its AI Potential
- On Tuesday, Meta Platforms, the AI-powered digital advertising company, saw its stock jump 11.43% to $741.25 as investors responded to strong early demand for its new Muse assistant.
- Meta launched Muse two weeks ago as an autonomous assistant capable of sending emails, booking travel, and selling cars on users' behalf, tapping into growing consumer demand for practical AI agents.
- Wells Fargo analyst Ken Gawrelski raised his price target on Meta to $796 from $640, betting that heavy usage will drive many users toward paid subscriptions as the tool gains traction.
- Trading volume surged to 48.3 million shares, about 157% above the three-month average, while Muse surpassed OpenAI's ChatGPT and Anthropic's Claude as the top free app on Apple's US App Store.
- Ahead of the Meta Connect annual event this week, investors are watching for further AI progress, though industry concerns persist that autonomous agents could threaten human oversight and safety.
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34 Articles
Meta shares jump, AI agent Muse tops US App Store
US tech stocks surged on Monday, with Meta shares jumping 11.43%, adding more than $190 billion to the company's market value in a single session.The rally came as Meta's new personal AI agent, Muse, rapidly climbed the US app rankings. Launched on September
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Morning Bid: AI trade gets its Muse - Regional Media News
A look at the day ahead in European and global markets from Ankur Banerjee Investor enthusiasm for the AI trade is well and truly back after a strong reception to Meta Platforms' Muse assistant since its US launch revived optimism, while stalling oil prices also [...]
Coverage Details
Total News Sources34
Leaning Left4Leaning Right4Center9Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 24%
C 53%
R 23%
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